CONCENTRIX CORP (CNXC) Stock Technical Analysis
USA - NASDAQ:CNXC - US20602D1019 - Common Stock
Taking everything into account, CNXC scores 0 out of 10 in our technical rating. CNXC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
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34.08
4 important resistance areas can be observed.
- A resistance zone ranging from 42.02 to 42.64. 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 47.51 to 48.26. 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 52.45 to 53.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.55 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for CNXC is down. |
| ChartMill Relative Strength | 13.89 | NEGATIVE | CNXC has a low relative strength, it was outperformed by 86.11% 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) | DOWN | NEGATIVE | The current price of CNXC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 16.57 | OVERSOLD | The low RSI value suggests CNXC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests CNXC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.89 | OVERSOLD | The low Stochastics value suggests CNXC may be oversold. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 43.75 | POSITIVE | The high ADX value value for CNXC suggests a strong trend. |
34.42
-0.09 (-0.26%)
CONCENTRIX CORP / CNXC FAQ
What is the ChartMill technical rating of CONCENTRIX CORP (CNXC) stock?
ChartMill assigns a technical rating of 0 / 10 to CNXC.
What is the current trend direction of CONCENTRIX CORP (CNXC) stock?
The current trend direction for CONCENTRIX CORP (CNXC) is Bearish.
Can you provide the RSI signal for CONCENTRIX CORP?
CONCENTRIX CORP (CNXC) has an RSI value of 16.5709. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CONCENTRIX CORP?
The MACD indicator for CONCENTRIX CORP (CNXC) has a value of -0.774888, indicating a bearish trend.
What are the support and resistance levels for CONCENTRIX CORP (CNXC) stock?
CONCENTRIX CORP (CNXC) has a resistance level at 42.02. Check the full technical report for our detailed analysis of CNXC support and resistance levels.