CHEMED CORP (CHE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHE - US16359R1032 - Common Stock
Overall CHE gets a technical rating of 0 out of 10. CHE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CHE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 430.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 417.84, a Stop Loss order could be placed below this zone.
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408.17
When analyzing the support we notice one important area.
- A support zone ranging from 412.29 to 417.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 430.32 to 441.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 459.05 to 470.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @574.86 from a trend line in the weekly time frame.
- Resistance @610.18 from a horizontal 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 CHE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHE is down. |
| ChartMill Relative Strength | 20.59 | NEGATIVE | CHE has a low relative strength, it was outperformed by 79.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.55 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests CHE has a positive trend. |
| Stochastics (14,3) | 55.93 | NEUTRAL | The Stochastics value for CHE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CHE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for CHE suggests a weak or negative trend. |
429.13
-1.31 (-0.3%)
CHEMED CORP / CHE FAQ
What is the technical rating for CHE stock?
ChartMill assigns a technical rating of 0 / 10 to CHE.
What is the trend direction for CHE stock?
The current trend direction for CHEMED CORP (CHE) is Bearish.
Can you provide the RSI signal for CHEMED CORP?
CHEMED CORP (CHE) has an RSI value of 47.5506. This indicates that the stock is currently neutral.
What is the short term momentum for CHEMED CORP (CHE) stock?
The short term momentum for CHEMED CORP (CHE) is negative.
What are the support and resistance levels for CHEMED CORP (CHE) stock?
CHEMED CORP (CHE) has a support level at 417.84 and a resistance level at 430.32. Check the full technical report for our detailed analysis of CHE support and resistance levels.