Technical Analysis for CNMD - CONMED Corporation

Grade Last Price % Change Price Change
F 61.98 -11.47% -8.03
CNMD closed down 1.82 percent on Wednesday, April 24, 2024, on 2.45 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -11.47%
New Downtrend Bearish -11.47%
New 52 Week Low Weakness -11.47%
Earnings Movers Other -11.47%
Multiple of Ten Bullish Other -11.47%
Down 3 Days in a Row Weakness -11.47%
Oversold Stochastic Weakness -11.47%
Outside Day Range Expansion -13.08%
Oversold Stochastic Weakness -13.08%
Stochastic Buy Signal Bullish -14.64%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 3 hours ago
2x Volume Pace about 6 hours ago
1.5x Volume Pace about 6 hours ago
3x Volume Pace about 6 hours ago
5x Volume Pace about 6 hours ago

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Profile

CONMED Corporation Description

CONMED Corporation provides surgical devices and equipment for minimally invasive procedures and monitoring. It offers arthroscopy products, including powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, metal and bioabsorbable implants, and related disposable products and fluid management systems; video endoscopy products for use in multi-specialty clinical environments; powered surgical instruments used to perform orthopedic, arthroscopic, and other surgical procedures; and electrosurgery products comprising pencils, ground pads, active electrodes, generators, coagulation systems, and smoke evacuation and vessel sealing systems used to cut and coagulate tissue and small vessels. The company also provides patient care products comprising vital signs and cardiac monitoring products, including pulse oximetry equipment and sensors, ECG electrodes and cables, cardiac defibrillation and pacing pads, and blood pressure cuffs; surgical suction instruments and tubing products; and IV products used in critical care areas. In addition, it offers endosurgical products, such as clip appliers, laparoscopic instruments, dilating trocars, suction/irrigation instruments and accessories, laparoscopic scissors, dissectors and graspers, active electrodes, insufflation needles, linear cutters, and staplers for use in laparoscopic surgery. Further, the company provides endoscopic technology products comprising mucosal management devices, forceps, scope management accessories, bronchoscopy devices, dilatation, stricture management devices, hemostasis, biliary devices, and polypectomy for gastrointestinal endoscopy and pulmonology. Its products are used by surgeons and physicians in orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. The company has operations in the United States, Canada, the United Kingdom, Japan, Australia, and internationally. CONMED Corporation was founded in 1970 and is headquartered in Utica, New York.


Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Medicine Clinical Medicine Metals Medical Equipment Gastrointestinal Irrigation Technology Products Medical Device Gastroenterology Polyp Disposable Products Neurosurgery Disposable Product Surgical Products Minimally Invasive Procedure Orthopedics Endoscopy Coagulation Digestive System Surgery Fluid Management General Surgery Pulmonology Cardiac Monitoring Coagulation System Hemostasis Oab Arthroscopy Electrosurgery Laparoscopy Pulse Oximetry Surgical Instruments Trocar Defibrillation Electrosurgery Products Endoscopy Products Surgical Devices

Is CNMD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 137.541
52 Week Low 69.78
Average Volume 485,423
200-Day Moving Average 99.10
50-Day Moving Average 78.85
20-Day Moving Average 76.14
10-Day Moving Average 73.38
Average True Range 2.28
RSI (14) 32.43
ADX 25.21
+DI 14.61
-DI 32.97
Chandelier Exit (Long, 3 ATRs) 74.38
Chandelier Exit (Short, 3 ATRs) 76.62
Upper Bollinger Bands 82.68
Lower Bollinger Band 69.59
Percent B (%b) 0.03
BandWidth 17.20
MACD Line -2.44
MACD Signal Line -1.98
MACD Histogram -0.4602
Fundamentals Value
Market Cap 2.15 Billion
Num Shares 30.8 Million
EPS 2.04
Price-to-Earnings (P/E) Ratio 34.32
Price-to-Sales 2.15
Price-to-Book 3.36
PEG Ratio 5.29
Dividend 0.80
Dividend Yield 1.14%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 73.00
Resistance 3 (R3) 73.25 72.51 72.50
Resistance 2 (R2) 72.51 71.75 72.38 72.33
Resistance 1 (R1) 71.26 71.28 70.89 71.01 72.17
Pivot Point 70.52 70.52 70.34 70.39 70.52
Support 1 (S1) 69.27 69.76 68.90 69.02 67.85
Support 2 (S2) 68.53 69.29 68.40 67.69
Support 3 (S3) 67.28 68.53 67.52
Support 4 (S4) 67.03