We assign a technical rating of 0 out of 10 to CNXN. CNXN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CNXN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
56.61
We found 1 important support area.
- A support zone ranging from 57.18 to 57.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 58.74 to 58.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 60.50 to 60.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 62.49 to 62.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.57 to 65.78. 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.
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 | 20.69 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 79.31% 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) | 42.28 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CNXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.83 | NEUTRAL | The Stochastics value for CNXN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for CNXN suggests a strong trend. |
57.56
+1.58 (+2.82%)
PC CONNECTION INC / CNXN FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 0 / 10 to CNXN.
What is the trend direction for CNXN stock?
The current trend direction for PC CONNECTION INC (CNXN) is Bearish.
Can you provide the RSI signal for PC CONNECTION INC?
PC CONNECTION INC (CNXN) has an RSI value of 42.2761. This indicates that the stock is currently neutral.
What is the buy/sell signal for PC CONNECTION INC (CNXN) stock?
The buy/sell signal for PC CONNECTION INC (CNXN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CNXN stock?
PC CONNECTION INC (CNXN) has a support level at 57.55 and a resistance level at 58.74. Check the full technical report for our detailed analysis of CNXN support and resistance levels.