Taking everything into account, CNXN scores 1 out of 10 in our technical rating. 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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 61.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.44, a Stop Loss order could be placed below this zone.
More info and screens
55.41
2 important support areas can be observed.
- A support zone ranging from 58.92 to 59.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @55.97 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 61.09 to 62.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 65.57 to 66.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 23.53 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 76.47% 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) | 51.64 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CNXN has a negative trend. |
| Stochastics (14,3) | 39.26 | NEUTRAL | The Stochastics value for CNXN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.92 | NEGATIVE | The low ADX value for CNXN suggests a weak or negative trend. |
59.66
+0.11 (+0.18%)
PC CONNECTION INC / CNXN FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 1 / 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 51.6427. This indicates that the stock is currently neutral.
What are the support and resistance levels for PC CONNECTION INC (CNXN) stock?
PC CONNECTION INC (CNXN) has a support level at 59.44 and a resistance level at 61.09. Check the full technical report for our detailed analysis of CNXN support and resistance levels.