CONCENTRA GROUP HOLDINGS PAR (CON) Stock Technical Analysis
USA - NYSE:CON - US20603L1026 - Common Stock
We assign a technical rating of 0 out of 10 to CON. CON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 19.23, a Stop Loss order could be placed below this zone.
More info and screens
19.04
When analyzing the support we notice one important area.
- Support @19.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.38 to 19.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.91 to 20.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.41 to 23.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for CON is down. |
| ChartMill Relative Strength | 21.6 | NEGATIVE | CON has a low relative strength, it was outperformed by 78.4% 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 | NEGATIVE | The current price of CON is below 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) | 39.66 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 39.16 | NEUTRAL | The Stochastics value for CON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CON suggests some volalility. |
| Average Directional Index/ADX (14) | 18.49 | NEGATIVE | The low ADX value for CON suggests a weak or negative trend. |
19.24
-0.18 (-0.93%)
CONCENTRA GROUP HOLDINGS PAR / CON FAQ
What is the technical rating for CON stock?
ChartMill assigns a technical rating of 0 / 10 to CON.
Can you provide the trend direction for CONCENTRA GROUP HOLDINGS PAR?
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 39.6634. This indicates that the stock is currently neutral.
What is the MACD signal for CONCENTRA GROUP HOLDINGS PAR (CON) stock?
The MACD indicator for CONCENTRA GROUP HOLDINGS PAR (CON) has a value of 0.0164361, indicating a bearish trend.
What is the buy/sell signal for CONCENTRA GROUP HOLDINGS PAR (CON) stock?
The buy/sell signal for CONCENTRA GROUP HOLDINGS PAR (CON) is sell as both the short term and long term trends are negative.