CNXC Technical Analysis - CONCENTRIX CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to CNXC. CNXC'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CNXC is a bad performer in the overall market: 85% of all stocks are doing better.

CNXC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CNXC has a been trading in the 42.99 - 57.88 range, which is quite wide. It is currently trading near the lows of this range.

CNXC is an average performer in the IT Services industry, it outperforms 44% of 86 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

CONCENTRIX CORP / CNXC Weekly stock chart

CONCENTRIX CORP / CNXC Daily stock chart

Setup Rating and Analysis

The technical rating of CNXC is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

44.42

60.32

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 48.27 to 48.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 54.65 to 54.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @56.80 from a trend line in the weekly time frame.
Resistance @59.72 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for CNXC is down.
ChartMill Relative Strength	15.7	NEGATIVE	CNXC has a low relative strength, it was outperformed by 84.3% 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)	DOWN	NEGATIVE	The current price of CNXC is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CNXC is below the rising SMA(200).
Relative Strength Index/RSI (14)	34.15	NEUTRAL	The RSI value for CNXC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.44	NEGATIVE	The MACD value suggests CNXC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.63	OVERSOLD	The low Stochastics value suggests CNXC may be oversold.
Average True Range in percent/ATR (20)	5.32	HIGH VOLATILITY	The high ATR as a percentage value for CNXC suggests high volalility.
Average Directional Index/ADX (14)	34.94	POSITIVE	The high ADX value value for CNXC suggests a strong trend.