Chaparral Energy Inc (CHAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHAP -
We assign a technical rating of 0 out of 10 to CHAP. CHAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CHAP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.37
2 important support areas can be observed.
- Support @0.38 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- Resistance @0.68 from a trend line in the weekly time frame.
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 CHAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHAP is down. |
| ChartMill Relative Strength | 1.71 | NEGATIVE | CHAP has a low relative strength, it was outperformed by 98.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.73 | NEUTRAL | The RSI value for CHAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.24 | NEUTRAL | The Stochastics value for CHAP is a neutral value. |
| Average True Range in percent/ATR (20) | 11.95 | HIGH VOLATILITY | The high ATR as a percentage value for CHAP suggests high volalility. |
0.392
-0.03 (-6.64%)
Chaparral Energy Inc / CHAP FAQ
What is the ChartMill technical rating of Chaparral Energy Inc (CHAP) stock?
ChartMill assigns a technical rating of 0 / 10 to CHAP.
What is the trend direction for CHAP stock?
The current trend direction for Chaparral Energy Inc (CHAP) is Bearish.
What is the RSI signal for CHAP stock?
Chaparral Energy Inc (CHAP) has an RSI value of 40.7324. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Chaparral Energy Inc?
The buy/sell signal for Chaparral Energy Inc (CHAP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CHAP stock?
Chaparral Energy Inc (CHAP) has a support level at 0.38 and a resistance level at 0.68. Check the full technical report for our detailed analysis of CHAP support and resistance levels.