How does COR's Q2 2025 forecast compare to past trends?
4/12/2025 04:31pm
Cencora (COR) exhibits a **Bullish** trend in Q2 2025, which is consistent with its historical patterns. The following analysis supports this conclusion:
1. **Current Trend**: COR's current price trend is **Bullish**, having lasted for 36 days. This recent bullishness is a strong indicator of potential continued upward movement in the stock's price.
2. **Probability of Continuation**: The probability of the trend continuing is high, with 67% confidence in the trend lasting for at least another 29 days. This suggests that the bullish trend is likely to persist in the near term.
3. **Support and Resistance Levels**: COR is currently positioned **between narrow resistance and wide resistance levels**, which indicates that while there is some resistance to upward movement, the stock is still within a range that suggests a bullish outlook. The support level is also close to the current price, providing a solid foundation for potential further gains.
4. **Price Forecast**: The trend similarity-based price forecast for COR in Q2 2025 is between **$261.8 and $298.02**, with a mean forecast price of **$285.94**. This range aligns with the current price trend and suggests that the bullish outlook is supported by potential future price levels.
5. **Historical Performance**: Historically, COR has shown a **53.4%** win rate for this type of forecast, which is above the market average of **60.9%**. This indicates that while there is some risk, the bullish trend in Q2 2025 is supported by historical performance data.
In conclusion, Cencora's Q2 2025 forecast is optimistic, with the stock likely to continue its bullish trend. Investors should consider the potential for further gains, but also be aware of the historical volatility and the need for risk management.