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'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
69% of all other stocks performed better in the past year than CHE.
In the last month CHE has a been trading in the 538.82 - 578.57 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.
CHE is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, CHE did better than 46% of them.
CHE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHE is lagging the market.
Volume is considerably higher in the last couple of days.
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. There is a resistance zone just above the current price starting at 561.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 556.69, a Stop Loss order could be placed below this zone.
More info and screens
512.26
625.41
When analyzing the support we notice one important area.
- A support zone ranging from 517.43 to 556.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 561.50 to 566.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @595.15 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 | DOWN | NEGATIVE | The long term trend for CHE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHE is neutral. |
| ChartMill Relative Strength | 31.47 | NEUTRAL | CHE is not amongst the best or worst performers 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) | 49.94 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests CHE has a positive trend. |
| Stochastics (14,3) | 66.78 | NEUTRAL | The Stochastics value for CHE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for CHE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.46 | 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)
559.36
+3.48 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.63%
1 Week1.95%
2 Weeks0.24%
1 Month-2.41%
3 Month-7.65%
6 Month6.99%
12 Month3.09%
2 Year3.27%
3 Year19.17%
5 Year24.01%
10 Year326.67%
15 Year923.72%
Volatility
ATR(14)9.36
ATR(20)%1.58%
ATR Inc-12.9%
Range Today8.6
ADR(20)8.41
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.47
Mansfield-0.8
10 Day High562.77
10 Day Low538.82
20 Day High578.57
20 Day Low538.82
52 Week High623.61
52 Week Low512.12
CS1 End556.69
CR1 Start561.5
Volume & EV
DER(3)-0.55%
DER(5)-0.27%
Volume337.30K
Volume Incr58.7%
Vol(5)192.84K
Vol(50)135.08K