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.
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.
48.13
When analyzing the support we can see 3 important areas.
We can see 2 important resistance areas.
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. |
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. |
57.05
-0.49 (-0.85%)