CHURCHILL DOWNS INC (CHDN) Technical Analysis
NASDAQ:CHDN • US1714841087
Current stock price
CHDN Technical Rating and Analysis
Overall CHDN gets a technical rating of 0 out of 10. CHDN'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.
- When comparing the yearly performance of all stocks, CHDN is a bad performer in the overall market: 87% of all stocks are doing better.
- CHDN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 72% are performing better than CHDN.
- CHDN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHDN is lagging the market.
- CHDN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CHDN Weekly and Daily overview Charts
CHDN Setup Rating and Analysis
CHDN has a poor technical rating and the quality of the setup is also only medium 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
CHDN Support and Resistance Analysis
82.89
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 87.21 to 88.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 93.71 to 95.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @109.75 from a trend line in the weekly time frame.
CHDN 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 CHDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHDN is down. |
| ChartMill Relative Strength | 13.67 | NEGATIVE | CHDN has a low relative strength, it was outperformed by 86.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.33 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CHDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.97 | NEUTRAL | The Stochastics value for CHDN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CHDN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.73 | POSITIVE | The high ADX value value for CHDN suggests a strong trend. |
CHDN Chart- and CandleStick Pattern Analysis
CHDN Technicals: Chart, Performance Metrics, Trend & Indicators
83.73
-4.1 (-4.67%)
CHURCHILL DOWNS INC / CHDN TA FAQ
Can you provide the ChartMill technical rating for CHURCHILL DOWNS INC?
ChartMill assigns a technical rating of 0 / 10 to CHDN.
Can you provide the trend direction for CHURCHILL DOWNS INC?
The current trend direction for CHURCHILL DOWNS INC (CHDN) is Bearish.
Can you provide the RSI signal for CHURCHILL DOWNS INC?
CHURCHILL DOWNS INC (CHDN) has an RSI value of 37.3324. This indicates that the stock is currently neutral.
What is the MACD signal for CHURCHILL DOWNS INC (CHDN) stock?
The MACD indicator for CHURCHILL DOWNS INC (CHDN) has a value of 0.197417, indicating a bearish trend.
Can you provide the support and resistance levels for CHURCHILL DOWNS INC?
CHURCHILL DOWNS INC (CHDN) has a resistance level at 87.21. Check the full technical report for our detailed analysis of CHDN support and resistance levels.