COHERENT CORP - COHR 6 07/01/23 (IIVI) Stock Technical Analysis
NYSE:IIVI - New York Stock Exchange, Inc. - US19247G2066 - Currency: USD
Taking everything into account, IIVI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IIVI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
IIVI is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 97% of 124 stocks in the same industry.
IIVI 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 IIVI has a been trading in the 174.90 - 242.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IIVI is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IIVI has an excellent technical rating, the quality of the presented setup is not ideal 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
178.52
229.35
4 important support areas can be observed.
- A support zone ranging from 216.60 to 217.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 204.21 to 207.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @188.66 from a trend line in the weekly time frame.
- A support zone ranging from 180.32 to 180.56. This zone is formed by a combination of multiple trend lines and important moving averages 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 IIVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IIVI is up. |
| ChartMill Relative Strength | 99.05 | POSITIVE | IIVI has a high relative strength, it outperformed 99.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IIVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IIVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IIVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.01 | NEUTRAL | The RSI value for IIVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests IIVI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.23 | NEUTRAL | The Stochastics value for IIVI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for IIVI suggests high volalility. |
| Average Directional Index/ADX (14) | 41.62 | POSITIVE | The high ADX value value for IIVI 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)
COHERENT CORP - COHR 6 07/01/23
NYSE:IIVI (6/30/2023, 8:21:10 PM)
227.08
+11.82 (+5.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg5.49%
1 Week9.29%
2 Weeks1.83%
1 Month26.73%
3 Month29.77%
6 Month360.61%
12 Month219.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.8
ATR(20)%5.05%
ATR Inc2.35%
Range Today7.22
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.05
Mansfield10.9
10 Day High242.95
10 Day Low202.89
20 Day High242.95
20 Day Low174.9
52 Week High242.95
52 Week Low40.8
CS1 End217.03
CR1 StartN/A
Volume & EV
DER(3)-2.31%
DER(5)-0.78%
Volume247.10K
Volume Incr-32.22%
Vol(5)71.58K
Vol(50)53.80K