CENCORA INC (COR) Stock Technical Analysis
NYSE:COR - New York Stock Exchange, Inc. - US03073E1055 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to COR. 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.
Looking at the yearly performance, COR did better than 70% 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 103 other stocks in this industry. COR outperforms 82% 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.
COR has an average volume of 1276470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month COR has a been trading in a tight range between 289.03 and 303.18.
Although the technical rating is only medium, COR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 290.35, 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 288.79 to 290.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @281.16 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.
- A resistance zone ranging from 292.78 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 | DOWN | NEGATIVE | The short term trend for COR is down. |
| ChartMill Relative Strength | 70.75 | POSITIVE | COR has a high relative strength, it outperformed 70.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COR is below 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) | 43.98 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests COR has a negative trend. |
| Stochastics (14,3) | 14.34 | OVERSOLD | The low Stochastics value suggests COR may be oversold. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for COR suggests low volalility. |
| Average Directional Index/ADX (14) | 9.69 | 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 |
|---|---|---|---|
| 293.68 | 289.39 | 4.29 (1.46%) | 25.00% |
| An entry @293.68. This is a Buy Stop order right above the 10 day moving average. | An exit @289.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.29 points, which is 1.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- 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.
290.36
-0.09 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.03%
1 Week-0.86%
2 Weeks-1.64%
1 Month-2.1%
3 Month1.56%
6 Month16.85%
12 Month27.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.72
ATR(20)%1.83%
ATR Inc-12.69%
Range Today3.75
ADR(20)5.25
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.75
Mansfield0.28
10 Day High298.44
10 Day Low289.4
20 Day High303.18
20 Day Low289.03
52 Week High309.35
52 Week Low218.65
CS1 End290.35
CR1 Start292.78
Volume & EV
DER(3)0.63%
DER(5)-0.05%
Volume785.20K
Volume Incr-35.98%
Vol(5)856.38K
Vol(50)1.28M