COHERENT CORP (COHR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
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.
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. There is a support zone below the current price at 178.33, a Stop Loss order could be placed below this zone.
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153.29
3 important support areas can be observed.
- A support zone ranging from 177.35 to 178.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @170.43 from a horizontal line in the daily time frame.
- A support zone ranging from 154.84 to 156.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 96.6 | POSITIVE | COHR has a high relative strength, it outperformed 96.6% 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) | 65.25 | NEUTRAL | The RSI value for COHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests COHR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.29 | NEUTRAL | The Stochastics value for COHR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for COHR suggests high volalility. |
| Average Directional Index/ADX (14) | 33.4 | POSITIVE | The high ADX value value for COHR suggests a strong 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 |
|---|---|---|---|
| 200.20 | 177.34 | 22.86 (11.42%) | 8.76% |
| An entry @200.20. This is a Buy Stop order right above the 10 day high. | An exit @177.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 22.86 points, which is 11.42%. | For a 1.00% total portfolio risk, you can invest 8.76% 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.
191.87
+0.89 (+0.47%)
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.
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 65.2501. 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.