Conformis Inc (CFMS) Technical Analysis
NASDAQ:CFMS • US20717E2000
Current stock price
CFMS Technical Rating and Analysis
Taking everything into account, CFMS scores 7 out of 10 in our technical rating. 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.
- CFMS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CFMS is lagging the market.
- CFMS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 188 stocks in the same industry.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, CFMS did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CFMS has a been trading in a tight range between 2.23 and 2.27.
- Considerably lower volume is observed in the last couple of days.
CFMS Weekly and Daily overview Charts
CFMS Setup Rating and Analysis
CFMS has an excellent technical rating and 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.
More info and screens
CFMS Support and Resistance Analysis
2.21
We found 1 important support 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.
We found 1 important resistance 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.
CFMS Technical Indicator Signal Analysis
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. |
CFMS Chart- and CandleStick Pattern Analysis
CFMS Example Setup
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 trade has a worst case loss of 0.04 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CFMS Technicals: Chart, Performance Metrics, Trend & Indicators
2.26
0 (0%)
Conformis Inc / CFMS TA FAQ
Can you provide the ChartMill technical rating for Conformis Inc?
ChartMill assigns a technical rating of 6 / 10 to CFMS.
What is the trend direction for CFMS stock?
The current trend direction for Conformis Inc (CFMS) is Bearish.
What is the RSI signal for Conformis Inc (CFMS) stock?
Conformis Inc (CFMS) has an RSI value of 74.0164. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Conformis Inc?
The short term momentum for Conformis Inc (CFMS) is positive.
Can you provide the buy/sell signal for Conformis Inc?
The buy/sell signal for Conformis Inc (CFMS) is hold as the short term and long term trends are mixed.