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Takip Edin: @UscMarketsCOR Stock Forecast & Cencora Chart Analysis
This article provides a detailed analysis of COR-Cencora stock including a forecast for COR shares. It features Cencora, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
COR Historical Data Review
COR Current Price Performance Analysis
The Cencora - COR stock traded on the American stock market, on 06-05-2024, closed at 231.77$ with a %0.48 increased compared to the previous day.
In the last month, the price of COR changed by %3.45 increased in value, from 224.04 dollars on 05-06-2024 to 231.77 dollars, increased.
Last year, the price of COR was 174.37 dollars on 06-06-2023, and changed by %32.92 increased in value, to 231.77 dollars increased within a year.
The price of Cencora stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
COR with AI Stock Forecast & Price Target
On the COR chart Cencora price was recorded as 231.77 Dollars on 06/05/2024.
The artificial intelligence's forecast on COR stock is as follows.
The artificial intelligence's prediction error margin for COR stock is moderate.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Cencora stock over the next 4 months is: 229.8 Dollars.
The commentary on COR stock Target Price: Highest: 248.892 Dollars is predicted.
The commentary on COR stock Target Price: Lowest: 210.026 Dollars is predicted.
Resistance Price where Cencora stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-08-2024 | 224.457 |
| 12-12-2024 | 243.085 |
Support Price where Cencora stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 210.026 |
| 10-23-2024 | 222.921 |
| 01-31-2025 | 232.731 |
The commentary on COR stock: Fluctuations in the target price can be expected in the coming days.
The target price for Cencora stock by the end of 2024 is predicted to be 240.549 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on COR stock, and the 2024 target price predictions for Cencora are detailed above.
The technical analysis and charts for the commentary on COR stock are below.
COR Support & Resistance and Trend Analysis
COR stock you have reviewed the technical analysis support resistance charts regarding.
COR : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the COR review, the Cencora support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Cencora Support and Resistance Prices:
| COR Support Level Price | COR Resistance Level Price |
|---|---|
| 191.11 | 200.55 |
| 195.83 | 201.48 |
| 214.77 | 205.72 |
| 215.30 | 205.83 |
| 228.32 | 237.03 |
| 233.10 | 239.38 |
| 233.88 | 240.44 |
| 234.23 | 241.36 |
| 243.83 | |
| 246.75 |
COR Technical Analysis: SMA, RSI, MACD
Upon reviewing the COR chart, buy and sell signals have been generated in the Cencora technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for COR stock are as follows:- COR technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Cencora gave a 'Buy' signal when the RSI was at 21.245, with the current RSI value at 67.837.
- The technical analysis for COR indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Cencora issued a 'Buy' signal when the MACD was at -4.309, with the current MACD value being: -0.694
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Cencora stock: Click here to read more predictions on Takeda Pharmaceutical Company stock.
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