CHE Technical Analysis - CHEMED CORP

Technical Rating and Analysis

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

87% of all other stocks performed better in the past year than CHE.

CHE is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 66% are performing better than CHE.

CHE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CHE has a been trading in the 434.02 - 470.67 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CHE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CHE in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

439.06

616.28

We can see 4 important resistance areas.

A resistance zone ranging from 448.84 to 470.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @489.19 from a trend line in the daily time frame.
Resistance @583.78 from a trend line in the weekly time frame.
Resistance @610.18 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	13.91	NEGATIVE	CHE has a low relative strength, it was outperformed by 86.09% 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)	43.98	NEUTRAL	The RSI value for CHE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.39	NEGATIVE	The MACD value suggests CHE has a negative trend.
Stochastics (14,3)	27.74	NEUTRAL	The Stochastics value for CHE is a neutral value.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for CHE suggests some volalility.
Average Directional Index/ADX (14)	12.92	NEGATIVE	The low ADX value for CHE suggests a weak or negative trend.