CHEF Technical Analysis - CHEFS' WAREHOUSE INC/THE

Technical Rating and Analysis

Taking everything into account, CHEF scores 2 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.

In the last month CHEF has a been trading in the 53.20 - 68.30 range, which is quite wide. It is currently trading near the lows of this range.

CHEF is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 76% of 39 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the yearly performance of all stocks, we notice that CHEF is one of the better performing stocks in the market, outperforming 71% of all stocks. However, we also see that CHEF couldn't keep up this performance in the last couple of months.

CHEF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHEF is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHEFS' WAREHOUSE INC/THE / CHEF Weekly stock chart

CHEFS' WAREHOUSE INC/THE / CHEF Daily stock chart

Setup Rating and Analysis

The technical rating of CHEF is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

51.28

69.25

When analyzing the support we notice one important area.

Support @51.80 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @67.05 from a horizontal line in the daily time frame.
Resistance @68.56 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for CHEF is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CHEF is down.
ChartMill Relative Strength	71.71	POSITIVE	CHEF has a high relative strength, it outperformed 71.71% 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)	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)	31.59	NEUTRAL	The RSI value for CHEF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.92	NEGATIVE	The MACD value suggests CHEF has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.2	OVERSOLD	The low Stochastics value suggests CHEF may be oversold.
Average True Range in percent/ATR (20)	3.63	MEDIUM VOLATILITY	The ATR as a percentage value for CHEF suggests some volalility.
Average Directional Index/ADX (14)	29.48	POSITIVE	The high ADX value value for CHEF suggests a strong trend.