Overall CNXC gets a technical rating of 2 out of 10. In the past year, CNXC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CNXC has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
40.80
When analyzing the support we notice one important area.
- A support zone ranging from 41.21 to 41.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 41.97 to 42.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.28 from a trend line in the daily time frame.
- Resistance @53.37 from a trend line in the weekly time frame.
- Resistance @57.74 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 CNXC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNXC is up. |
| ChartMill Relative Strength | 22.7 | NEGATIVE | CNXC has a low relative strength, it was outperformed by 77.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNXC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNXC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNXC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.95 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CNXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.61 | OVERBOUGHT | The high Stochastics value suggests CNXC may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for CNXC suggests a strong trend. |
41.58
-0.15 (-0.36%)
CONCENTRIX CORP / CNXC FAQ
What is the ChartMill technical rating of CONCENTRIX CORP (CNXC) stock?
ChartMill assigns a technical rating of 2 / 10 to CNXC.
Can you provide the trend direction for CONCENTRIX CORP?
The current trend direction for CONCENTRIX CORP (CNXC) is Bearish.
What is the RSI signal for CONCENTRIX CORP (CNXC) stock?
CONCENTRIX CORP (CNXC) has an RSI value of 60.9521. This indicates that the stock is currently neutral.
What is the MACD signal for CONCENTRIX CORP (CNXC) stock?
The MACD indicator for CONCENTRIX CORP (CNXC) has a value of 0.306786, indicating a bearish trend.
What is the support and resistance level for CNXC stock?
CONCENTRIX CORP (CNXC) has a support level at 41.57 and a resistance level at 41.97. Check the full technical report for our detailed analysis of CNXC support and resistance levels.