CHEMED CORP (CHE) Stock Technical Analysis
NYSE:CHE - New York Stock Exchange, Inc. - US16359R1032 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, CHE is a bad performer in the overall market: 61% of all stocks are doing better.
In the last month CHE has a been trading in the 550.47 - 583.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CHE is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, CHE did better than 51% of them.
CHE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHE is lagging the market slightly.
CHE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 562.24, a Stop Loss order could be placed below this zone.
More info and screens
512.26
625.41
When analyzing the support we can see 3 important areas.
- Support @562.24 from a trend line in the daily time frame.
- A support zone ranging from 537.87 to 541.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 517.43 to 528.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 567.27 to 578.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @597.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 610.18 to 619.22. 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 | NEUTRAL | NEUTRAL | The long term trend for CHE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHE is down. |
| ChartMill Relative Strength | 39.18 | NEUTRAL | CHE is not amongst the best or worst performers 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) | 44.06 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests CHE has a negative trend. |
| Stochastics (14,3) | 18.39 | OVERSOLD | The low Stochastics value suggests CHE may be oversold. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for CHE suggests low volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for CHE 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)
562.41
+1.63 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.29%
1 Week-2.16%
2 Weeks0.17%
1 Month-1.17%
3 Month-5.59%
6 Month1.77%
12 Month3.45%
2 Year3.83%
3 Year19.82%
5 Year24.68%
10 Year328.99%
15 Year929.3%
Volatility
ATR(14)9.23
ATR(20)%1.77%
ATR Inc-41.17%
Range Today5.9
ADR(20)9.37
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.18
Mansfield-0.55
10 Day High581.2
10 Day Low557.32
20 Day High583.96
20 Day Low550.47
52 Week High623.61
52 Week Low512.12
CS1 End562.24
CR1 Start567.27
Volume & EV
DER(3)-0.29%
DER(5)-0.51%
Volume79.70K
Volume Incr-24.41%
Vol(5)94.98K
Vol(50)130.44K