CONCENTRIX CORP (CNXC) Stock Technical Analysis
NASDAQ:CNXC - Nasdaq - US20602D1019 - Common Stock - Currency: USD
Taking everything into account, CNXC scores 7 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the performance of all stocks over the past year, CNXC turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
CNXC is an average performer in the IT Services industry, it outperforms 51% 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 currently trading near new highs, so CNXC is lagging the market.
In the last month CNXC has a been trading in the 49.48 - 61.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CNXC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
48.96
60.64
2 important support areas can be observed.
- A support zone ranging from 51.20 to 52.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.45 to 50.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 57.79 to 58.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.04 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 | NEUTRAL | NEUTRAL | The short term trend for CNXC is neutral. |
| ChartMill Relative Strength | 43.84 | NEUTRAL | CNXC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CNXC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CNXC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.8 | NEUTRAL | The Stochastics value for CNXC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for CNXC suggests a weak or negative 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)
57.53
+1.56 (+2.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.79%
1 Week-3.44%
2 Weeks1.32%
1 Month3.42%
3 Month21.55%
6 Month17.5%
12 Month-13.97%
2 Year-30.89%
3 Year-56.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.67
ATR(20)%4.57%
ATR Inc-34.86%
Range Today2.05
ADR(20)2.57
ADR(20)%4.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.84
Mansfield0.09
10 Day High61.43
10 Day Low54.76
20 Day High61.43
20 Day Low49.48
52 Week High77
52 Week Low36.28
CS1 End52
CR1 Start57.79
Volume & EV
DER(3)-0.7%
DER(5)-0.41%
Volume552.47K
Volume Incr-41.71%
Vol(5)550.45K
Vol(50)697.28K