We assign a technical rating of 3 out of 10 to COCH. Recently some decent action could be observed, but in the medium term time frame this is still negative. COCH was also a bad performer in the overall market in the last year.
COCH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.82, a Stop Loss order could be placed below this zone.
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0.79
When analyzing the support we notice one important area.
- A support zone ranging from 0.80 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.51 from a trend line in the daily time frame.
- Resistance @1.55 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for COCH is up. |
| ChartMill Relative Strength | 5.32 | NEGATIVE | COCH has a low relative strength, it was outperformed by 94.68% 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) | UP | POSITIVE | The current price of COCH is above the rising 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) | 54.94 | NEUTRAL | The RSI value for COCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests COCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.33 | OVERBOUGHT | The high Stochastics value suggests COCH may be overbought. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for COCH suggests high volalility. |
| Average Directional Index/ADX (14) | 18.65 | NEGATIVE | The low ADX value for COCH suggests a weak or negative trend. |
0.8334
-0.01 (-1.01%)
ENVOY MEDICAL INC / COCH FAQ
What is the technical rating for COCH stock?
ChartMill assigns a technical rating of 3 / 10 to COCH.
Can you provide the trend direction for ENVOY MEDICAL INC?
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 54.9353. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ENVOY MEDICAL INC?
The buy/sell signal for ENVOY MEDICAL INC (COCH) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for ENVOY MEDICAL INC (COCH) stock?
ENVOY MEDICAL INC (COCH) has a support level at 0.82 and a resistance level at 0.84. Check the full technical report for our detailed analysis of COCH support and resistance levels.