CONNEXA SPORTS TECHNOLOGIES (CNXA) Stock Technical Analysis
NASDAQ:CNXA - Nasdaq - US8314453098 - Common Stock - Currency: USD
Taking everything into account, CNXA scores 8 out of 10 in our technical rating. In the last year, CNXA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
CNXA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CNXA is part of the Leisure Products industry. There are 31 other stocks in this industry. CNXA outperforms 100% of them.
In the last month CNXA has a been trading in the 0.19 - 1.57 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CNXA has an average volume of 5138460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CNXA did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CNXA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.49
1.52
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 | NEUTRAL | NEUTRAL | The long term trend for CNXA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNXA is up. |
| ChartMill Relative Strength | 99.52 | POSITIVE | CNXA has a high relative strength, it outperformed 99.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNXA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNXA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNXA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 95.37 | OVERBOUGHT | The high RSI value suggests CNXA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CNXA has a positive trend. |
| Stochastics (14,3) | 91.05 | OVERBOUGHT | The high Stochastics value suggests CNXA may be overbought. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for CNXA suggests high volalility. |
| Average Directional Index/ADX (14) | 47.38 | POSITIVE | The high ADX value value for CNXA 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)
1.5
+0.42 (+38.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg38.89%
1 Week400.33%
2 Weeks550.48%
1 Month577.2%
3 Month590.93%
6 Month-16.2%
12 Month-76.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.74%
ATR Inc703.98%
Range Today0.63
ADR(20)0.11
ADR(20)%7.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.52
Mansfield-5.82
10 Day High1.57
10 Day Low0.19
20 Day High1.57
20 Day Low0.19
52 Week High14
52 Week Low0.14
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)0.71%
DER(5)2.29%
Volume16.88M
Volume Incr901.2%
Vol(5)15.23M
Vol(50)5.14M