CONFORMIS INC.

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	CFMS
ISIN:

CONFORMIS INC. - 15 min. - Technical analysis published on 07/22/2021 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

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CONFORMIS INC. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.35 USD

My targets

1.39 USD (+0.72%)

1.61 USD (+16.67%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONFORMIS INC. as long as the price remains well above 1.35 USD. The buyers' bullish objective is set at 1.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.61 USD. If there is any crossing, the next objective would be the resistance located at 2.55 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by aba0550.

Additional analysis

Quotes

CONFORMIS INC. rating 1.38 USD. The price registered an increase of +12.20% on the session with the lowest point at 1.23 USD and the highest point at 1.40 USD. The deviation from the price is +12.20% for the low point and -1.43% for the high point.

1.23

1.40

1.38

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of CONFORMIS INC. in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.24	1.29	1.34	1.38	1.39	2.55	3.69
Change (%)	-10.14%	-6.52%	-2.90%	-	+0.72%	+84.78%	+167.39%
Change	-0.14	-0.09	-0.04	-	+0.01	+1.17	+2.31
Level	Minor	Minor	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.11	1.15	1.19	1.23	1.27	1.31	1.35
Camarilla	1.21	1.22	1.22	1.23	1.24	1.25	1.25
Woodie	1.11	1.15	1.19	1.23	1.27	1.31	1.35
Fibonacci	1.15	1.18	1.20	1.23	1.26	1.28	1.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.87	0.93	1.03	1.09	1.19	1.25	1.35
Camarilla	1.09	1.10	1.12	1.13	1.15	1.16	1.17
Woodie	0.89	0.94	1.05	1.10	1.21	1.26	1.37
Fibonacci	0.93	0.99	1.03	1.09	1.15	1.19	1.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.40	0.63	0.89	1.12	1.38	1.61	1.87
Camarilla	1.02	1.06	1.11	1.15	1.20	1.24	1.29
Woodie	0.42	0.64	0.91	1.13	1.40	1.62	1.89
Fibonacci	0.63	0.82	0.93	1.12	1.31	1.42	1.61

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.04
MACD (12,26,9):	0.0300
Directional Movement:	19.49
AROON (14):	64.29
DEMA (21):	1.31
Parabolic SAR (0,02-0,02-0,2):	1.26
Elder Ray (13):	0.03
Super Trend (3,10):	1.27
Zig ZAG (10):	1.35
VORTEX (21):	1.1500
Stochastique (14,3,5):	66.78
TEMA (21):	1.35
Williams %R (14):	-28.18
Chande Momentum Oscillator (20):	0.13
Repulse (5,40,3):	5.7100
ROCnROLL:	1
TRIX (15,9):	0.2900
Courbe Coppock:	17.90

MA7:	1.18
MA20:	1.11
MA50:	1.02
MA100:	0.99
MAexp7:	1.34
MAexp20:	1.28
MAexp50:	1.24
MAexp100:	1.20
Price / MA7:	+16.95%
Price / MA20:	+24.32%
Price / MA50:	+35.29%
Price / MA100:	+39.39%
Price / MAexp7:	+2.99%
Price / MAexp20:	+7.81%
Price / MAexp50:	+11.29%
Price / MAexp100:	+15.00%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on CONFORMIS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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