CONCENTRA GROUP HOLDINGS PAR (CON) Stock Technical Analysis
NYSE:CON • US20603L1026
Overall CON gets a technical rating of 8 out of 10. Although CON is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CON is lagging the market slightly.
- CON is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, CON outperforms 61% of them, which is more or less in line with the market.
- CON is an average performer in the Health Care Providers & Services industry, it outperforms 67% of 101 stocks in the same industry.
Besides having an excellent technical rating, CON also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.52, a Stop Loss order could be placed below this zone.
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19.04
5 important support areas can be observed.
- A support zone ranging from 23.43 to 23.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.26 to 21.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.02 from a trend line in the daily time frame.
- Support @19.63 from a horizontal line in the weekly time frame.
- Support @19.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.70 to 24.45. 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 CON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CON is up. |
| ChartMill Relative Strength | 61.74 | 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) | UP | POSITIVE | The current price of CON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.26 | NEUTRAL | The RSI value for CON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CON has a negative trend. |
| Stochastics (14,3) | 70.41 | NEUTRAL | The Stochastics value for CON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CON suggests some volalility. |
| Average Directional Index/ADX (14) | 38.96 | POSITIVE | The high ADX value value for CON 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 |
|---|---|---|---|
| 24.46 | 23.42 | 1.04 (4.25%) | 23.52% |
| An entry @24.46. This is a Buy Stop order right above the resistance zone. | An exit @23.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.04 points, which is 4.25%. | When investing 23.52% 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 CON. 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.
23.67
-0.16 (-0.67%)
CONCENTRA GROUP HOLDINGS PAR / CON FAQ
What is the technical rating for CON stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for CONCENTRA GROUP HOLDINGS PAR?
CONCENTRA GROUP HOLDINGS PAR (CON) has an RSI value of 64.2633. 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 -0.0283047, indicating a bearish trend.
What is the short term momentum for CON stock?
The short term momentum for CONCENTRA GROUP HOLDINGS PAR (CON) is positive.