COR Technical Analysis - CENCORA INC

Technical Rating and Analysis

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.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that COR is one of the better performing stocks in the market, outperforming 83% 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 79% of 101 stocks in the same industry.

COR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month COR has a been trading in the 285.75 - 315.23 range, which is quite wide. It is currently trading near the high of this range.

COR has an average volume of 1458560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

COR has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

220.37

314.89

2 important support areas can be observed.

A support zone ranging from 278.39 to 301.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @222.60 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	83.39	POSITIVE	COR has a high relative strength, it outperformed 83.39% 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)	62.59	NEUTRAL	The RSI value for COR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.88	POSITIVE	The MACD value suggests COR has a positive trend.
Stochastics (14,3)	93.19	OVERBOUGHT	The high Stochastics value suggests COR may be overbought.
Average True Range in percent/ATR (20)	2.34	MEDIUM VOLATILITY	The ATR as a percentage value for COR suggests some volalility.
Average Directional Index/ADX (14)	10.94	NEGATIVE	The low ADX value for COR suggests a weak or negative trend.