CONNECTM TECHNOLOGY SOLUTION (CNTM) Stock Technical Analysis
NASDAQ:CNTM - Nasdaq - US2079441091 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CNTM. CNTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
When comparing the yearly performance of all stocks, CNTM is a bad performer in the overall market: 100% of all stocks are doing better.
CNTM is part of the Electrical Equipment industry. There are 97 other stocks in this industry, of which 89% are performing better than CNTM.
In the last month CNTM has a been trading in the 0.49 - 1.35 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
CNTM has an average volume of 4529180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNTM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNTM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.57
1.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.74 from a trend line in the weekly time frame.
- Resistance @0.79 from a trend line in the daily time frame.
- Resistance @0.92 from a trend line in the daily time frame.
- Resistance @1.26 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.75
10 Day Low0.53
20 Day High1.35
20 Day Low0.49
52 Week HighN/A
52 Week LowN/A
Performance
1 Week16.22%
2 Weeks14.52%
1 Month9.43%
3 Month-43.81%
6 Month-33.67%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)50.96
LBB0.52
UBB0.85
0.6799
+0.04 (+6.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg6.63%
1 Week16.22%
2 Weeks14.52%
1 Month9.43%
3 Month-43.81%
6 Month-33.67%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%21.52%
ATR Inc-61.58%
Range Today0.07
ADR(20)0.13
ADR(20)%18.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.75
10 Day Low0.53
20 Day High1.35
20 Day Low0.49
52 Week HighN/A
52 Week LowN/A
CS1 End0.65
CR1 Start0.69
Volume & EV
DER(3)4.69%
DER(5)1.92%
Volume1.87M
Volume Incr-80.8%
Vol(5)1.87M
Vol(50)4.53M