CONCENTRIX CORP (CNXC) Stock Technical Analysis
NASDAQ:CNXC - Nasdaq - US20602D1019 - Common Stock - Currency: USD
Taking everything into account, CNXC scores 3 out of 10 in our technical rating. In the last year, CNXC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, CNXC is a bad performer in the overall market: 80% of all stocks are doing better.
CNXC is one of the lesser performing stocks in the IT Services industry. 70% of 82 stocks in the same industry do better.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CNXC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNXC is lagging the market.
In the last month CNXC has a been trading in the 49.48 - 58.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CNXC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 50.46, a Stop Loss order could be placed below this zone.
More info and screens
47.84
58.47
2 important support areas can be observed.
- A support zone ranging from 50.09 to 50.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.32 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 54.66 to 55.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.95 to 57.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CNXC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNXC is neutral. |
| ChartMill Relative Strength | 20.95 | NEGATIVE | CNXC has a low relative strength, it was outperformed by 79.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNXC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNXC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNXC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.95 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests CNXC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.31 | NEUTRAL | The Stochastics value for CNXC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.03 | NEUTRAL | The ADX value for CNXC suggests a possible start of a new 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)
54.17
+0.09 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.17%
1 Week-2.62%
2 Weeks-4.33%
1 Month-5.86%
3 Month-4.88%
6 Month21.89%
12 Month-14.4%
2 Year-32.92%
3 Year-60.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%3.58%
ATR Inc2.78%
Range Today1.84
ADR(20)1.87
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.95
Mansfield-0.35
10 Day High58
10 Day Low49.48
20 Day High58
20 Day Low49.48
52 Week High77
52 Week Low36.28
CS1 End50.46
CR1 Start54.66
Volume & EV
DER(3)-0.75%
DER(5)-2.9%
Volume932.60K
Volume Incr87.94%
Vol(5)1.00M
Vol(50)604.45K