Taking everything into account, CNXC scores 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 75% of all other stocks performed better in the past year than CNXC.
- 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 36.00 - 44.78 range, which is quite wide. It is currently trading near the lows of this range.
- CNXC is one of the better performing stocks in the IT Services industry, it outperforms 71% of 88 stocks in the same industry.
- CNXC has an average volume of 1125800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNXC has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
36.44
We found 1 important support area.
- Support @36.81 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 39.30 to 39.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @41.96 from a trend line in the daily time frame.
- Resistance @51.80 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 | 25.61 | NEGATIVE | CNXC has a low relative strength, it was outperformed by 74.39% 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 | MIXED | The current price of CNXC is below the rising 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) | 43.48 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests CNXC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.78 | NEUTRAL | The Stochastics value for CNXC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for CNXC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for CNXC suggests a strong trend. |
37.46
-1.25 (-3.23%)
CONCENTRIX CORP / CNXC FAQ
What is the ChartMill technical rating of CONCENTRIX CORP (CNXC) stock?
ChartMill assigns a technical rating of 1 / 10 to CNXC.
Can you provide the trend direction for CONCENTRIX CORP?
The current trend direction for CONCENTRIX CORP (CNXC) is Bearish.
What is the RSI signal for CONCENTRIX CORP (CNXC) stock?
CONCENTRIX CORP (CNXC) has an RSI value of 43.4751. This indicates that the stock is currently neutral.
What is the MACD signal for CONCENTRIX CORP (CNXC) stock?
The MACD indicator for CONCENTRIX CORP (CNXC) has a value of -0.50165, indicating a bearish trend.
What is the support and resistance level for CNXC stock?
CONCENTRIX CORP (CNXC) has a support level at 36.81 and a resistance level at 39.3. Check the full technical report for our detailed analysis of CNXC support and resistance levels.