COHERENT CORP (COHR) Stock Technical Analysis
NYSE:COHR • US19247G1076
Taking everything into account, COHR scores 10 out of 10 in our technical rating. 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. On top of that, COHR also shows a nice and consistent pattern of rising prices.
- COHR is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. COHR outperforms 94% of them.
- COHR is currently making a new 52 week high. This is a strong signal. 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 175.24 - 255.00 range, which is quite wide. It is currently trading near the high of this range.
- COHR has an average volume of 4870130 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.
Besides having an excellent technical rating, COHR 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. We notice that large players showed an interest for COHR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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141.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 216.09 to 217.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 208.34 to 208.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @142.98 from a trend 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 | 98.19 | POSITIVE | COHR has a high relative strength, it outperformed 98.19% 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) | 66.47 | NEUTRAL | The RSI value for COHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests COHR has a positive trend. |
| Stochastics (14,3) | 88.79 | OVERBOUGHT | The high Stochastics value suggests COHR may be overbought. |
| Average True Range in percent/ATR (20) | 7.98 | HIGH VOLATILITY | The high ATR as a percentage value for COHR suggests high volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for COHR suggests a weak or negative 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 |
|---|---|---|---|
| 255.01 | 216.08 | 38.93 (15.27%) | 6.55% |
| An entry @255.01. This is a Buy Stop order right above the 10 day high. | An exit @216.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 38.93 points, which is 15.27%. | For a 1.00% total portfolio risk, you can invest 6.55% of your capital in this trade. |
- 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.
248.89
+0.71 (+0.29%)
COHERENT CORP / COHR 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 current trend direction of COHERENT CORP (COHR) stock?
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 66.4688. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COHERENT CORP?
The MACD indicator for COHERENT CORP (COHR) has a value of 1.43011, indicating a bullish trend.
What is the support and resistance level for COHR stock?
COHERENT CORP (COHR) has a support level at 217.22. Check the full technical report for our detailed analysis of COHR support and resistance levels.