CENCORA INC (COR) Stock Technical Analysis
NYSE:COR • US03073E1055
Taking everything into account, COR scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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 80% of all 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 102 other stocks in this industry. COR outperforms 78% 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 near the high of this range.
- COR has an average volume of 1385590 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. 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 349.96, a Stop Loss order could be placed below this zone.
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281.11
When analyzing the support we can see 5 important areas.
- A support zone ranging from 346.81 to 349.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 324.89 to 335.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @304.58 from a horizontal line in the daily time frame.
- Support @291.17 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for COR is neutral. |
| ChartMill Relative Strength | 80.77 | POSITIVE | COR has a high relative strength, it outperformed 80.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of COR is above a declining 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 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests COR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.54 | NEUTRAL | The Stochastics value for COR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for COR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | 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 |
|---|---|---|---|
| 356.60 | 346.80 | 9.80 (2.75%) | 25.00% |
| An entry @356.60. This is a Buy Stop order right above the 10 day moving average. | An exit @346.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.80 points, which is 2.75%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of COR. Please evaluate whether better entry and exit points can be found.
- 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.
351.06
-14.64 (-4%)
CENCORA INC / COR FAQ
What is the technical rating for COR stock?
ChartMill assigns a technical rating of 8 / 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 49.0039. 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 neutral.
What are the support and resistance levels for CENCORA INC (COR) stock?
CENCORA INC (COR) has a support level at 349.96 and a resistance level at 365.45. Check the full technical report for our detailed analysis of COR support and resistance levels.