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Previous Hold Today CONN ranks #1724 as HOLD CANDIDATE. Next Hold
Today CONN ranks #1724 as HOLD CANDIDATE.

CONN stock Conn

CONN stock
Conn

April 22, 2019
Change -3.58%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will CONN stock price go up or down on Tue, 23 Apr 2019?

Conn Forecast and Stock Analysis

Technical CONN stock analysis for April 22, 2019.

Hold candidate since 2019-04-22
Shorts n/a
Cash n/a
Loans n/a
Beta 2.20
ROA 4.06

Conn fell by -3.58% in the last day from $25.15 to $24.25 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days , but is still down by -1.66% for this period. Volume has increased in the last day by 151 207 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 437 373 shares bought and sold for approximately $10.61 million.

Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the CONN stock was $24.25. This is 3.58% less than the trading day before Thursday, 18th Apr 2019.

During day the stock fluctuated 6.79% from a day low at $23.56 to a day high of $25.16.

30 day high of the CONN stock price was $25.93 and low was $21.32.
90 day high was $25.93 and low was $18.12.
52 week high for the Conn - $42.65 and low - $17.00.

Trend

Conn lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $23.95 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.86% during the next 3 months and, with 90% probability hold a price between $30.38 and $34.20 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday April 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Conn holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $25.04. On a fall, the stock will find some support from the long-term average at approximately $23.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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A buy signal from a double bottom formation was found on Friday April 12, 2019 and based on theory for this formation the price should go up by 1.25% to $25.84 within 3 trading days since signal was issued (Wednesday April 17, 2019).

Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $20.94 and $20.79.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Conn finds support just below today's level at $20.94. If this is broken, then the next support from accumulated volume will be at $20.79 and $20.35.

Support: $20.94 Price: $24.25 Resistance: $24.63

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.60 (6.79%) between high and low. For the last week, the stock has had a daily average volatility of 3.54%.

Our recommended stoploss: $22.97 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Conn holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today CONN ranks #1724 as HOLD CANDIDATE. Next Hold
Today CONN ranks #1724 as HOLD CANDIDATE.