CHURCHILL DOWNS INC (CHDN) Stock Technical Analysis
USA - NASDAQ:CHDN - US1714841087 - Common Stock
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.
CHDN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 99.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
85.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.47 to 99.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.75 to 88.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @101.00 from a trend line in the daily time frame.
- Resistance @106.19 from a horizontal line in the daily time frame.
- Resistance @109.90 from a trend line in the daily time frame.
- A resistance zone ranging from 113.53 to 113.75. 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 | 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 | 20.34 | NEGATIVE | CHDN has a low relative strength, it was outperformed by 79.66% 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) | 55.41 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CHDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.64 | NEUTRAL | The Stochastics value for CHDN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for CHDN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for CHDN suggests a weak or negative trend. |
99.84
+0.55 (+0.55%)
CHURCHILL DOWNS INC / CHDN 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 trend direction for CHDN stock?
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 55.4148. This indicates that the stock is currently neutral.
What is the MACD signal for CHDN stock?
The MACD indicator for CHURCHILL DOWNS INC (CHDN) has a value of 0.0256462, indicating a bearish trend.
What is the buy/sell signal for CHURCHILL DOWNS INC (CHDN) stock?
The buy/sell signal for CHURCHILL DOWNS INC (CHDN) is hold as the short term and long term trends are mixed.