ENVOY MEDICAL INC (COCH) Stock Technical Analysis
NASDAQ:COCH • US29415V1098
Overall COCH gets a technical rating of 1 out of 10. COCH 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than COCH.
- COCH is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 65% are performing better than COCH.
- COCH 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month COCH has a been trading in the 0.36 - 0.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of COCH 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
0.67
When analyzing the support we notice one important area.
- A support zone ranging from 0.68 to 0.68. 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 0.70 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages 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 COCH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COCH is neutral. |
| ChartMill Relative Strength | 11.27 | NEGATIVE | COCH has a low relative strength, it was outperformed by 88.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of COCH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COCH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.88 | NEUTRAL | The RSI value for COCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests COCH has a positive trend. |
| Stochastics (14,3) | 47.19 | NEUTRAL | The Stochastics value for COCH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.23 | HIGH VOLATILITY | The high ATR as a percentage value for COCH suggests high volalility. |
| Average Directional Index/ADX (14) | 32.8 | POSITIVE | The high ADX value value for COCH suggests a strong trend. |
0.6889
+0.09 (+14.82%)
ENVOY MEDICAL INC / COCH FAQ
What is the technical rating for COCH stock?
ChartMill assigns a technical rating of 1 / 10 to COCH.
What is the current trend direction of ENVOY MEDICAL INC (COCH) stock?
The current trend direction for ENVOY MEDICAL INC (COCH) is Bearish.
What is the RSI signal for ENVOY MEDICAL INC (COCH) stock?
ENVOY MEDICAL INC (COCH) has an RSI value of 54.8804. This indicates that the stock is currently neutral.
What is the support and resistance level for COCH stock?
ENVOY MEDICAL INC (COCH) has a support level at 0.68 and a resistance level at 0.7. Check the full technical report for our detailed analysis of COCH support and resistance levels.