CONVATEC GROUP PLC (CTEC.L) Stock Technical Analysis
LON:CTEC - London Exchange - GB00BD3VFW73 - Common Stock - Currency: GBX
We assign a technical rating of 0 out of 10 to CTEC. CTEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CTEC is a bad performer in the overall market: 68% of all stocks are doing better.
CTEC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CTEC has an average volume of 2262050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CTEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTEC is lagging the market.
CTEC has a poor technical rating and the quality of the setup is also 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.
More info and screens
221.47
298.57
4 important support areas can be observed.
- A support zone ranging from 255.40 to 258.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @243.50 from a trend line in the daily time frame.
- Support @235.20 from a horizontal line in the daily time frame.
- Support @223.71 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 261.21 to 263.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @289.40 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 295.60 to 295.61. 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 | NEUTRAL | NEUTRAL | The long term trend for CTEC.L is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTEC.L is down. |
| ChartMill Relative Strength | 32.47 | NEUTRAL | CTEC.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTEC.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTEC.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTEC.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.06 | NEUTRAL | The RSI value for CTEC.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.26 | NEGATIVE | The MACD value suggests CTEC.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for CTEC.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CTEC.L suggests some volalility. |
| Average Directional Index/ADX (14) | 36.82 | POSITIVE | The high ADX value value for CTEC.L 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)
LON:CTEC (7/14/2025, 5:35:15 PM)
259
-1 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.38%
1 Week-1.67%
2 Weeks-10.19%
1 Month-10.07%
3 Month1.93%
6 Month7.11%
12 Month3.93%
2 Year24.4%
3 Year13.6%
5 Year26.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.58
ATR(20)%2.47%
ATR Inc-46.05%
Range Today2.6
ADR(20)5.97
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.47
Mansfield-0.26
10 Day High288.6
10 Day Low250.4
20 Day High294
20 Day Low250.4
52 Week High311
52 Week Low211.8
CS1 End258.99
CR1 Start261.21
Volume & EV
DER(3)7.67%
DER(5)3.83%
Volume1.34M
Volume Incr-18.4%
Vol(5)1.85M
Vol(50)2.26M