CHURCHILL DOWNS INC (CHDN) Stock Technical Analysis
NASDAQ:CHDN - Nasdaq - US1714841087 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CHDN. Recently some decent action could be observed, but in the medium term time frame this is still negative. CHDN was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than CHDN.
CHDN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 84% of 133 stocks in the same industry do better.
In the last month CHDN has a been trading in the 95.71 - 107.10 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 has an average technical rating and the quality of the presented setup is also not ideal 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
91.85
107.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 97.75 to 97.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 92.78 to 93.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.81 to 106.80. 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 | 13.51 | NEGATIVE | CHDN has a low relative strength, it was outperformed by 86.49% 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) | UP | POSITIVE | The current price of CHDN is above the rising 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) | 64.08 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests CHDN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.02 | OVERBOUGHT | The high Stochastics value suggests CHDN may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for CHDN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for CHDN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
105.8
-1 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.94%
1 Week0.47%
2 Weeks5.17%
1 Month5.12%
3 Month3.21%
6 Month-16.6%
12 Month-25.58%
2 Year-8.68%
3 Year0.86%
5 Year52.76%
10 Year370.01%
15 Year1645.4%
Volatility
ATR(14)1.99
ATR(20)%1.98%
ATR Inc-9.23%
Range Today1.41
ADR(20)1.99
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.51
Mansfield-1.99
10 Day High107.1
10 Day Low100.35
20 Day High107.1
20 Day Low95.71
52 Week High150.21
52 Week Low85.58
CS1 End97.9
CR1 Start105.81
Volume & EV
DER(3)2.29%
DER(5)2.59%
Volume484.40K
Volume Incr-27.19%
Vol(5)514.16K
Vol(50)788.14K