CHEFS' WAREHOUSE INC/THE (CHEF) Technical Analysis
NASDAQ:CHEF • US1630861011
Current stock price
CHEF Technical Rating and Analysis
Taking everything into account, CHEF scores 1 out of 10 in our technical rating. CHEF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month CHEF has a been trading in the 56.56 - 65.16 range, which is quite wide. It is currently trading near the lows of this range.
- When compared to the yearly performance of all other stocks, CHEF outperforms 46% of them, which is more or less in line with the market.
- CHEF is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, CHEF did better than 45% of them.
- CHEF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHEF is lagging the market slightly.
CHEF Weekly and Daily overview Charts
CHEF Setup Rating and Analysis
Although the technical rating is bad, CHEF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 57.58, a Stop Loss order could be placed below this zone.
More info and screens
CHEF Support and Resistance Analysis
56.70
We found 1 important support area.
- A support zone ranging from 57.27 to 57.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.02 from a trend line in the daily time frame.
- A resistance zone ranging from 64.27 to 64.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
CHEF 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 | DOWN | NEGATIVE | The long term trend for CHEF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHEF is down. |
| ChartMill Relative Strength | 46.6 | NEUTRAL | CHEF is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CHEF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.31 | NEUTRAL | The RSI value for CHEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CHEF has a negative trend. |
| Stochastics (14,3) | 17.55 | OVERSOLD | The low Stochastics value suggests CHEF may be oversold. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CHEF suggests some volalility. |
| Average Directional Index/ADX (14) | 31.45 | POSITIVE | The high ADX value value for CHEF suggests a strong trend. |
CHEF Chart- and CandleStick Pattern Analysis
CHEF Technicals: Chart, Performance Metrics, Trend & Indicators
57.59
-0.98 (-1.67%)
CHEFS' WAREHOUSE INC/THE / CHEF TA FAQ
Can you provide the ChartMill technical rating for CHEFS' WAREHOUSE INC/THE?
ChartMill assigns a technical rating of 1 / 10 to CHEF.
Can you provide the trend direction for CHEFS' WAREHOUSE INC/THE?
The current trend direction for CHEFS' WAREHOUSE INC/THE (CHEF) is Bearish.
Can you provide the RSI signal for CHEFS' WAREHOUSE INC/THE?
CHEFS' WAREHOUSE INC/THE (CHEF) has an RSI value of 33.3062. This indicates that the stock is currently neutral.
What is the MACD signal for CHEF stock?
The MACD indicator for CHEFS' WAREHOUSE INC/THE (CHEF) has a value of -0.198426, indicating a bearish trend.
What is the short term momentum for CHEF stock?
The short term momentum for CHEFS' WAREHOUSE INC/THE (CHEF) is negative.