We assign a technical rating of 2 out of 10 to CNXN. In the past year, CNXN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 71% 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. 61% of 123 stocks in the same industry do better.
- CNXN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CNXN has a been trading in the 55.51 - 60.38 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
Although the technical rating is bad, CNXN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.88. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
55.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.11 to 58.57. 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 55.82 to 56.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 58.88 to 59.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.63 from a trend line in the daily time frame.
- Resistance @62.70 from a horizontal line in the daily time frame.
- 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 | 29.04 | NEGATIVE | CNXN has a low relative strength, it was outperformed by 70.96% 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) | 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) | 52.2 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CNXN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.57 | OVERBOUGHT | The high Stochastics value suggests CNXN may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for CNXN suggests a weak or negative trend. |
58.79
-1.27 (-2.11%)
PC CONNECTION INC / CNXN FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 2 / 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 52.2003. 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 0.217977, 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 58.57 and a resistance level at 58.88. Check the full technical report for our detailed analysis of CNXN support and resistance levels.