CONNECTM TECHNOLOGY SOLUTION (CNTM) Stock Technical Analysis
NASDAQ:CNTM - Nasdaq - US2079441091 - Common Stock - Currency: USD
Taking everything into account, CNTM scores 0 out of 10 in our technical rating. CNTM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 part of the Electrical Equipment industry. There are 94 other stocks in this industry, of which 92% are performing better than CNTM.
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.
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
0.44
0.88
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.4401
-0.21 (-32.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-32.29%
1 Week-31.82%
2 Weeks-37.13%
1 Month-27.85%
3 Month-62.38%
6 Month-45.65%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%23.39%
ATR Inc103.63%
Range Today0.28
ADR(20)0.1
ADR(20)%22.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.73
10 Day Low0.37
20 Day High0.83
20 Day Low0.37
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start0.63
Volume & EV
DER(3)-0.65%
DER(5)-6.24%
Volume20.74M
Volume Incr-50.58%
Vol(5)5.12M
Vol(50)4.92M