CHEK Technical Analysis - CHECK CAP LTD

Technical Rating and Analysis

Taking everything into account, CHEK scores 6 out of 10 in our technical rating. In the last year, CHEK was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month CHEK has a been trading in the 1.49 - 2.44 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

CHEK is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 95% of 190 stocks in the same industry.

CHEK has an average volume of 3769090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the yearly performance of all stocks, we notice that CHEK is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

CHEK has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.53

2.31

When analyzing the support we notice one important area.

A support zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @2.00 from a trend line in the daily time frame.
A resistance zone ranging from 2.23 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.29 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for CHEK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CHEK is down.
ChartMill Relative Strength	94.61	POSITIVE	CHEK has a high relative strength, it outperformed 94.61% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CHEK is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CHEK is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CHEK is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.11	NEUTRAL	The RSI value for CHEK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests CHEK has a negative trend.
Stochastics (14,3)	6.12	OVERSOLD	The low Stochastics value suggests CHEK may be oversold.
Average True Range in percent/ATR (20)	13.42	HIGH VOLATILITY	The high ATR as a percentage value for CHEK suggests high volalility.
Average Directional Index/ADX (14)	45.15	POSITIVE	The high ADX value value for CHEK suggests a strong trend.