CONMED CORP (CNMD) Stock Technical Analysis
NYSE:CNMD - New York Stock Exchange, Inc. - US2074101013 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CNMD. CNMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CNMD is a bad performer in the overall market: 78% of all stocks are doing better.
CNMD 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 CNMD is lagging the market.
CNMD is an average performer in the Health Care Equipment & Supplies industry, it outperforms 54% of 189 stocks in the same industry.
In the last month CNMD has a been trading in the 48.39 - 61.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of CNMD is bad and it also does not present a 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
54.85
77.20
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 56.03 to 57.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.84 to 60.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @66.77 from a trend line in the weekly time frame.
- Resistance @68.35 from a trend line in the daily time frame.
- A resistance zone ranging from 76.25 to 76.44. 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 CNMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNMD is neutral. |
| ChartMill Relative Strength | 22.18 | NEGATIVE | CNMD has a low relative strength, it was outperformed by 77.82% 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) | DOWN | NEGATIVE | The current price of CNMD is below a declining 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) | 46.12 | NEUTRAL | The RSI value for CNMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CNMD has a negative trend. |
| Stochastics (14,3) | 23.65 | NEUTRAL | The Stochastics value for CNMD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CNMD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.55 | NEUTRAL | The ADX value for CNMD suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
55.4
-0.66 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.18%
1 Week-8.11%
2 Weeks-2.94%
1 Month9.25%
3 Month-9.37%
6 Month-26.04%
12 Month-25.21%
2 Year-54.33%
3 Year-52.36%
5 Year-24.53%
10 Year-0.25%
15 Year184.98%
Volatility
ATR(14)1.95
ATR(20)%4.32%
ATR Inc-27.87%
Range Today1.15
ADR(20)1.94
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.18
Mansfield-1.84
10 Day High61.08
10 Day Low54.77
20 Day High61.08
20 Day Low48.39
52 Week High78.58
52 Week Low46
CS1 EndN/A
CR1 Start56.03
Volume & EV
DER(3)-1.86%
DER(5)-0.21%
Volume332.60K
Volume Incr-41.6%
Vol(5)294.40K
Vol(50)489.75K