PC CONNECTION INC (CNXN) Stock Technical Analysis
NASDAQ:CNXN - US69318J1007 - Common Stock
65.56 USD
-0.79 (-1.19%)
65.56 USD
0 (0%)
Overall CNXN gets a technical rating of 4 out of 10. In the last year, CNXN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
76% of all other stocks performed better in the past year than CNXN.
CNXN is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 66% are performing better than CNXN.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CNXN has a been trading in the 59.86 - 67.12 range, which is quite wide. It is currently trading near the high of this range.
CNXN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNXN is lagging the market.
CNXN has an average technical rating and also the quality of the setup is 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
58.30
76.66
We found 3 important support areas.
- A support zone ranging from 63.51 to 64.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.17 to 61.81. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 65.69 to 65.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @67.19 from a trend line in the daily time frame.
- A resistance zone ranging from 70.64 to 71.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.22 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for CNXN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNXN is up. |
| ChartMill Relative Strength | 24.6 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 75.4% 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) | 58.12 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests CNXN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.93 | 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) | 16.3 | 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)
65.56
-0.79 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.19%
1 Week2.21%
2 Weeks6.22%
1 Month9.08%
3 Month0.55%
6 Month2.95%
12 Month-5.21%
2 Year22.82%
3 Year45.4%
5 Year59.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.5
ATR(20)%2.27%
ATR Inc49.6%
Range Today1.94
ADR(20)1.38
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.6
Mansfield-1.1
10 Day High67.12
10 Day Low62.11
20 Day High67.12
20 Day Low59.86
52 Week High77.19
52 Week Low56.72
CS1 End64.55
CR1 Start65.69
Volume & EV
DER(3)0.55%
DER(5)0.9%
Volume65.70K
Volume Incr-0.49%
Vol(5)84.16K
Vol(50)76.70K