CONCENTRA GROUP HOLDINGS PAR (CON) Technical Analysis
NYSE:CON • US20603L1026
Overall CON gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CON is only an average performer.
- The long and short term trends are both positive. This is looking good!
- 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 comparing the yearly performance of all stocks, we notice that CON is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- CON is an average performer in the Health Care Providers & Services industry, it outperforms 69% of 101 stocks in the same industry.
CON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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 can see 4 important areas.
- A support zone ranging from 23.39 to 23.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.18 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.
We found 1 important resistance area.
- A resistance zone ranging from 23.57 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 | 72.68 | POSITIVE | CON has a high relative strength, it outperformed 72.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CON is below 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) | 56.17 | NEUTRAL | The RSI value for CON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CON has a negative trend. |
| Stochastics (14,3) | 39.15 | NEUTRAL | The Stochastics value for CON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CON suggests some volalility. |
| Average Directional Index/ADX (14) | 37.39 | 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 |
|---|---|---|---|
| 23.58 | 23.38 | 0.20 (0.84%) | 25.00% |
| An entry @23.58. This is a Buy Stop order right above the 10 day moving average. | An exit @23.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 0.84%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CON Technicals: Chart, Performance Metrics, Trend & Indicators
23.45
-0.11 (-0.47%)
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 56.1661. 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 -0.129312, 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.