CHEMED CORP (CHE) Stock Technical Analysis
NYSE:CHE • US16359R1032
Overall CHE gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CHE is a bad performer.
- When comparing the yearly performance of all stocks, CHE is a bad performer in the overall market: 77% of all stocks are doing better.
- 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.
- The long and short term trends are both positive. This is looking good!
- In the last month CHE has a been trading in the 421.07 - 481.38 range, which is quite wide. It is currently trading near the high of this range.
- CHE is an average performer in the Health Care Providers & Services industry, it outperforms 49% of 101 stocks in the same industry.
Although CHE has an excellent technical rating, the quality of the presented setup is not ideal 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
408.17
We found 3 important support areas.
- A support zone ranging from 445.10 to 453.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @433.65 from a trend line in the daily time frame.
- A support zone ranging from 412.29 to 423.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 468.71 to 478.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CHE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHE is up. |
| ChartMill Relative Strength | 23.63 | NEGATIVE | CHE has a low relative strength, it was outperformed by 76.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CHE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.12 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.82 | POSITIVE | The MACD value suggests CHE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.86 | OVERBOUGHT | The high Stochastics value suggests CHE may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for CHE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.93 | NEUTRAL | The ADX value for CHE suggests a possible start of a new trend. |
468.32
-10.22 (-2.14%)
CHEMED CORP / CHE FAQ
What is the technical rating for CHE stock?
ChartMill assigns a technical rating of 7 / 10 to CHE.
What is the current trend direction of CHEMED CORP (CHE) stock?
The current trend direction for CHEMED CORP (CHE) is Bullish.
Can you provide the RSI signal for CHEMED CORP?
CHEMED CORP (CHE) has an RSI value of 59.1232. This indicates that the stock is currently neutral.
What is the MACD signal for CHE stock?
The MACD indicator for CHEMED CORP (CHE) has a value of 1.82114, indicating a bullish trend.
Can you provide the short term momentum for CHEMED CORP?
The short term momentum for CHEMED CORP (CHE) is positive.