CONCENTRA GROUP HOLDINGS PAR (CON) Stock Technical Analysis
NYSE:CON - New York Stock Exchange, Inc. - US20603L1026 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CON. CON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CON is a bad performer in the overall market: 100% of all stocks are doing better.
CON is one of the lesser performing stocks in the Health Care Providers & Services industry. 93% of 102 stocks in the same industry do better.
In the last month CON has a been trading in the 21.02 - 22.93 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Although the technical rating is bad, CON does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CON in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
19.10
23.84
3 important support areas can be observed.
- A support zone ranging from 21.11 to 21.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.73 from a trend line in the weekly time frame.
- A support zone ranging from 19.29 to 19.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.53 to 21.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.54 to 22.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.35 to 23.60. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CON is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CON has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CON is below a declining 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) | 45.71 | NEUTRAL | The RSI value for CON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CON has a negative trend. |
| Stochastics (14,3) | 51.41 | NEUTRAL | The Stochastics value for CON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CON suggests some volalility. |
| Average Directional Index/ADX (14) | 7.36 | NEGATIVE | The low ADX value for CON suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.45
-0.34 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.56%
1 Week-2.63%
2 Weeks-0.83%
1 Month-6%
3 Month3.17%
6 Month4.63%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%2.01%
ATR Inc-1.03%
Range Today0.32
ADR(20)0.39
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High22.3
10 Day Low21.2
20 Day High22.93
20 Day Low21.02
52 Week HighN/A
52 Week LowN/A
CS1 End21.41
CR1 Start21.53
Volume & EV
DER(3)3.61%
DER(5)1.62%
Volume546.90K
Volume Incr16.56%
Vol(5)612.00K
Vol(50)648.03K