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 66.2 as stoploss in an intra day buy trade for a target of 70.34. However, stock will show a bearish move below 66.2.

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: 67.42
  • 12Day Average: 68.9
  • 20Day Average: 71.9
  • 50Day Average: 71.78
  • 100Day Average: 75.97
  • 150Day Average: 85.59
  • 200Day Average: 89.13

CNMD Indicators & signals

Indicator MACD (12,26,9)

69.05, 70.98, -1.4
Indicator MACD is in negative zone

Indicator ADX (14)

25, 15.57, 25.94
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
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
27 Thu Jun 2024 67.50 66.77 to 67.88 0.07% 0.47 times
26 Wed Jun 2024 67.45 66.27 to 67.62 0.79% 0.49 times
25 Tue Jun 2024 66.92 66.62 to 68.90 -1.79% 0.65 times
24 Mon Jun 2024 68.14 67.52 to 69.88 1.55% 0.89 times
21 Fri Jun 2024 67.10 66.82 to 67.68 -0.1% 1.45 times
20 Thu Jun 2024 67.17 66.53 to 68.19 -0.46% 0.95 times
18 Tue Jun 2024 67.48 66.28 to 70.28 0% 1.55 times
18 Tue Jun 2024 67.48 66.28 to 70.28 -4.12% 1.55 times
17 Mon Jun 2024 70.38 69.78 to 71.19 -1.03% 1.03 times
14 Fri Jun 2024 71.11 70.90 to 72.23 -2.38% 0.67 times
13 Thu Jun 2024 72.84 72.09 to 73.89 -0.56% 0.76 times
12 Wed Jun 2024 73.25 73.17 to 76.20 -1.44% 0.68 times

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