CNMD NEWS why is Conmed Corporation price falling or rising

CNMD NEWS reasons for why stock price of Conmed Corporation is falling or rising

CNMD Conmed Corporation is falling or rising technical reasons

Technical analysis forecast for Conmed Corporation Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Conmed Corporation CNMD at this time. Stock is falling and might fall more.

It appears as if Conmed Corporation CNMD gave a large move recently.

Stock of Conmed Corporation (CNMD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Conmed Corporation is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 68 as stoploss in an intra day buy trade for a target of 70.16. However, stock will show a bearish move below 68.

CNMD Conmed Corporation is falling or rising NEWS fundamental reasons

More announcements and NEWS

CNMD Conmed Corporation current price & indicator signals

Moving Averages for Conmed Corporation

  • 5Day Average: 68.29
  • 12Day Average: 69.23
  • 20Day Average: 70.74
  • 50Day Average: 70.67
  • 100Day Average: 70.48
  • 150Day Average: 70.18
  • 200Day Average: 71.13

CNMD Indicators & signals

Indicator MACD (12,26,9)

69.43, 70.43, -0.62
Indicator MACD is in negative zone

Indicator ADX (14)

6.8, 18.05, 20.68
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CNMD Conmed Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Mon Jan 2025 68.58 67.65 to 70.06 0.93% 0.89 times
03 Fri Jan 2025 67.95 65.83 to 68.22 0.89% 0.7 times
02 Thu Jan 2025 67.35 66.77 to 70.51 -1.59% 0.74 times
31 Tue Dec 2024 68.44 67.91 to 70.52 -1.01% 0.61 times
30 Mon Dec 2024 69.14 67.60 to 69.83 -2.1% 0.76 times
27 Fri Dec 2024 70.62 69.91 to 71.20 -0.86% 0.61 times
26 Thu Dec 2024 71.23 69.72 to 71.39 1.24% 0.8 times
24 Tue Dec 2024 70.36 67.80 to 70.46 1.71% 0.31 times
23 Mon Dec 2024 69.18 67.13 to 69.49 0.8% 0.89 times
20 Fri Dec 2024 68.63 68.15 to 71.49 -1.96% 3.35 times
19 Thu Dec 2024 70.00 68.77 to 70.82 0.98% 1.25 times
18 Wed Dec 2024 69.32 69.04 to 72.49 -2.68% 1.67 times

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