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Weaker Stock
Today CFMS ranks #17000 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$0.76 (-7.62%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: -6.619

ConforMIS Stock Forecast

$0.76 (-7.62%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo -6.619
Which way will CFMS go? Request
Key Stats
P/E Ratio 20.38
Beta 0.97
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] The ConforMIS stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Big movements in ConforMIS stock price on Friday moving 10.45% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-10-15 Loss -38.20%

The ConforMIS stock price fell by -7.62% on the last day (Friday, 3rd Dec 2021) from $0.82 to $0.76. and has now fallen 7 days in a row. During the day the stock fluctuated 10.45% from a day low at $0.75 to a day high of $0.83. The price has fallen in 8 of the last 10 days and is down by -18.71% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $1.80 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -42.13% during the next 3 months and, with a 90% probability hold a price between $0.43 and $0.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The ConforMIS stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.86 and $1.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, October 19, 2021, and so far it has fallen -41.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0785 between high and low, or 10.45%. For the last week, the stock has had a daily average volatility of 8.17%.

ConforMIS is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is ConforMIS stock A Buy?

ConforMIS holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.619

Predicted Opening Price for ConforMIS of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$0.78 $0.76 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 04, 2021 "Oppenheimer" gave "$2.50 - $2.00" rating for CFMS. The price target was changed from $1.16 to 6.5%.

Volatility and Risk
Daily Average Volatility: 8.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.82
Price: $0.76
No Support Found

CFMS Insider Trading Show all Trades

INSIDER POWER

3.466

Last 100 transactions
Buy: 7 220 287 | Sell: 2 083 191 (Shares)
Date Action Amount Person Type
Nov 03, 2021 Sell 40 000 Augusti Mark A Common Stock
Nov 02, 2021 Sell 49 953 Augusti Mark A Common Stock
Aug 10, 2021 Sell 5 000 Augusti Mark A Common Stock
Aug 09, 2021 Sell 7 493 Augusti Mark A Common Stock
Jul 29, 2021 Sell 3 749 Alldredge J Brent Common Stock
Show all Insider Trades
INSIDER POWER

3.466

Last 100 transactions
Buy: 7 220 287 | Sell: 2 083 191 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.86 13.02 %
0.83 9.07 %
0.81 6.63 %
Current price: 0.76
Support 0.75 -1.26 %
0.73 -3.69 %
0.70 -7.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.94 23.01 %
0.83 9.74 %
0.82 8.53 %
Current price 0.76
Support 0 .
0 .
0 .

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About ConforMIS

ConforMIS ConforMIS, Inc., a medical technology company, develops, manufactures, and sells customized joint replacement implants. The company offers customized knee replacement products, including iTotal CR, a cruciate-retaining product; iTotal PS, a posterior cruciate ligament substituting product; iDuo, a customized bicompartmental knee replacement system; and iUni, a customized unicompartmental knee replacement product for treatment of the medial or lat... Read more

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