PC CONNECTION INC (CNXN) Technical Analysis
NASDAQ:CNXN • US69318J1007
Current stock price
CNXN Technical Rating and Analysis
Overall CNXN gets a technical rating of 3 out of 10. CNXN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- CNXN is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 61% of 124 stocks in the same industry do better.
- CNXN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNXN is lagging the market.
- When compared to the yearly performance of all other stocks, CNXN outperforms 44% of them, which is more or less in line with the market.
- In the last month CNXN has a been trading in the 55.87 - 61.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNXN Weekly and Daily overview Charts
CNXN Setup Rating and Analysis
CNXN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.97, a Stop Loss order could be placed below this zone.
More info and screens
CNXN Support and Resistance Analysis
55.26
We found 2 important support areas.
- A support zone ranging from 58.26 to 58.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.82 to 56.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @61.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 67.03 to 67.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.70 from a horizontal line in the weekly time frame.
CNXN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for CNXN is neutral. |
| ChartMill Relative Strength | 44.25 | NEUTRAL | CNXN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNXN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNXN is below the rising 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) | 51.73 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CNXN has a positive trend. |
| Stochastics (14,3) | 69.62 | NEUTRAL | The Stochastics value for CNXN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.34 | NEUTRAL | The ADX value for CNXN suggests a possible start of a new trend. |
CNXN Chart- and CandleStick Pattern Analysis
CNXN Technicals: Chart, Performance Metrics, Trend & Indicators
59.6
-0.38 (-0.63%)
PC CONNECTION INC / CNXN TA FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 3 / 10 to CNXN.
What is the current trend direction of PC CONNECTION INC (CNXN) stock?
The current trend direction for PC CONNECTION INC (CNXN) is Bearish.
What is the RSI signal for CNXN stock?
PC CONNECTION INC (CNXN) has an RSI value of 51.7297. This indicates that the stock is currently neutral.
What is the support and resistance level for CNXN stock?
PC CONNECTION INC (CNXN) has a support level at 58.97 and a resistance level at 61.72. Check the full technical report for our detailed analysis of CNXN support and resistance levels.