Liquidity & Technicals
1. Portfolio Implementation Verdict
Convatec screens as illiquid / specialist-only in the prepared liquidity file: five days at 20% ADV clears $1.68B, or 0.39% of market cap, so a 0.5% issuer-level position still takes about 7 days to exit at normal participation. The technical stance is bearish because the stock is making fresh 52-week lows below the 200-day average while volatility has moved into a stressed regime.
5-day cap at 20% ADV
Largest 5-day position
Supported AUM at 5%
ADV 20d / mcap
Tech score (-3 to +3)
Execution is the gating issue for issuer-level sizing: the screen can absorb a $1.68B five-day order at 20% ADV, but that is only 0.39% of market cap and below the 0.5% institutional threshold used in the liquidity file. Treat this as specialist execution or watchlist-only for funds that need a 0.5% to 2.0% issuer-level stake quickly.
2. Price Snapshot Strip
Current price
YTD return
1y return
52-week position
Beta
3. Critical Chart: Price And 50/200 SMA
Price is below the 200-day average by 10.4%; this is a downtrend, not a sideways consolidation, because price, the 50-day, and the 200-day are stacked bearishly.
Most recent 50/200 event: death cross on 2025-08-27.
4. Relative Strength Vs Benchmark + Sector
Benchmark data were unavailable in the prepared relative-performance file, so a clean company-versus-market chart is skipped rather than fabricated. Relative strength is scored neutral until a broad-market and sector series can be loaded.
5. Momentum Panel: RSI + MACD
Near-term momentum remains negative: RSI is near oversold but not washed out, and MACD rolled back below zero over the last two weeks.
6. Volume, Volatility, And Sponsorship
The late-April break lower came on intermittent volume bursts rather than steady accumulation, which argues against fresh sponsorship at the low.
30-day realized volatility is 35.3%, above the p80 stressed band of 31.8%, so the market is charging a wider risk premium while price sits at the low.
7. Institutional Liquidity Panel
The liquidity file flags CTEC as illiquid / specialist only. The raw volume fields are shown, but the runway table should be treated as a normal-participation stress test, not a precise promise of execution.
A. ADV & turnover strip
ADV 20d (shares)
ADV 20d value
ADV 60d (shares)
ADV 20d / mcap
Annual turnover
B. Fund-capacity table
C. Liquidation runway table
D. Price-range proxy
Median daily range over the latest 60 sessions is 1.0%, below the 2% elevated-impact threshold; participation capacity, not intraday range, is the binding implementation issue.
At 20% ADV the largest five-day tradable notional is $1.68B, or 0.39% of market cap; at 10% ADV the conservative five-day size is $0.84B, or 0.20% of market cap.
8. Technical Scorecard + Stance
Bearish on a 3- to 6-month horizon. The add signal is a close above $246.00, which would recover the 200-day and upper volatility band; the bearish confirmation level is a close below $209.80, the current 52-week low. Liquidity is the constraint for fast issuer-level implementation: screen notional looks large, but a 0.5% market-cap position takes 7 days at 20% ADV, so the correct action for funds needing real issuer exposure is watchlist-only or build slowly over multiple weeks.