CENCORA INC (COR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:COR - US03073E1055 - Common Stock
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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, COR did better than 85% 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 one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 102 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 1378850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month COR has a been trading in the 329.10 - 358.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, COR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 349.90, a Stop Loss order could be placed below this zone.
More info and screens
278.35
We found 5 important support areas.
- A support zone ranging from 335.31 to 349.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @319.90 from a trend line in the weekly time frame.
- 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 @281.16 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @353.64 from a trend line in the daily time frame.
- 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 | 85.12 | POSITIVE | COR has a high relative strength, it outperformed 85.12% 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) | 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) | 57.85 | NEUTRAL | The RSI value for COR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.7 | POSITIVE | The MACD value suggests COR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.29 | OVERBOUGHT | The high Stochastics value suggests COR may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for COR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.52 | 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 |
|---|---|---|---|
| 353.65 | 333.78 | 19.87 (5.62%) | 17.80% |
| An entry @353.65. This is a Buy Stop order right above the resistance zone. | An exit @333.78. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.87 points, which is 5.62%. | When investing 17.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
351.75
+1.08 (+0.31%)
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 57.845. 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 349.9 and a resistance level at 353.64. Check the full technical report for our detailed analysis of COR support and resistance levels.