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(CNMD) Conmed Corporation complete technical analysis [charts+indicators] | Buy/Sell Conmed Corporation | (CNMD) share price targets

Complete technical analysis of Conmed Corporation (CNMD) by charts plus indicators, forecast predictions and share price targets for Conmed Corporation (CNMD)

Conmed Corporation trades in USA in Health Care sector.

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Conmed Corporation is 305810

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	106.88	108.02	109.53	106.87	0.857 times
04 Thu Jan 2024	109.12	108.61	109.58	107.80	1.186 times
03 Wed Jan 2024	108.36	108.86	109.20	106.98	1.805 times
02 Tue Jan 2024	110.13	108.71	111.43	108.67	1.364 times
29 Fri Dec 2023	109.51	111.19	111.88	109.35	0.809 times
29 Fri Dec 2023	109.51	111.19	111.88	109.35	0.809 times
28 Thu Dec 2023	111.78	111.78	113.31	111.30	0.589 times
27 Wed Dec 2023	112.25	113.71	114.80	111.52	0.911 times
26 Tue Dec 2023	113.62	113.26	114.11	112.42	0.587 times
22 Fri Dec 2023	112.88	112.28	113.31	111.37	0.89 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 108.4, but if it comes above 108.4, then a intra day buy could be more profitable.
If you take a sell trade below 108.4, then use 108.4 as stoploss and 105.9 as target. However if you take a buy trade in stock , then use 108.4 as stoploss and 110.46 as target.

Share price targets for Conmed Corporation (CNMD)

Target Type	Value
Downside Target	90.75
Downside Target	94.61
Downside Target	97.07
Downside Target	101.66
Downside Target	106.64
Upside Target	111.43
Upside Target	111.88
Upside Target	113.28
Upside Target	113.31
Upside Target	114.80
Upside Target	117.27

Intraday share price targets for Conmed Corporation (CNMD)

Target Type	Value
Downside Intraday Target	105.36
Downside Intraday Target	103.83
Upside Intraday Target	109.92
Upside Intraday Target	112.95
Upside Intraday Target	108.39

Weekly technical analysis of Conmed Corporation (CNMD)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	106.88	108.71	111.43	106.87	6.44 times
29 Fri Dec 2023	109.51	111.19	111.88	109.35	0.279 times
29 Fri Dec 2023	109.51	113.26	114.80	109.35	0.47 times
22 Fri Dec 2023	112.88	113.22	113.31	108.20	0.762 times
15 Fri Dec 2023	113.18	109.26	117.27	106.64	1.784 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Conmed Corporation (CNMD)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	106.88	108.71	111.43	106.87	0.224 times
29 Fri Dec 2023	109.51	107.27	117.27	106.64	1.022 times
30 Thu Nov 2023	107.27	97.04	109.99	94.61	0.712 times
31 Tue Oct 2023	97.46	100.29	101.66	90.75	1.434 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Conmed Corporation (CNMD)

Price action analysis of Conmed Corporation ( (CNMD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Conmed Corporation ( (CNMD) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Conmed Corporation ( (CNMD) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Conmed Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Conmed Corporation in short term but the sell signal is initial and weak.

Conmed Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Conmed Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Conmed Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 110.05 and Conmed Corporation (CNMD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Conmed Corporation (CNMD) stock. Volume based technical analysis of Conmed Corporation (CNMD) stock is negative.

Conmed Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.