COMMUNITY HEALTHCARE TRUST I (CHCT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CHCT • US20369C1062
Overall CHCT gets a technical rating of 8 out of 10. Although CHCT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- CHCT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHCT is lagging the market slightly.
- CHCT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, CHCT outperforms 54% of them, which is more or less in line with the market.
- CHCT is part of the Diversified REITs industry. There are 122 other stocks in this industry, CHCT did better than 54% of them.
Besides having an excellent technical rating, CHCT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.75
3 important support areas can be observed.
- Support @17.09 from a trend line in the daily time frame.
- A support zone ranging from 16.52 to 16.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.13 to 18.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CHCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHCT is up. |
| ChartMill Relative Strength | 54.44 | NEUTRAL | CHCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.37 | NEUTRAL | The RSI value for CHCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CHCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.67 | OVERBOUGHT | The high Stochastics value suggests CHCT may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CHCT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.76 | POSITIVE | The high ADX value value for CHCT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.15 | 16.60 | 1.55 (8.51%) | 11.75% |
| An entry @18.15. This is a Buy Stop order right above the resistance zone. | An exit @16.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.55 points, which is 8.51%. | When investing 11.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.93
-0.15 (-0.83%)
COMMUNITY HEALTHCARE TRUST I / CHCT FAQ
What is the technical rating for CHCT stock?
ChartMill assigns a technical rating of 8 / 10 to CHCT.
What is the trend direction for CHCT stock?
The current trend direction for COMMUNITY HEALTHCARE TRUST I (CHCT) is Bullish.
What is the RSI signal for CHCT stock?
COMMUNITY HEALTHCARE TRUST I (CHCT) has an RSI value of 67.3745. This indicates that the stock is currently neutral.
What is the short term momentum for CHCT stock?
The short term momentum for COMMUNITY HEALTHCARE TRUST I (CHCT) is positive.
What is the support and resistance level for CHCT stock?
COMMUNITY HEALTHCARE TRUST I (CHCT) has a support level at 17.09 and a resistance level at 18.13. Check the full technical report for our detailed analysis of CHCT support and resistance levels.