CONX Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

CONX Corp (CONX.O) Moving Averages Convergence Divergence (MACD) indicator is -0.24, suggesting CONX.O is Strong buy.

CONX Corp (CONX.O) 20-Day simple moving average is 10.40, while CONX Corp (CONX.O) share price is $16.785, making it Buy.

CONX Corp (CONX.O) 60-Day simple moving average is 10.55, while CONX Corp (CONX.O) share price is $16.785, making it Buy.

Technical Analysis for CONX

Technical Sentiment Analysis for CONX Corp (CONX) As of 2024-05-03, CONX Corp (CONX) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 18 technical signals, shows that 12 indicators are flashing buy, while 6 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CONX stands at 9.58, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.24, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 17.24 and the Commodity Channel Index (CCI) at -441.73 further confirm a -1.80 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CONX is trading above its 60-day moving average of $10.55 and above its 200-day long-term moving average of $10.41. Key price levels to watch include the immediate resistance at $9.21 and strong support at $8.37. A break above $9.21 could signal a bull continuation, while falling below $8.37 may test the next Fibonacci floor at $7.94.

CONX Corp (CONX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	7.53	7.94	8.37	8.78	9.21	9.62	10.05
Fibonacci	7.94	8.26	8.46	8.78	9.10	9.30	9.62

CONX Corp (CONX) Technical Indicators

2024-05-03

Name	Value
RSI_14	9.58
STOCHk_14_3_3	17.24
STOCHd_14_3_3	22.69
CCI_20	-441.73
AO_5_34	-0.47
MOM_10	-1.80
MACD_12_26_9	-0.24

CONX Corp (CONX) Relative Strength Index (RSI) is 9.58, creating a Buy signal.

CONX Corp (CONX) Stochastic Oscillator is 17.24, creating a Buy signal.

CONX Corp (CONX) Stochastic RSI is 22.69, creating a Neutral signal.

CONX Corp (CONX) Commodity Channel Index (CCI) is -441.73, creating a Buy signal.

CONX Corp (CONX) Awesome Oscillator is -0.47, creating a Sell signal.

CONX Corp (CONX) Momentum is -1.80, creating a Sell signal.

CONX Corp (CONX) MACD is -0.24, creating a Sell signal.

CONX Corp (CONX) Moving Average

2024-05-03

Period	Simple	Signal
MA_5	9.92	Buy
MA_10	10.25	Buy
MA_20	10.40	Buy
MA_60	10.55	Buy
MA_200	10.41	Buy
MA_250	10.34	Buy

CONX Corp (CONX) 5-Day simple moving average is 9.92, while CONX Corp (CONX) share price is $16.785, making it a Buy.

CONX Corp (CONX) 10-Day simple moving average is 10.25, while CONX Corp (CONX) share price is $16.785, making it a Buy.

CONX Corp (CONX) 20-Day simple moving average is 10.40, while CONX Corp (CONX) share price is $16.785, making it a Buy.

CONX Corp (CONX) 60-Day simple moving average is 10.55, while CONX Corp (CONX) share price is $16.785, making it a Buy.

CONX Corp (CONX) 200-Day simple moving average is 10.41, while CONX Corp (CONX) share price is $16.785, making it a Buy.

CONX Corp (CONX) 250-Day simple moving average is 10.34, while CONX Corp (CONX) share price is $16.785, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for CONX?

The overall technical consensus for CONX Corp (CONX) is currently . This rating is derived from a combined analysis of moving averages and oscillators, currently showing 6 buy signals and 6 sell signals.

What are the key support and resistance levels for CONX Corp (CONX) today?

Based on pivot point calculations, CONX Corp (CONX) has an immediate support level at 8.37 and a major resistance level at 9.21. Traders also monitor the pivot point at 8.78 to determine the intraday trend direction.

Is CONX Corp (CONX) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for CONX Corp (CONX) is currently 9.58. This indicates that the stock is in oversold territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for CONX Corp (CONX)?

CONX Corp (CONX) Moving Averages Convergence Divergence (MACD) indicator is -0.24, suggesting CONX is Strong buy. This indicator helps identify potential trend reversals or momentum shifts for CONX Corp.

How is CONX Corp (CONX) performing relative to its 200-day moving average?

CONX Corp (CONX)is currently trading at $16.785, which is above its 200-day simple moving average of 10.41. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.