We assign a technical rating of 8 out of 10 to CNXA. CNXA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
CNXA is currently trading near the lower end of its 52 week range, which is not a good sign. CNXA is lagging the S&P500 Index which is trading in the middle of its 52 week range.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CNXA is part of the Leisure Products industry. There are 30 other stocks in this industry. CNXA outperforms 100% of them.
In the last month CNXA has a been trading in the 0.19 - 1.57 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CNXA has an average volume of 5138460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CNXA is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.