CONFORMIS INC.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CFMS
ISIN:

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

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Timeframe : Daily
- 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

83%

11%

My opinion

Bullish above 1.24 USD

My targets

1.61 USD (+17.52%)

1.87 USD (+36.50%)

My analysis

CONFORMIS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.24 USD. The next resistance located at 1.61 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.87 USD. After this resistance, buyers could then target 2.55 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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

The CONFORMIS INC. price is 1.37 USD. On the day, this instrument gained +11.38% and was between 1.23 USD and 1.40 USD. This implies that the price is at +11.38% from its lowest and at -2.14% from its highest.

1.23

1.40

1.37

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CONFORMIS INC.:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of CONFORMIS INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.99	1.15	1.24	1.37	1.39	2.55	3.69
Change (%)	-27.74%	-16.06%	-9.49%	-	+1.46%	+86.13%	+169.34%
Change	-0.38	-0.22	-0.13	-	+0.02	+1.18	+2.32
Level	Intermediate	Intermediate	Minor	-	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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.27
MACD (12,26,9):	0.0500
Directional Movement:	27.17
AROON (14):	42.86
DEMA (21):	1.18
Parabolic SAR (0,02-0,02-0,2):	1.02
Elder Ray (13):	0.16
Super Trend (3,10):	1.06
Zig ZAG (10):	1.35
VORTEX (21):	1.0700
Stochastique (14,3,5):	84.09
TEMA (21):	1.21
Williams %R (14):	-11.70
Chande Momentum Oscillator (20):	0.31
Repulse (5,40,3):	11.7100
ROCnROLL:	1
TRIX (15,9):	0.3700
Courbe Coppock:	13.06

MA7:	1.18
MA20:	1.11
MA50:	1.02
MA100:	0.99
MAexp7:	1.21
MAexp20:	1.13
MAexp50:	1.06
MAexp100:	1.01
Price / MA7:	+16.10%
Price / MA20:	+23.42%
Price / MA50:	+34.31%
Price / MA100:	+38.38%
Price / MAexp7:	+13.22%
Price / MAexp20:	+21.24%
Price / MAexp50:	+29.25%
Price / MAexp100:	+35.64%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on CONFORMIS INC. at the time of the generation of this analysis was as follows:

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

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