CONNECTM TECHNOLOGY SOLUTION (CNTM) Technical Analysis
NASDAQ:CNTM • US2079441091
Current stock price
CNTM Technical Rating and Analysis
Taking everything into account, CNTM scores 0 out of 10 in our technical rating. CNTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CNTM is a bad performer in the overall market: 100% of all stocks are doing better.
- CNTM is one of the lesser performing stocks in the Electrical Equipment industry. 97% of 91 stocks in the same industry do better.
- In the last month CNTM has a been trading in the 0.37 - 0.83 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CNTM has an average volume of 4923810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNTM Weekly and Daily overview Charts
CNTM Setup Rating and Analysis
The technical rating of CNTM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CNTM Support and Resistance Analysis
0.44
4 important resistance areas can be observed.
- A resistance zone ranging from 0.63 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.68 from a trend line in the weekly time frame.
- Resistance @0.72 from a trend line in the daily time frame.
- Resistance @0.87 from a trend line in the daily time frame.
CNTM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CNTM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNTM is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CNTM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.9 | NEUTRAL | The RSI value for CNTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNTM has a negative trend. |
| Stochastics (14,3) | 29.58 | NEUTRAL | The Stochastics value for CNTM is a neutral value. |
| Average True Range in percent/ATR (20) | 23.39 | HIGH VOLATILITY | The high ATR as a percentage value for CNTM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for CNTM suggests a strong trend. |
CNTM Chart- and CandleStick Pattern Analysis
CNTM Technicals: Chart, Performance Metrics, Trend & Indicators
0.4401
-0.21 (-32.29%)
CONNECTM TECHNOLOGY SOLUTION / CNTM TA FAQ
What is the technical rating for CNTM stock?
ChartMill assigns a technical rating of 0 / 10 to CNTM.
Can you provide the trend direction for CONNECTM TECHNOLOGY SOLUTION?
The current trend direction for CONNECTM TECHNOLOGY SOLUTION (CNTM) is Bearish.
What is the RSI signal for CNTM stock?
CONNECTM TECHNOLOGY SOLUTION (CNTM) has an RSI value of 32.9003. This indicates that the stock is currently neutral.
What are the support and resistance levels for CONNECTM TECHNOLOGY SOLUTION (CNTM) stock?
CONNECTM TECHNOLOGY SOLUTION (CNTM) has a resistance level at 0.63. Check the full technical report for our detailed analysis of CNTM support and resistance levels.