CONVATEC GROUP PLC (CTEC.L) Stock Technical Analysis
LON:CTEC - GB00BD3VFW73 - Common Stock
239 GBX
-0.8 (-0.33%)
Taking everything into account, CTEC scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CTEC is a bad performer in the overall market: 84% of all stocks are doing better.
CTEC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CTEC has a been trading in the 226.80 - 249.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CTEC has an average volume of 2887770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTEC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 242.81. Right above this resistance zone may be a good entry point.
More info and screens
211.26
292.29
3 important support areas can be observed.
- Support @225.40 from a trend line in the weekly time frame.
- Support @219.80 from a horizontal line in the daily time frame.
- A support zone ranging from 213.39 to 214.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 242.81 to 246.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @289.40 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for CTEC.L is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTEC.L is neutral. |
| ChartMill Relative Strength | 16.55 | NEGATIVE | CTEC.L has a low relative strength, it was outperformed by 83.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTEC.L is above the rising 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) | DOWN | NEGATIVE | The current price of CTEC.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.65 | NEUTRAL | The RSI value for CTEC.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.4 | POSITIVE | The MACD value suggests CTEC.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.39 | NEUTRAL | The Stochastics value for CTEC.L is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for CTEC.L suggests low volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for CTEC.L suggests a possible start of a new 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 (9/5/2025, 5:36:15 PM)
239
-0.8 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.33%
1 Week1.1%
2 Weeks-1.57%
1 Month4.14%
3 Month-19.15%
6 Month-9.88%
12 Month2.75%
2 Year9.63%
3 Year16.47%
5 Year34.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.19
ATR(20)%1.95%
ATR Inc-3.24%
Range Today4.2
ADR(20)4.36
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.55
Mansfield-1.13
10 Day High244
10 Day Low232
20 Day High249.6
20 Day Low226.8
52 Week High311
52 Week Low211.8
CS1 End225.4
CR1 Start242.81
Volume & EV
DER(3)-12.51%
DER(5)-13.49%
Volume2.07M
Volume Incr-15.4%
Vol(5)2.27M
Vol(50)2.89M