CONCENTRIX CORP (CNXC) Stock Technical Analysis
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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CNXC has a been trading in the 49.32 - 57.94 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CNXC did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CNXC is part of the IT Services industry. There are 82 other stocks in this industry, CNXC did better than 60% of them.
CNXC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNXC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CNXC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
48.13
62.42
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.52 to 55.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.03 to 50.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.62 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 56.39 to 57.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.80 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 | UP | POSITIVE | The short term trend for CNXC is up. |
| ChartMill Relative Strength | 75.1 | POSITIVE | CNXC has a high relative strength, it outperformed 75.1% 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) | 58.25 | NEUTRAL | The RSI value for CNXC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNXC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.2 | NEUTRAL | The Stochastics value for CNXC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.99 | POSITIVE | The high ADX value value for CNXC suggests a strong 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)
55.965
-1.47 (-2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.57%
1 Week-0.42%
2 Weeks1.5%
1 Month10.54%
3 Month23.93%
6 Month24.51%
12 Month-8.75%
2 Year-36.19%
3 Year-63.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%2.69%
ATR Inc-23.59%
Range Today1.56
ADR(20)1.38
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.1
Mansfield0.08
10 Day High57.94
10 Day Low54.48
20 Day High57.94
20 Day Low49.32
52 Week High77
52 Week Low36.28
CS1 End55.7
CR1 Start56.39
Volume & EV
DER(3)0.68%
DER(5)0.85%
Volume745.70K
Volume Incr-8.13%
Vol(5)489.96K
Vol(50)896.68K