Taking everything into account, CNXN scores 2 out of 10 in our technical rating. In the past year, CNXN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CNXN has a poor technical rating and the quality of the setup is also only medium 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
55.41
We found 2 important support areas.
- A support zone ranging from 57.55 to 60.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.97 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 61.65 to 62.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.56 to 66.35. 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 | UP | POSITIVE | The short term trend for CNXN is up. |
| ChartMill Relative Strength | 21.9 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNXN is above 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) | 57.21 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests CNXN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests CNXN may be overbought. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for CNXN suggests a possible start of a new trend. |
60.28
-1.01 (-1.65%)
PC CONNECTION INC / CNXN FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 2 / 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 57.2093. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for CNXN stock?
PC CONNECTION INC (CNXN) has a support level at 60.11 and a resistance level at 61.65. Check the full technical report for our detailed analysis of CNXN support and resistance levels.