CENCORA INC (COR) Stock Technical Analysis
NYSE:COR • US03073E1055
Overall COR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, COR did better than 80% of all other stocks. We also observe that the gains produced by COR over the past year are nicely spread over this period.
- COR is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. COR outperforms 76% of them.
- 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 328.01 - 374.89 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 1274010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, COR also presents 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 365.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 360.05, a Stop Loss order could be placed below this zone.
More info and screens
281.11
3 important support areas can be observed.
- A support zone ranging from 348.81 to 360.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 326.55 to 335.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @283.95 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 365.45 to 374.76. 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 COR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COR is up. |
| ChartMill Relative Strength | 80.28 | POSITIVE | COR has a high relative strength, it outperformed 80.28% 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) | 54.33 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests COR has a positive trend. |
| Stochastics (14,3) | 68.54 | NEUTRAL | The Stochastics value for COR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for COR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for COR suggests a weak or negative 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 |
|---|---|---|---|
| 374.77 | 348.80 | 25.97 (6.93%) | 14.43% |
| An entry @374.77. This is a Buy Stop order right above the resistance zone. | An exit @348.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 25.97 points, which is 6.93%. | For a 1.00% total portfolio risk, you can invest 14.43% 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.
361.08
+1.97 (+0.55%)
CENCORA INC / COR FAQ
What is the technical rating for COR stock?
ChartMill assigns a technical rating of 10 / 10 to COR.
What is the trend direction for COR stock?
The current trend direction for CENCORA INC (COR) is Bullish.
What is the RSI signal for COR stock?
CENCORA INC (COR) has an RSI value of 54.3336. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CENCORA INC?
The short term momentum for CENCORA INC (COR) is positive.
What are the support and resistance levels for CENCORA INC (COR) stock?
CENCORA INC (COR) has a support level at 360.05 and a resistance level at 365.45. Check the full technical report for our detailed analysis of COR support and resistance levels.