COHERENT CORP (COHR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
We assign a technical rating of 9 out of 10 to COHR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COHR is showing a nice and steady performance.
COHR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
130.34
We found 3 important support areas.
- A support zone ranging from 139.32 to 139.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @135.60 from a horizontal line in the daily time frame.
- Support @131.66 from a trend 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 | 94.78 | POSITIVE | COHR has a high relative strength, it outperformed 94.78% 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) | 60.54 | NEUTRAL | The RSI value for COHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests COHR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.92 | NEUTRAL | The Stochastics value for COHR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for COHR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for COHR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 156.18 | 139.31 | 16.87 (10.80%) | 9.26% |
| An entry @156.18. This is a Buy Stop order right above the 10 day high. | An exit @139.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 16.87 points, which is 10.80%. | When investing 9.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of COHR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+5.15 (+3.46%)
COHERENT CORP / COHR FAQ
What is the ChartMill technical rating of COHERENT CORP (COHR) stock?
ChartMill assigns a technical rating of 9 / 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 60.5424. 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.