CENCORA INC (COR) Stock Technical Analysis
NYSE:COR - New York Stock Exchange, Inc. - US03073E1055 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to COR. Both in the recent history as in the last year, COR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that COR is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by COR over the past year are nicely spread over this period.
COR is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 103 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 281.57 - 302.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
COR has an average volume of 1582550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
COR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 295.18, a Stop Loss order could be placed below this zone.
More info and screens
220.37
307.64
We found 4 important support areas.
- A support zone ranging from 288.05 to 295.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 278.37 to 282.99. This zone is formed by a combination of multiple trend lines 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.
2 important resistance areas can be observed.
- Resistance @299.43 from a horizontal line in the weekly time frame.
- 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 | 71.66 | POSITIVE | COR has a high relative strength, it outperformed 71.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COR is above 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) | 54.92 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests COR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.06 | NEUTRAL | The Stochastics value for COR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for COR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.63 | NEGATIVE | The low ADX value for COR 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)
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 |
|---|---|---|---|
| 299.44 | 288.04 | 11.40 (3.81%) | 25.00% |
| An entry @299.44. This is a Buy Stop order right above the resistance zone. | An exit @288.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.40 points, which is 3.81%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
296.23
+5.06 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.74%
1 Week-0.12%
2 Weeks-0.18%
1 Month2.49%
3 Month6.41%
6 Month29.25%
12 Month33.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.7
ATR(20)%1.87%
ATR Inc24.5%
Range Today5.35
ADR(20)5.38
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.66
Mansfield0.76
10 Day High302.53
10 Day Low287.43
20 Day High302.53
20 Day Low281.57
52 Week High309.35
52 Week Low218.65
CS1 End295.18
CR1 Start299.43
Volume & EV
DER(3)1.98%
DER(5)1.59%
Volume614.90K
Volume Incr3.27%
Vol(5)1.47M
Vol(50)1.58M