CENCORA INC (COR) Stock Technical Analysis
NYSE:COR - New York Stock Exchange, Inc. - US03073E1055 - Common Stock - Currency: USD
Overall COR gets a technical rating of 5 out of 10. COR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
COR is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 73% of 104 stocks in the same industry.
COR 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 COR is lagging the market slightly.
In the last month COR has a been trading in the 273.43 - 297.63 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
COR has an average volume of 1260740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, COR turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
COR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 292.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 289.58, a Stop Loss order could be placed below this zone.
More info and screens
220.37
307.64
We found 3 important support areas.
- A support zone ranging from 278.39 to 289.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @273.89 from a horizontal line in the daily time frame.
- Support @222.60 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 292.46 to 299.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 304.58 to 304.59. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for COR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COR is neutral. |
| ChartMill Relative Strength | 69 | NEUTRAL | COR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.52 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests COR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.79 | NEUTRAL | The Stochastics value for COR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for COR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.61 | NEUTRAL | The ADX value for COR suggests a possible start of a new 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)
290.35
-2.47 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.84%
1 Week-0.12%
2 Weeks-1.12%
1 Month-0.79%
3 Month-0.68%
6 Month20.26%
12 Month22.13%
2 Year64.99%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.69
ATR(20)%2.37%
ATR Inc-35.23%
Range Today5.36
ADR(20)6.58
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69
Mansfield0.15
10 Day High297.63
10 Day Low273.43
20 Day High297.63
20 Day Low273.43
52 Week High309.35
52 Week Low218.65
CS1 End289.58
CR1 Start292.46
Volume & EV
DER(3)-0.17%
DER(5)0.93%
Volume1.19M
Volume Incr20.12%
Vol(5)1.38M
Vol(50)1.26M