CONCENTRA GROUP HOLDINGS PAR (CON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CON - US20603L1026 - Common Stock
We assign a technical rating of 1 out of 10 to CON. CON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CON does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 19.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.04
When analyzing the support we notice one important area.
- A support zone ranging from 19.23 to 19.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 20.91 to 21.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.52 from a horizontal line in the weekly time frame.
- Resistance @24.45 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 | DOWN | NEGATIVE | The long term trend for CON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CON is neutral. |
| ChartMill Relative Strength | 31.52 | NEUTRAL | CON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.77 | NEUTRAL | The RSI value for CON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CON has a positive trend. |
| Stochastics (14,3) | 57.64 | NEUTRAL | The Stochastics value for CON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CON suggests some volalility. |
| Average Directional Index/ADX (14) | 11.27 | NEGATIVE | The low ADX value for CON suggests a weak or negative trend. |
19.9
-0.01 (-0.05%)
CONCENTRA GROUP HOLDINGS PAR / CON FAQ
What is the technical rating for CON stock?
ChartMill assigns a technical rating of 1 / 10 to CON.
What is the current trend direction of CONCENTRA GROUP HOLDINGS PAR (CON) stock?
The current trend direction for CONCENTRA GROUP HOLDINGS PAR (CON) is Bearish.
Can you provide the RSI signal for CONCENTRA GROUP HOLDINGS PAR?
CONCENTRA GROUP HOLDINGS PAR (CON) has an RSI value of 51.7749. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONCENTRA GROUP HOLDINGS PAR?
The MACD indicator for CONCENTRA GROUP HOLDINGS PAR (CON) has a value of 0.0221756, indicating a bearish trend.
What is the short term momentum for CON stock?
The short term momentum for CONCENTRA GROUP HOLDINGS PAR (CON) is neutral.