CHURCHILL DOWNS INC (CHDN) Stock Technical Analysis
NASDAQ:CHDN • US1714841087
Taking everything into account, CHDN scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CHDN is a bad performer in the overall market: 82% of all stocks are doing better.
- CHDN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CHDN is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 41% of 126 stocks in the same industry.
- In the last month CHDN has a been trading in the 87.54 - 102.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of CHDN is bad and it also does not present a quality setup 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
85.88
3 important support areas can be observed.
- A support zone ranging from 94.41 to 95.84. 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 88.35 to 88.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 86.75 to 86.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 96.20 to 96.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.25 from a trend line in the weekly time frame.
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 | 18.4 | NEGATIVE | CHDN has a low relative strength, it was outperformed by 81.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CHDN is above 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) | UP | MIXED | The current price of CHDN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.15 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests CHDN has a positive trend. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for CHDN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CHDN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.97 | POSITIVE | The high ADX value value for CHDN suggests a strong trend. |
96.19
+2.19 (+2.33%)
CHURCHILL DOWNS INC / CHDN 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 48.1511. 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 0.751768, indicating a bearish trend.
Can you provide the support and resistance levels for CHURCHILL DOWNS INC?
CHURCHILL DOWNS INC (CHDN) has a support level at 95.84 and a resistance level at 96.2. Check the full technical report for our detailed analysis of CHDN support and resistance levels.