CONVATEC GROUP PLC (CTEC.L) Stock Technical Analysis
LON:CTEC - London Stock Exchange, The - GB00BD3VFW73 - Common Stock - Currency: GBX
Overall CTEC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTEC is only an average performer.
The long and short term trends are both positive. This is looking good!
CTEC is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CTEC slightly outperforms the market at the moment.
In the last month CTEC has a been trading in the 229.60 - 266.10 range, which is quite wide. It is currently trading near the high of this range.
CTEC has an average volume of 2124510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CTEC outperforms 57% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CTEC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 262.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 261.33, a Stop Loss order could be placed below this zone.
More info and screens
217.60
267.86
We found 5 important support areas.
- A support zone ranging from 252.06 to 261.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @247.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 235.02 to 235.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 229.60 to 231.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 219.80 to 220.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 262.50 to 265.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.41
Mansfield0.86
10 Day High265
10 Day Low251.2
20 Day High266.1
20 Day Low229.6
52 Week High270.4
52 Week Low211.8
Performance
1 Week2.02%
2 Weeks1.55%
1 Month1%
3 Month6.07%
6 Month21.63%
12 Month1%
2 Year29.19%
3 Year21.02%
5 Year28.31%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.16
RSI(14)59.04
LBB244.08
UBB267.32
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 |
|---|---|---|---|
| 265.22 | 252.05 | 13.17 (4.97%) | 20.14% |
| An entry @265.22. This is a Buy Stop order right above the resistance zone. | An exit @252.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.17 points, which is 4.97%. | For a 1.00% total portfolio risk, you can invest 20.14% of your capital in this trade. |
- 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.
LON:CTEC (5/2/2025, 5:35:30 PM)
262
+2.1 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.81%
1 Week2.02%
2 Weeks1.55%
1 Month1%
3 Month6.07%
6 Month21.63%
12 Month1%
2 Year29.19%
3 Year21.02%
5 Year28.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.04
ATR(20)%3.06%
ATR Inc-29.27%
Range Today4
ADR(20)6.71
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.41
Mansfield0.86
10 Day High265
10 Day Low251.2
20 Day High266.1
20 Day Low229.6
52 Week High270.4
52 Week Low211.8
CS1 End261.33
CR1 Start262.5
Volume & EV
DER(3)-9.93%
DER(5)-9.23%
Volume1.33M
Volume Incr-56.27%
Vol(5)1.14M
Vol(50)2.12M