Conformis Inc (CFMS) Stock Technical Analysis
NASDAQ:CFMS - Nasdaq - US20717E2000 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CFMS. Although CFMS has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Besides having an excellent technical rating, CFMS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.26, a Stop Loss order could be placed below this zone.
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2.21
When analyzing the support we notice one important area.
- A support zone ranging from 2.23 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.27 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CFMS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFMS is up. |
| ChartMill Relative Strength | 89.18 | POSITIVE | CFMS has a high relative strength, it outperformed 89.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CFMS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CFMS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CFMS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.02 | OVERBOUGHT | The high RSI value suggests CFMS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CFMS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CFMS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for CFMS suggests low volalility. |
| Average Directional Index/ADX (14) | 55.65 | POSITIVE | The high ADX value value for CFMS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.28 | 2.24 | 0.04 (1.75%) | 25.00% |
| An entry @2.28. This is a Buy Stop order right above the resistance zone. | An exit @2.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 1.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.26
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