PC CONNECTION INC (CNXN) Technical Analysis
NASDAQ:CNXN • US69318J1007
Current stock price
CNXN Technical Rating and Analysis
Taking everything into account, CNXN scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 67% of all other stocks performed better in the past year than CNXN.
- CNXN is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 62% 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.
- In the last month CNXN has a been trading in the 55.87 - 62.12 range, which is quite wide. It is currently trading near the lows of this range.
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. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 56.25, a Stop Loss order could be placed below this zone.
More info and screens
CNXN Support and Resistance Analysis
55.26
When analyzing the support we notice one important area.
- 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 5 important areas.
- A resistance zone ranging from 57.24 to 57.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.97 to 60.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.72 to 62.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 67.03 to 67.28. 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 | DOWN | NEGATIVE | The short term trend for CNXN is down. |
| ChartMill Relative Strength | 33.45 | NEUTRAL | CNXN is not amongst the best or worst performers 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) | 40.04 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CNXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.9 | NEUTRAL | The Stochastics value for CNXN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.68 | POSITIVE | The high ADX value value for CNXN suggests a strong trend. |
CNXN Chart- and CandleStick Pattern Analysis
CNXN Technicals: Chart, Performance Metrics, Trend & Indicators
57.23
+0.09 (+0.16%)
PC CONNECTION INC / CNXN TA FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 0 / 10 to CNXN.
Can you provide the trend direction for PC CONNECTION INC?
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 40.0401. This indicates that the stock is currently neutral.
What is the MACD signal for CNXN stock?
The MACD indicator for PC CONNECTION INC (CNXN) has a value of -0.130058, indicating a bearish trend.
What are the support and resistance levels for PC CONNECTION INC (CNXN) stock?
PC CONNECTION INC (CNXN) has a support level at 56.25 and a resistance level at 57.24. Check the full technical report for our detailed analysis of CNXN support and resistance levels.