PC CONNECTION INC (CNXN) Stock Technical Analysis
NASDAQ:CNXN - Nasdaq - US69318J1007 - Common Stock - Currency: USD
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.
In the last month CNXN has a been trading in the 64.69 - 71.17 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, CNXN turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
CNXN is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, CNXN did better than 53% of them.
CNXN is currently trading in the middle 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 slightly.
The technical rating of CNXN is bad and it also does not present a quality setup 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 2 important support areas.
- A support zone ranging from 63.65 to 64.13. 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 58.89 to 60.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 70.12 to 70.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @72.56 from a trend line in the daily time frame.
- A resistance zone ranging from 74.22 to 75.90. 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 | NEUTRAL | NEUTRAL | The long term trend for CNXN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNXN is down. |
| ChartMill Relative Strength | 47.57 | 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) | UP | POSITIVE | The current price of CNXN is above 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) | 45.7 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests CNXN has a negative trend. |
| Stochastics (14,3) | 6.76 | OVERSOLD | The low Stochastics value suggests CNXN may be oversold. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.84 | 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)
65.4
-0.13 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.2%
1 Week-2.23%
2 Weeks-7.02%
1 Month-1.49%
3 Month2.51%
6 Month-9.89%
12 Month-3.31%
2 Year45.43%
3 Year46.28%
5 Year51.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.3
ATR(20)%2.12%
ATR Inc-38.85%
Range Today0.9
ADR(20)1.27
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.57
Mansfield-0.69
10 Day High70.27
10 Day Low64.69
20 Day High71.17
20 Day Low64.69
52 Week High77.19
52 Week Low56.82
CS1 End64.13
CR1 Start70.12
Volume & EV
DER(3)0.54%
DER(5)0.73%
Volume135.00K
Volume Incr5.61%
Vol(5)93.12K
Vol(50)122.54K