CONCORD MEDICAL - SPON ADR (CCM)

US2062771058 - ADR

7.8  -0.09 (-1.19%)

Technical Rating and Analysis

7

Taking everything into account, CCM scores 7 out of 10 in our technical rating. Although CCM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, CCM is a bad performer in the overall market: 88% of all stocks are doing better.
CCM is one of the lesser performing stocks in the Health Care Providers & Services industry. 65% of 113 stocks in the same industry do better.
CCM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CCM is lagging the market.
Warning: CCM has an average volume of 8334 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CCM has a been trading in the 6.58 - 9.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
CCM Weekly chart
CCM Daily chart
Setup Rating and Analysis

5

CCM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.79, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

4.95

10.26

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 7.61 to 7.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @7.42 from a horizontal line in the daily time frame.
  • A support zone ranging from 5.23 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 5.00 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 8.01 to 8.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @8.57 from a horizontal line in the daily time frame.
  • Resistance @8.81 from a trend line in the weekly time frame.
  • Resistance @10.16 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.82
Mansfield-0.56
10 Day High9.07
10 Day Low7.21
20 Day High9.2
20 Day Low6.58
52 Week High26.7
52 Week Low3.82
Performance
1 Week4.7%
2 Weeks-1.27%
1 Month15.45%
3 Month-3.82%
6 Month44.15%
12 Month-29.73%
2 Year-48.34%
3 Year-65.49%
5 Year-70.79%
10 Year-88.78%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)57.85
LBB7.28
UBB8.38
CCM Daily chart

CONCORD MEDICAL - SPON ADR

NYSE:CCM (11/4/2024, 8:04:00 PM)

7.8

-0.09 (-1.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.19%
1 Week4.7%
2 Weeks-1.27%
1 Month15.45%
3 Month-3.82%
6 Month44.15%
12 Month-29.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.67
ATR(20)%7.71%
ATR Inc
Range Today1.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High9.07
10 Day Low7.21
20 Day High9.2
20 Day Low6.58
52 Week High26.7
52 Week Low3.82
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume24.20K
Volume Incr-21.35%
Vol(5)5.36K
Vol(50)8.33K