Overall CHDN gets a technical rating of 8 out of 10. Although CHDN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CHDN has an excellent technical rating and also presents 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 a support zone below the current price at 113.77, a Stop Loss order could be placed below this zone.
More info and screens
87.11
We found 2 important support areas.
- A support zone ranging from 113.77 to 113.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 87.99 to 88.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 114.78 to 117.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CHDN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHDN is up. |
| ChartMill Relative Strength | 53.71 | NEUTRAL | CHDN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHDN is below 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) | UP | POSITIVE | The current price of CHDN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.01 | NEUTRAL | The RSI value for CHDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests CHDN has a negative trend. |
| Stochastics (14,3) | 23.18 | NEUTRAL | The Stochastics value for CHDN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for CHDN suggests low volalility. |
| Average Directional Index/ADX (14) | 37.54 | POSITIVE | The high ADX value value for CHDN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 114.88 | 113.76 | 1.12 (0.97%) | 25.00% |
| An entry @114.88. This is a Buy Stop order right above the 10 day moving average. | An exit @113.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.12 points, which is 0.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHDN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
113.78
-0.86 (-0.75%)
CHURCHILL DOWNS INC / CHDN FAQ
Can you provide the ChartMill technical rating for CHURCHILL DOWNS INC?
ChartMill assigns a technical rating of 8 / 10 to CHDN.
Can you provide the trend direction for CHURCHILL DOWNS INC?
The current trend direction for CHURCHILL DOWNS INC (CHDN) is Bullish.
Can you provide the RSI signal for CHURCHILL DOWNS INC?
CHURCHILL DOWNS INC (CHDN) has an RSI value of 58.0117. 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 -0.753507, 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 113.77 and a resistance level at 114.78. Check the full technical report for our detailed analysis of CHDN support and resistance levels.