tradethepoolpool ads

How Stock Traders Daily uses Price Action in Conmed $CNMD to Define Opportunity and Risk

Both opportunity and risk assessments can be drawn from looking at the price action in Conmed (NASDAQ: CNMD).   This is a practice commonly referred to as reading the charts.  The summary data for CNMD below demonstrates this, and there are trading plans that help investors understand how to utilize the data too.  This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 103.41
P2 119.72 120.77 114.28
P3 123.05 126.45 125.62
Triggers may have already come
Support and Resistance Plot Chart for CNMD

Long Term Trading Plans for CNMD

March 6, 2021, 12:45 pm ET

The Technical Summary and Trading Plans for CNMD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CNMD Report.

CNMD - (Long) Support Plan

The technical summary data tells us to buy CNMD near 114.28 with an upside target of 125.62. This data also tells us to set a stop loss @ 113.95 to protect against excessive loss in case the stock begins to move against the trade. 114.28 is the first level of support below 123.72 , and by rule, any test of support is a buy signal. In this case, support 114.28 is being tested, a buy signal would exist.

CNMD - (Short) Resistance Plan

The technical summary data is suggesting a short of CNMD as it gets near 125.62 with a downside target of 114.28. We should have a stop loss in place at 125.98though. 125.62 is the first level of resistance above 123.72, and by rule, any test of resistance is a short signal. In this case, if resistance 125.62 is being tested, a short signal would exist.


CNMD Long Term Analysis for March 6 2021

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial


CNMD EPS Analysis for March 6 2021

CNMD Dividend Chart for March 6 2021

CNMD Revenue chart for March 6 2021

CNMD Growth rate - Quarterly for March 6 2021

CNMD Growth rate - Yearly for March 6 2021

CNMD PE chart for March 6 2021

CNMD PEG chart for March 6 2021