CHEMED CORP (CHE) Stock Technical Analysis
NYSE:CHE - New York Stock Exchange, Inc. - US16359R1032 - Common Stock - Currency: USD
Taking everything into account, CHE scores 0 out of 10 in our technical rating. CHE'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CHE is a bad performer in the overall market: 92% of all stocks are doing better.
CHE is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, of which 70% are performing better than CHE.
CHE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CHE is lagging the market.
In the last month CHE has a been trading in the 408.42 - 474.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of CHE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
413.67
616.28
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 447.39 to 454.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 470.73 to 470.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @534.59 from a trend line in the daily time frame.
- Resistance @591.09 from a trend line in the weekly time frame.
- A resistance zone ranging from 609.80 to 610.18. 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 CHE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHE is down. |
| ChartMill Relative Strength | 8.27 | NEGATIVE | CHE has a low relative strength, it was outperformed by 91.73% 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) | 27.11 | OVERSOLD | The low RSI value suggests CHE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.4 | NEGATIVE | The MACD value suggests CHE has a negative trend. |
| Stochastics (14,3) | 9.48 | OVERSOLD | The low Stochastics value suggests CHE may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CHE suggests some volalility. |
| Average Directional Index/ADX (14) | 51.81 | POSITIVE | The high ADX value value for CHE suggests a strong 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)
417.85
+5.55 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.35%
1 Week-11.23%
2 Weeks-7.41%
1 Month-11.69%
3 Month-27.39%
6 Month-25.65%
12 Month-29.26%
2 Year-18.3%
3 Year-12.25%
5 Year-19.2%
10 Year206.45%
15 Year737.38%
Volatility
ATR(14)13.58
ATR(20)%2.99%
ATR Inc13.29%
Range Today16.45
ADR(20)10.68
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.27
Mansfield-3.01
10 Day High473.56
10 Day Low408.42
20 Day High474.24
20 Day Low408.42
52 Week High623.61
52 Week Low408.42
CS1 EndN/A
CR1 Start447.39
Volume & EV
DER(3)1.02%
DER(5)0.24%
Volume278.70K
Volume Incr41.98%
Vol(5)272.26K
Vol(50)167.10K