CHEFS' WAREHOUSE INC/THE (CHEF) Stock Technical Analysis
NASDAQ:CHEF - Nasdaq - US1630861011 - Common Stock - Currency: USD
Taking everything into account, CHEF scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHEF is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CHEF did better than 88% of all other stocks. On top of that, CHEF also shows a nice and consistent pattern of rising prices.
CHEF is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry. CHEF outperforms 79% of them.
CHEF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CHEF has a been trading in the 60.38 - 68.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHEF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.76, a Stop Loss order could be placed below this zone.
More info and screens
48.44
67.72
We found 5 important support areas.
- A support zone ranging from 63.36 to 64.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 60.90 to 61.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.94 from a trend line in the weekly time frame.
- A support zone ranging from 55.01 to 55.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.93 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 65.30 to 65.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 66.35 to 67.05. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CHEF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHEF is up. |
| ChartMill Relative Strength | 88.29 | POSITIVE | CHEF has a high relative strength, it outperformed 88.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHEF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHEF is above 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) | 53.27 | NEUTRAL | The RSI value for CHEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CHEF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.69 | NEUTRAL | The Stochastics value for CHEF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for CHEF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for CHEF suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.31 | 63.35 | 1.96 (3.00%) | 25.00% |
| An entry @65.31. This is a Buy Stop order right above the resistance zone. | An exit @63.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.96 points, which is 3.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHEF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
64.82
-1.49 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-2.25%
1 Week-0.6%
2 Weeks1.38%
1 Month6.43%
3 Month20.71%
6 Month22.42%
12 Month56.38%
2 Year78.37%
3 Year87.29%
5 Year462.19%
10 Year276.86%
15 YearN/A
Volatility
ATR(14)2.39
ATR(20)%3.38%
ATR Inc10.52%
Range Today2.93
ADR(20)2.18
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.29
Mansfield1.73
10 Day High68.28
10 Day Low60.39
20 Day High68.28
20 Day Low60.39
52 Week High68.28
52 Week Low35.59
CS1 End64.76
CR1 Start65.3
Volume & EV
DER(3)2.91%
DER(5)2.65%
Volume304.10K
Volume Incr-22.19%
Vol(5)415.28K
Vol(50)458.99K