CENCORA INC (COR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:COR - US03073E1055 - Common Stock
339.66 USD
+2.03 (+0.6%)
340.41 USD
+0.75 (+0.22%)
Overall COR gets a technical rating of 8 out of 10. In the last year, COR was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month COR has a been trading in the 333.39 - 377.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that COR is one of the better performing stocks in the market, outperforming 88% 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 78% of 100 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.
COR has an average volume of 1420870 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.
Although COR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
271.15
378.51
We found 5 important support areas.
- A support zone ranging from 335.30 to 338.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 304.58 to 308.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 289.36 to 290.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @281.16 from a horizontal line in the daily time frame.
- Support @273.89 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 368.94 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 | DOWN | NEGATIVE | The short term trend for COR is down. |
| ChartMill Relative Strength | 88.4 | POSITIVE | COR has a high relative strength, it outperformed 88.4% 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 | 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) | 40.28 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.15 | NEGATIVE | The MACD value suggests COR has a negative trend. |
| Stochastics (14,3) | 9.38 | OVERSOLD | The low Stochastics value suggests COR may be oversold. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for COR suggests some volalility. |
| Average Directional Index/ADX (14) | 35.65 | POSITIVE | The high ADX value value for COR suggests a strong 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)
339.66
+2.03 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.6%
1 Week-7.93%
2 Weeks-6.19%
1 Month-5.71%
3 Month16.12%
6 Month17.55%
12 Month39.54%
2 Year65.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.68
ATR(20)%2.16%
ATR Inc-43.72%
Range Today4.81
ADR(20)7.33
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.4
3 months CRS86.28
6 months CRS76.84
Mansfield0.58
10 Day High377.54
10 Day Low333.39
20 Day High377.54
20 Day Low333.39
52 Week High377.54
52 Week Low223.92
CS1 End338.84
CR1 Start368.94
Volume & EV
DER(3)1.46%
DER(5)0.27%
Volume1.34M
Volume Incr20.54%
Vol(5)1.98M
Vol(50)1.42M
CENCORA INC / COR FAQ
What is the technical rating for COR stock?
ChartMill assigns a technical rating of 8 / 10 to COR.
Can you provide the trend direction for CENCORA INC?
The current trend direction for CENCORA INC (COR) is Bullish.
What is the RSI signal for CENCORA INC (COR) stock?
CENCORA INC (COR) has an RSI value of 40.2777. This indicates that the stock is currently neutral.
What is the short term momentum for COR stock?
The short term momentum for CENCORA INC (COR) is negative.
Can you provide the buy/sell signal for CENCORA INC?
The buy/sell signal for CENCORA INC (COR) is hold as the short term and long term trends are mixed.