PC CONNECTION INC (CNXN) Technical Analysis
NASDAQ:CNXN • US69318J1007
Current stock price
CNXN Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CNXN. Although CNXN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month CNXN has a been trading in the 56.55 - 65.26 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CNXN outperforms 54% of them, which is more or less in line with the market.
- CNXN is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 44% of 124 stocks in the same industry.
- 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 Weekly and Daily overview Charts
CNXN Setup Rating and Analysis
Besides having an excellent technical rating, CNXN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 66.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.11, a Stop Loss order could be placed below this zone.
More info and screens
CNXN Support and Resistance Analysis
55.26
We found 3 important support areas.
- A support zone ranging from 61.03 to 62.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.97 from a horizontal line in the daily time frame.
- 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 2 important areas.
- A resistance zone ranging from 66.25 to 67.92. 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 | UP | POSITIVE | The long term trend for CNXN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNXN is up. |
| ChartMill Relative Strength | 54.21 | NEUTRAL | CNXN is not amongst the best or worst performers 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 | MIXED | The current price of CNXN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.92 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CNXN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.25 | OVERBOUGHT | The high Stochastics value suggests CNXN may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.38 | NEUTRAL | The ADX value for CNXN suggests a possible start of a new trend. |
CNXN Chart- and CandleStick Pattern Analysis
CNXN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.27 | 62.12 | 3.15 (4.83%) | 20.72% |
| An entry @65.27. This is a Buy Stop order right above the 10 day high. | An exit @62.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.15 points, which is 4.83%. | When investing 20.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CNXN Technicals: Chart, Performance Metrics, Trend & Indicators
64.38
+0.11 (+0.17%)
PC CONNECTION INC / CNXN TA FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 7 / 10 to CNXN.
What is the current trend direction of PC CONNECTION INC (CNXN) stock?
The current trend direction for PC CONNECTION INC (CNXN) is Bullish.
What is the RSI signal for CNXN stock?
PC CONNECTION INC (CNXN) has an RSI value of 61.923. This indicates that the stock is currently neutral.
What is the buy/sell signal for CNXN stock?
The buy/sell signal for PC CONNECTION INC (CNXN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PC CONNECTION INC (CNXN) stock?
PC CONNECTION INC (CNXN) has a support level at 62.11 and a resistance level at 66.25. Check the full technical report for our detailed analysis of CNXN support and resistance levels.