PC CONNECTION INC. - Daily - Technical analysis published on 02/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 47.09 USD
My targets
42.04 USD (-5.10%)
39.78 USD (-10.20%)
My analysis
In the short term, we can see an acceleration in the bearish trend on PC CONNECTION INC., which is a positive signal for sellers. As long as the price remains above 47.09 USD, a sale could be considered. The first bearish objective is located at 42.04 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 39.78 USD as an objective. Crossing it would then enable sellers to target 35.52 USD. If the price were to return above 47.09 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PC CONNECTION INC. rating 44.30 USD. The price has increased by +2.45% since the last closing and was between 42.88 USD and 44.31 USD. This implies that the price is at +3.31% from its lowest and at -0.02% from its highest.42.88
44.31
44.30
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of PC CONNECTION INC. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.52 | 39.78 | 42.04 | 44.30 | 47.09 | 49.56 | 51.62 |
| Change (%) | -19.82% | -10.20% | -5.10% | - | +6.30% | +11.87% | +16.52% |
| Change | -8.78 | -4.52 | -2.26 | - | +2.79 | +5.26 | +7.32 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.52 | 41.87 | 42.56 | 42.91 | 43.59 | 43.94 | 44.63 |
| Camarilla | 42.96 | 43.05 | 43.15 | 43.24 | 43.34 | 43.43 | 43.53 |
| Woodie | 41.69 | 41.96 | 42.72 | 42.99 | 43.76 | 44.03 | 44.79 |
| Fibonacci | 41.87 | 42.27 | 42.51 | 42.91 | 43.30 | 43.55 | 43.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.18 | 30.10 | 35.92 | 44.84 | 50.66 | 59.58 | 65.40 |
| Camarilla | 37.70 | 39.05 | 40.40 | 41.75 | 43.10 | 44.45 | 45.80 |
| Woodie | 19.64 | 29.33 | 34.38 | 44.07 | 49.12 | 58.81 | 63.86 |
| Fibonacci | 30.10 | 35.73 | 39.21 | 44.84 | 50.47 | 53.95 | 59.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.62 | 44.26 | 47.05 | 51.69 | 54.48 | 59.12 | 61.91 |
| Camarilla | 47.80 | 48.48 | 49.16 | 49.84 | 50.52 | 51.20 | 51.88 |
| Woodie | 38.70 | 43.80 | 46.13 | 51.23 | 53.56 | 58.66 | 60.99 |
| Fibonacci | 44.26 | 47.10 | 48.85 | 51.69 | 54.53 | 56.28 | 59.12 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.64 | |
| MACD (12,26,9): | -2.3200 | |
| Directional Movement: | -15.53 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 44.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.07 | |
| Elder Ray (13): | -1.84 | |
| Super Trend (3,10): | 48.94 | |
| Zig ZAG (10): | 44.30 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 30.19 | |
| TEMA (21): | 42.05 | |
| Williams %R (14): | -64.11 | |
| Chande Momentum Oscillator (20): | -7.61 | |
| Repulse (5,40,3): | 3.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4900 | |
| Courbe Coppock: | 33.66 |
| MA7: | 42.76 | |
| MA20: | 48.12 | |
| MA50: | 49.81 | |
| MA100: | 47.03 | |
| MAexp7: | 43.95 | |
| MAexp20: | 46.78 | |
| MAexp50: | 48.28 | |
| MAexp100: | 46.63 | |
| Price / MA7: | +3.60% | |
| Price / MA20: | -7.94% | |
| Price / MA50: | -11.06% | |
| Price / MA100: | -5.80% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | -5.30% | |
| Price / MAexp50: | -8.24% | |
| Price / MAexp100: | -5.00% |
News
The last news published on PC CONNECTION INC. at the time of the generation of this analysis was as follows:
- Connection (CNXN) Reports Fourth Quarter and Full Year Results
- PC Connection, Inc. (CNXN) to Release Fourth Quarter and Full-Year Results For 2019
- PC Connection and Dorian LPG Set to Join S&P SmallCap 600
- Connection (CNXN) Announces a Special Dividend to Shareholders
- PC Connection, Inc. (CNXN) to Release Third Quarter Results For 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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