Taking everything into account, CHEF scores 4 out of 10 in our technical rating. 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. There is a support zone below the current price at 60.03, a Stop Loss order could be placed below this zone.
54.04
We found 3 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | 73.73 | POSITIVE | CHEF has a high relative strength, it outperformed 73.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHEF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHEF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHEF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.35 | NEUTRAL | The RSI value for CHEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests CHEF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.94 | OVERSOLD | The low Stochastics value suggests CHEF may be oversold. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CHEF suggests some volalility. |
| Average Directional Index/ADX (14) | 13.76 | NEGATIVE | The low ADX value for CHEF suggests a weak or negative trend. |
60.99
+0.6 (+0.99%)
ChartMill assigns a technical rating of 4 / 10 to CHEF.
The current trend direction for CHEFS' WAREHOUSE INC/THE (CHEF) is Bearish.
CHEFS' WAREHOUSE INC/THE (CHEF) has an RSI value of 45.3529. This indicates that the stock is currently neutral.
The short term momentum for CHEFS' WAREHOUSE INC/THE (CHEF) is neutral.