CONCENTRIX CORP (CNXC) Stock Technical Analysis
NASDAQ:CNXC - Nasdaq - US20602D1019 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CNXC. Although CNXC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month CNXC has a been trading in the 49.02 - 57.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CNXC is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CNXC is an average performer in the IT Services industry, it outperforms 62% of 82 stocks in the same industry.
CNXC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNXC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CNXC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 56.04, a Stop Loss order could be placed below this zone.
More info and screens
48.13
62.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.91 to 56.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.78 to 50.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.62 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @57.06 from a horizontal line in the weekly time frame.
- Resistance @61.94 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 | UP | POSITIVE | The long term trend for CNXC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNXC is up. |
| ChartMill Relative Strength | 79.56 | POSITIVE | CNXC has a high relative strength, it outperformed 79.56% 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) | 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) | 64.8 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CNXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.95 | OVERBOUGHT | The high Stochastics value suggests CNXC may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.11 | POSITIVE | The high ADX value value for CNXC 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.07 | 54.90 | 2.17 (3.80%) | 25.00% |
| An entry @57.07. This is a Buy Stop order right above the resistance zone. | An exit @54.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.17 points, which is 3.80%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CNXC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
57.05
-0.49 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.85%
1 Week1.62%
2 Weeks3.41%
1 Month10.86%
3 Month26.33%
6 Month26.92%
12 Month-6.98%
2 Year-34.95%
3 Year-63.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%2.83%
ATR Inc-2.65%
Range Today1.19
ADR(20)1.48
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.56
Mansfield0.3
10 Day High57.94
10 Day Low54.3
20 Day High57.94
20 Day Low49.02
52 Week High77
52 Week Low36.28
CS1 End56.04
CR1 Start57.06
Volume & EV
DER(3)0.56%
DER(5)-0.46%
Volume429.90K
Volume Incr-17.53%
Vol(5)455.78K
Vol(50)906.19K