COHERENT CORP (COHR) Stock Technical Analysis
USA - NYSE:COHR - US19247G1076 - Common Stock
Taking everything into account, COHR scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, COHR is only an average performer.
Although COHR has an excellent technical rating, it does not present a decent entry opportunity 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.
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48.77
When analyzing the support we can see 3 important areas.
- Support @120.16 from a trend line in the daily time frame.
- Support @105.25 from a trend line in the daily time frame.
- Support @49.26 from a horizontal line in the weekly 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 | 79.67 | POSITIVE | COHR has a high relative strength, it outperformed 79.67% 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) | 58.37 | NEUTRAL | The RSI value for COHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests COHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.47 | NEUTRAL | The Stochastics value for COHR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for COHR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.41 | NEUTRAL | The ADX value for COHR suggests a possible start of a new trend. |
128.7
-3.3 (-2.5%)
COHERENT CORP / COHR FAQ
What is the ChartMill technical rating of COHERENT CORP (COHR) stock?
ChartMill assigns a technical rating of 8 / 10 to COHR.
Can you provide the trend direction for COHERENT CORP?
The current trend direction for COHERENT CORP (COHR) is Bullish.
What is the RSI signal for COHR stock?
COHERENT CORP (COHR) has an RSI value of 58.3674. This indicates that the stock is currently neutral.
What is the short term momentum for COHR stock?
The short term momentum for COHERENT CORP (COHR) is positive.
Can you provide the buy/sell signal for COHERENT CORP?
The buy/sell signal for COHERENT CORP (COHR) is buy as both the short term and long term trends are positive.