Technical Analysis for CNMD - CONMED Corporation

Grade Last Price % Change Price Change
F 74.54 2.86% 2.07
CNMD closed up 2.86 percent on Wednesday, May 15, 2024, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 23
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Weak + Overbought Other 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
New Uptrend Bullish 2.86%
Weak + Overbought Other 2.86%
Outside Day Range Expansion 2.86%
Gapped Up Strength 2.86%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band about 21 hours ago
Up 3% about 21 hours ago
Up 2% about 21 hours ago
Up 1% about 21 hours ago
Rose Above Previous Day's High 2 days 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 61.05
Average Volume 550,659
200-Day Moving Average 94.81
50-Day Moving Average 75.35
20-Day Moving Average 70.19
10-Day Moving Average 71.50
Average True Range 2.54
RSI (14) 55.16
ADX 24.78
+DI 24.02
-DI 23.58
Chandelier Exit (Long, 3 ATRs) 70.11
Chandelier Exit (Short, 3 ATRs) 68.67
Upper Bollinger Bands 75.79
Lower Bollinger Band 64.60
Percent B (%b) 0.89
BandWidth 15.95
MACD Line -0.76
MACD Signal Line -1.65
MACD Histogram 0.8989
Fundamentals Value
Market Cap 2.29 Billion
Num Shares 30.8 Million
EPS 2.04
Price-to-Earnings (P/E) Ratio 36.54
Price-to-Sales 2.15
Price-to-Book 3.36
PEG Ratio 5.29
Dividend 0.80
Dividend Yield 1.07%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 77.80
Resistance 3 (R3) 77.53 76.18 77.25
Resistance 2 (R2) 76.18 75.35 76.31 77.07
Resistance 1 (R1) 75.36 74.84 75.77 75.63 76.89
Pivot Point 74.01 74.01 74.22 74.14 74.01
Support 1 (S1) 73.19 73.18 73.60 73.46 72.19
Support 2 (S2) 71.84 72.67 71.97 72.01
Support 3 (S3) 71.02 71.84 71.83
Support 4 (S4) 71.29