CHURCHILL DOWNS INC (CHDN) Technical Analysis
NASDAQ:CHDN • US1714841087
Current stock price
CHDN Technical Rating and Analysis
Taking everything into account, CHDN scores 2 out of 10 in our technical rating. In the past year, CHDN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 83% of all other stocks performed better in the past year than CHDN.
- CHDN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 68% are performing better than CHDN.
- In the last month CHDN has a been trading in the 83.23 - 95.48 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- CHDN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHDN is lagging the market.
CHDN Weekly and Daily overview Charts
CHDN Setup Rating and Analysis
Although the technical rating is bad, CHDN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 91.57, a Stop Loss order could be placed below this zone. 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
CHDN Support and Resistance Analysis
82.78
2 important support areas can be observed.
- A support zone ranging from 88.45 to 91.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.62 to 83.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 92.22 to 93.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.74 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 | UP | POSITIVE | The short term trend for CHDN is up. |
| ChartMill Relative Strength | 17.01 | NEGATIVE | CHDN has a low relative strength, it was outperformed by 82.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHDN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHDN is above 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) | 57.87 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests CHDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.79 | NEUTRAL | The Stochastics value for CHDN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CHDN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for CHDN suggests a weak or negative trend. |
CHDN Chart- and CandleStick Pattern Analysis
CHDN Technicals: Chart, Performance Metrics, Trend & Indicators
92.21
-1.06 (-1.14%)
CHURCHILL DOWNS INC / CHDN TA FAQ
Can you provide the ChartMill technical rating for CHURCHILL DOWNS INC?
ChartMill assigns a technical rating of 2 / 10 to CHDN.
What is the current trend direction of CHURCHILL DOWNS INC (CHDN) stock?
The current trend direction for CHURCHILL DOWNS INC (CHDN) is Bearish.
What is the RSI signal for CHDN stock?
CHURCHILL DOWNS INC (CHDN) has an RSI value of 57.8721. This indicates that the stock is currently neutral.
What is the buy/sell signal for CHDN stock?
The buy/sell signal for CHURCHILL DOWNS INC (CHDN) is hold as the short term and long term trends are mixed.
What is the support and resistance level for CHDN stock?
CHURCHILL DOWNS INC (CHDN) has a support level at 91.57 and a resistance level at 92.22. Check the full technical report for our detailed analysis of CHDN support and resistance levels.