CONFORMIS INC.

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Type:	Stocks
Ticker:	CFMS
ISIN:

CONFORMIS INC. - Daily - Technical analysis published on 09/16/2019 (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

Court terme: Bearish

De fond: Strongly bearish

Technical indicators

33%

44%

22%

My opinion

Bearish under 2.30 USD

My targets

1.92 USD (-3.03%)

1.25 USD (-36.87%)

My analysis

The bearish basic trend is very strong on CONFORMIS INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2.30 USD. Crossing the first support at 1.92 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.25 USD as an objective. Crossing it would then enable sellers to target 0.52 USD. Caution, a return to above the resistance located at 2.30 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

5.7

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 Vincent Launay.

Additional analysis

Quotes

CONFORMIS INC. rating 1.98 USD. The price has increased by +0.00% since the last closing and was between 1.94 USD and 2.00 USD. This implies that the price is at +2.06% from its lowest and at -1.00% from its highest.

1.94

2.00

1.98

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

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

Technical

Technical analysis of CONFORMIS INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

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	0.52	1.25	1.92	1.98	2.30	2.88	3.69
Change (%)	-73.74%	-36.87%	-3.03%	-	+16.16%	+45.45%	+86.36%
Change	-1.46	-0.73	-0.06	-	+0.32	+0.90	+1.71
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.78	1.84	1.90	1.96	2.02	2.08	2.14
Camarilla	1.94	1.95	1.96	1.97	1.98	1.99	2.00
Woodie	1.79	1.84	1.91	1.96	2.03	2.08	2.15
Fibonacci	1.84	1.88	1.91	1.96	2.00	2.03	2.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.49	1.71	1.85	2.07	2.21	2.43	2.57
Camarilla	1.88	1.91	1.95	1.98	2.01	2.05	2.08
Woodie	1.44	1.69	1.80	2.05	2.16	2.41	2.52
Fibonacci	1.71	1.85	1.93	2.07	2.21	2.29	2.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.64	1.03	1.58	1.97	2.53	2.91	3.47
Camarilla	1.88	1.97	2.05	2.14	2.23	2.31	2.40
Woodie	0.73	1.07	1.67	2.01	2.61	2.95	3.55
Fibonacci	1.03	1.39	1.61	1.97	2.33	2.55	2.91

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):	43.65
MACD (12,26,9):	-0.0900
Directional Movement:	-7.58
AROON (14):	-50.00
DEMA (21):	1.92
Parabolic SAR (0,02-0,02-0,2):	2.24
Elder Ray (13):	-0.09
Super Trend (3,10):	2.50
Zig ZAG (10):	1.98
VORTEX (21):	1.0400
Stochastique (14,3,5):	24.18
TEMA (21):	2.04
Williams %R (14):	-71.97
Chande Momentum Oscillator (20):	-0.13
Repulse (5,40,3):	0.8600
ROCnROLL:	2
TRIX (15,9):	-0.6600
Courbe Coppock:	6.17

MA7:	2.00
MA20:	2.06
MA50:	2.41
MA100:	3.01
MAexp7:	2.00
MAexp20:	2.07
MAexp50:	2.38
MAexp100:	2.52
Price / MA7:	-1.00%
Price / MA20:	-3.88%
Price / MA50:	-17.84%
Price / MA100:	-34.22%
Price / MAexp7:	-1.00%
Price / MAexp20:	-4.35%
Price / MAexp50:	-16.81%
Price / MAexp100:	-21.43%

News

Don"t forget to follow the news on CONFORMIS INC.. At the time of publication of this analysis, the latest news was as follows:

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

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