CHEFS' WAREHOUSE INC/THE (CHEF) Stock Technical Analysis
USA - NASDAQ:CHEF - US1630861011 - Common Stock
We assign a technical rating of 4 out of 10 to CHEF. Although CHEF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CHEF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
54.04
We found 2 important support areas.
- Support @57.41 from a trend line in the weekly time frame.
- A support zone ranging from 54.59 to 56.06. 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 60.31 to 60.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.03 to 63.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 67.05 to 67.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @68.56 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CHEF is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHEF is neutral. |
| ChartMill Relative Strength | 83.92 | POSITIVE | CHEF has a high relative strength, it outperformed 83.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHEF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHEF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CHEF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.47 | NEUTRAL | The RSI value for CHEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CHEF has a negative trend. |
| Stochastics (14,3) | 41.41 | NEUTRAL | The Stochastics value for CHEF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CHEF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for CHEF suggests a weak or negative trend. |
58.94
-0.56 (-0.94%)
CHEFS' WAREHOUSE INC/THE / CHEF FAQ
Can you provide the ChartMill technical rating for CHEFS' WAREHOUSE INC/THE?
ChartMill assigns a technical rating of 4 / 10 to CHEF.
What is the current trend direction of CHEFS' WAREHOUSE INC/THE (CHEF) stock?
The current trend direction for CHEFS' WAREHOUSE INC/THE (CHEF) is Bearish.
What is the RSI signal for CHEFS' WAREHOUSE INC/THE (CHEF) stock?
CHEFS' WAREHOUSE INC/THE (CHEF) has an RSI value of 44.4711. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHEFS' WAREHOUSE INC/THE?
The MACD indicator for CHEFS' WAREHOUSE INC/THE (CHEF) has a value of -0.139804, indicating a bearish trend.
Can you provide the support and resistance levels for CHEFS' WAREHOUSE INC/THE?
CHEFS' WAREHOUSE INC/THE (CHEF) has a support level at 57.41 and a resistance level at 60.31. Check the full technical report for our detailed analysis of CHEF support and resistance levels.