CONMED CORP (CNMD) Technical Analysis
NYSE:CNMD • US2074101013
Overall CNMD gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNMD was also a bad performer in the overall market in the last year.
- 82% of all other stocks performed better in the past year than CNMD.
- CNMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CNMD has a been trading in the 39.69 - 47.08 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CNMD is an average performer in the Health Care Equipment & Supplies industry, it outperforms 45% of 184 stocks in the same industry.
CNMD has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
40.99
We found 1 important resistance area.
- A resistance zone ranging from 45.88 to 46.07. 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 | NEUTRAL | NEUTRAL | The long term trend for CNMD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNMD is neutral. |
| ChartMill Relative Strength | 18.09 | NEGATIVE | CNMD has a low relative strength, it was outperformed by 81.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.96 | NEUTRAL | The RSI value for CNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests CNMD has a negative trend. |
| Stochastics (14,3) | 24.61 | NEUTRAL | The Stochastics value for CNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CNMD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for CNMD suggests a possible start of a new trend. |
CNMD Technicals: Chart, Performance Metrics, Trend & Indicators
41.4
-1.59 (-3.7%)
CONMED CORP / CNMD FAQ
What is the ChartMill technical rating of CONMED CORP (CNMD) stock?
ChartMill assigns a technical rating of 4 / 10 to CNMD.
Can you provide the trend direction for CONMED CORP?
The current trend direction for CONMED CORP (CNMD) is Bearish.
What is the RSI signal for CONMED CORP (CNMD) stock?
CONMED CORP (CNMD) has an RSI value of 40.9595. This indicates that the stock is currently neutral.
What is the MACD signal for CNMD stock?
The MACD indicator for CONMED CORP (CNMD) has a value of -0.300134, indicating a bearish trend.
What are the support and resistance levels for CONMED CORP (CNMD) stock?
CONMED CORP (CNMD) has a resistance level at 45.88. Check the full technical report for our detailed analysis of CNMD support and resistance levels.