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Trend Tracker for Conmed CNMD

The data for Conmed (NASDAQ: CNMD) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CNMD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CNMD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CNMD too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for CNMD
  • Buy CNMD slightly over 92.11 target 109.54 stop loss @ 91.84 Details
  • The technical summary data tells us to buy CNMD near 92.11 with an upside target of 109.54. This data also tells us to set a stop loss @ 91.84 to protect against excessive loss in case the stock begins to move against the trade. 92.11 is the first level of support below 103.21 , and by rule, any test of support is a buy signal. In this case, support 92.11 would be being tested, so a buy signal would exist.

  • Short CNMD under 109.54, target 92.11, stop loss @ 109.86 Details
  • The technical summary data is suggesting a short of CNMD as it gets near 109.54 with a downside target of 92.11. We should have a stop loss in place at 109.86though. 109.54 is the first level of resistance above 103.21, and by rule, any test of resistance is a short signal. In this case, if resistance 109.54 is being tested, so a short signal would exist.

Swing Trading Plans for CNMD
  • Buy CNMD slightly over 109.54, target 127.88, Stop Loss @ 109.22 Details
  • If 109.54 begins to break higher, the technical summary data tells us to buy CNMD just slightly over 109.54, with an upside target of 127.88. The data also tells us to set a stop loss @ 109.22 in case the stock turns against the trade. 109.54 is the first level of resistance above 103.21, and by rule, any break above resistance is a buy signal. In this case, 109.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CNMD near 109.54, target 102.47, Stop Loss @ 109.86. Details
  • The technical summary data is suggesting a short of CNMD if it tests 109.54 with a downside target of 102.47. We should have a stop loss in place at 109.86 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 109.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CNMD
  • Buy CNMD slightly over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy CNMD just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 103.21, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CNMD near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of CNMD if it tests n/a with a downside target of n/a. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CNMD Ratings for August 16:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 92.11
P2 101.34 98.44 109.54
P3 103.90 102.47 127.88
Triggers may have already come
Support and Resistance Plot Chart for CNMD

CNMD Long Term Analysis for August 16 2022

Blue = Current Price
Red= Resistance
Green = Support

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