PC CONNECTION INC (CNXN) Stock Technical Analysis
NASDAQ:CNXN • US69318J1007
Taking everything into account, CNXN scores 4 out of 10 in our technical rating. CNXN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, CNXN is a bad performer in the overall market: 64% of all stocks are doing better.
- CNXN is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 65% are performing better than CNXN.
- In the last month CNXN has a been trading in the 58.15 - 68.88 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 only a medium 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 60.94, a Stop Loss order could be placed below this zone.
More info and screens
55.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 60.02 to 60.94. 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 56.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 67.10 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.
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 | NEUTRAL | NEUTRAL | The short term trend for CNXN is neutral. |
| ChartMill Relative Strength | 36.49 | NEUTRAL | CNXN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNXN is below 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) | 49.66 | NEUTRAL | The RSI value for CNXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests CNXN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.64 | OVERSOLD | The low Stochastics value suggests CNXN may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CNXN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for CNXN suggests a weak or negative trend. |
61.12
+0.17 (+0.28%)
PC CONNECTION INC / CNXN FAQ
Can you provide the ChartMill technical rating for PC CONNECTION INC?
ChartMill assigns a technical rating of 4 / 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 49.6593. 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 -0.392372, 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 60.94 and a resistance level at 67.1. Check the full technical report for our detailed analysis of CNXN support and resistance levels.