CHEMED CORP (CHE) Stock Technical Analysis
NYSE:CHE - New York Stock Exchange, Inc. - US16359R1032 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CHE. 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.
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: 88% of all stocks are doing better.
CHE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CHE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CHE is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, CHE did better than 42% of them.
The technical rating of CHE 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
444.92
618.72
We found 1 important support area.
- A support zone ranging from 449.41 to 451.29. 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 470.73 to 470.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @539.75 from a trend line in the daily time frame.
- Resistance @591.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 610.18 to 612.59. 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 | 12.28 | NEGATIVE | CHE has a low relative strength, it was outperformed by 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CHE is above 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) | 41.37 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.68 | POSITIVE | The MACD value suggests CHE has a positive trend. |
| Stochastics (14,3) | 69.21 | NEUTRAL | The Stochastics value for CHE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CHE suggests some volalility. |
| Average Directional Index/ADX (14) | 51.97 | 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)
470.72
+7.7 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.66%
1 Week4.3%
2 Weeks2.35%
1 Month-15.32%
3 Month-15.3%
6 Month-14.57%
12 Month-14.3%
2 Year-9.67%
3 Year-2.16%
5 Year-4.36%
10 Year217.07%
15 Year789.49%
Volatility
ATR(14)9.57
ATR(20)%2.94%
ATR Inc24.05%
Range Today11.48
ADR(20)11.06
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.28
Mansfield-2.38
10 Day High471.32
10 Day Low449.01
20 Day High562.77
20 Day Low449.01
52 Week High623.61
52 Week Low449.01
CS1 End451.29
CR1 Start470.73
Volume & EV
DER(3)2.64%
DER(5)0.67%
Volume142.70K
Volume Incr-17.41%
Vol(5)161.14K
Vol(50)153.02K