COHERENT CORP (COHR) Technical Analysis
NYSE:COHR • US19247G1076
Current stock price
COHR Technical Rating and Analysis
Overall COHR gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that COHR is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by COHR over the past year are nicely spread over this period.
- COHR is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 95% of 124 stocks in the same industry.
- COHR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month COHR has a been trading in the 215.55 - 362.54 range, which is quite wide. It is currently trading near the high of this range.
- COHR has an average volume of 7595510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
COHR Weekly and Daily overview Charts
COHR Setup Rating and Analysis
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
COHR Support and Resistance Analysis
221.75
When analyzing the support we can see 3 important areas.
- Support @244.18 from a trend line in the weekly time frame.
- Support @234.74 from a trend line in the daily time frame.
- Support @223.99 from a trend line in the daily time frame.
COHR Technical Indicator Signal Analysis
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 | 98.94 | POSITIVE | COHR has a high relative strength, it outperformed 98.94% 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) | 71.14 | OVERBOUGHT | The high RSI value suggests COHR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.5 | POSITIVE | The MACD value suggests COHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.94 | OVERBOUGHT | The high Stochastics value suggests COHR may be overbought. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for COHR suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for COHR suggests a possible start of a new trend. |
COHR Chart- and CandleStick Pattern Analysis
COHR Technicals: Chart, Performance Metrics, Trend & Indicators
343.79
-3.72 (-1.07%)
COHERENT CORP / COHR TA FAQ
What is the ChartMill technical rating of COHERENT CORP (COHR) stock?
ChartMill assigns a technical rating of 10 / 10 to COHR.
What is the trend direction for COHR stock?
The current trend direction for COHERENT CORP (COHR) is Bullish.
What is the RSI signal for COHERENT CORP (COHR) stock?
COHERENT CORP (COHR) has an RSI value of 71.1369. This indicates that the stock is currently overbought.
What is the buy/sell signal for COHERENT CORP (COHR) stock?
The buy/sell signal for COHERENT CORP (COHR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for COHERENT CORP (COHR) stock?
COHERENT CORP (COHR) has a support level at 244.18. Check the full technical report for our detailed analysis of COHR support and resistance levels.