PC CONNECTION INC (CNXN) Stock Technical Analysis
USA - NASDAQ:CNXN - US69318J1007 - Common Stock
62.09 USD
+0.89 (+1.45%)
62.09 USD
0 (0%)
Overall CNXN gets a technical rating of 0 out of 10. CNXN 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CNXN is a bad performer in the overall market: 85% of all stocks are doing better.
CNXN is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 77% of 124 stocks in the same industry do better.
CNXN 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 CNXN has a been trading in the 60.84 - 67.12 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, CNXN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 62.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNXN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
58.30
76.66
2 important support areas can be observed.
- Support @61.17 from a horizontal line in the weekly time frame.
- A support zone ranging from 58.89 to 59.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 62.62 to 63.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.72 to 65.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 69.70 to 71.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @75.90 from a horizontal 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 CNXN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNXN is down. |
| ChartMill Relative Strength | 15.88 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 84.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNXN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNXN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.48 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests CNXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.21 | OVERSOLD | The low Stochastics value suggests CNXN may be oversold. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for CNXN 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)
62.09
+0.89 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.45%
1 Week-1.05%
2 Weeks-1.76%
1 Month-3.2%
3 Month-5.98%
6 Month0.26%
12 Month-17.5%
2 Year16.32%
3 Year37.7%
5 Year51.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%2.39%
ATR Inc-10.44%
Range Today1.38
ADR(20)1.45
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.88
Mansfield-1.6
10 Day High63.96
10 Day Low60.84
20 Day High67.12
20 Day Low60.84
52 Week High76.03
52 Week Low56.72
CS1 End61.17
CR1 Start62.62
Volume & EV
DER(3)3.29%
DER(5)1.74%
Volume86.20K
Volume Incr-30.52%
Vol(5)65.18K
Vol(50)83.66K