CHA Technical Analysis - CHAGEE HOLDINGS LTD-ADR

Technical Rating and Analysis

Overall CHA gets a technical rating of 0 out of 10. CHA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

100% of all other stocks performed better in the past year than CHA.

CHA is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 90% are performing better than CHA.

In the last month CHA has a been trading in the 16.17 - 18.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

CHA has an average volume of 1092220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHAGEE HOLDINGS LTD-ADR / CHA Weekly stock chart

CHAGEE HOLDINGS LTD-ADR / CHA Daily stock chart

Setup Rating and Analysis

CHA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.10

19.18

When analyzing the support we notice one important area.

Support @16.26 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 17.37 to 17.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @17.79 from a horizontal line in the daily time frame.
Resistance @18.99 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for CHA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CHA is down.
ChartMill Relative Strength	0	NEGATIVE	CHA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CHA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CHA is below a declining SMA(50).
Relative Strength Index/RSI (14)	40.74	NEUTRAL	The RSI value for CHA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests CHA has a positive trend.
Stochastics (14,3)	21.65	NEUTRAL	The Stochastics value for CHA is a neutral value.
Average True Range in percent/ATR (20)	3.7	MEDIUM VOLATILITY	The ATR as a percentage value for CHA suggests some volalility.
Average Directional Index/ADX (14)	36.14	POSITIVE	The high ADX value value for CHA suggests a strong trend.