COHERENT CORP (COHR) Stock Technical Analysis
NYSE:COHR - New York Stock Exchange, Inc. - US19247G1076 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to COHR. In the last year, COHR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
In the last month COHR has a been trading in the 73.66 - 90.18 range, which is quite wide. It is currently trading near the high of this range.
COHR has an average volume of 3138590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, COHR did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
COHR is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 62% of 125 stocks in the same industry.
COHR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COHR is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although COHR has an excellent technical rating, it 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
48.77
90.78
We found 4 important support areas.
- A support zone ranging from 81.27 to 83.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.93 to 75.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.01 from a trend line in the weekly time frame.
- Support @49.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @89.88 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 | UP | POSITIVE | The long term trend for COHR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COHR is up. |
| ChartMill Relative Strength | 86.98 | POSITIVE | COHR has a high relative strength, it outperformed 86.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COHR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COHR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COHR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.09 | NEUTRAL | The RSI value for COHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests COHR has a positive trend. |
| Stochastics (14,3) | 89.75 | OVERBOUGHT | The high Stochastics value suggests COHR may be overbought. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for COHR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for COHR suggests a weak or negative 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)
87.23
-2.65 (-2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.95%
1 Week7.43%
2 Weeks7.76%
1 Month9.7%
3 Month32.71%
6 Month-10.06%
12 Month20.38%
2 Year71.11%
3 Year-67.44%
5 Year-31.78%
10 Year45.38%
15 Year131.81%
Volatility
ATR(14)3.49
ATR(20)%4.15%
ATR Inc33.99%
Range Today3.77
ADR(20)3.38
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.98
Mansfield-0.09
10 Day High90.18
10 Day Low76.88
20 Day High90.18
20 Day Low73.66
52 Week High113.6
52 Week Low45.58
CS1 End83.35
CR1 Start89.88
Volume & EV
DER(3)1.06%
DER(5)0.9%
Volume4.58M
Volume Incr50.81%
Vol(5)4.15M
Vol(50)3.14M