CHESAPEAKE ENERGY CORP (CHK) Technical Analysis
NASDAQ:CHK • US1651677353
Current stock price
CHK Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to CHK. In the past year, CHK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CHK is a bad performer in the overall market: 77% of all stocks are doing better.
- CHK is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 83% of 209 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CHK has a been trading in the 69.12 - 83.86 range, which is quite wide. It is currently trading near the high of this range.
- CHK has an average volume of 2333780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CHK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHK is lagging the market.
- Volume is considerably higher in the last couple of days.
CHK Weekly and Daily overview Charts
CHK Setup Rating and Analysis
CHK has an average technical rating and it also does not offer a high 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.
More info and screens
CHK Support and Resistance Analysis
69.61
We found 3 important support areas.
- A support zone ranging from 74.58 to 75.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @72.07 from a horizontal line in the weekly time frame.
- A support zone ranging from 70.31 to 70.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @88.68 from a trend line in the weekly time frame.
- A resistance zone ranging from 92.06 to 92.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
CHK 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 CHK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHK is up. |
| ChartMill Relative Strength | 23.43 | NEGATIVE | CHK has a low relative strength, it was outperformed by 76.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.96 | NEUTRAL | The RSI value for CHK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests CHK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.04 | OVERBOUGHT | The high Stochastics value suggests CHK may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CHK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for CHK suggests a strong trend. |
CHK Chart- and CandleStick Pattern Analysis
CHK Technicals: Chart, Performance Metrics, Trend & Indicators
81.46
-0.79 (-0.96%)
CHESAPEAKE ENERGY CORP / CHK TA FAQ
What is the ChartMill technical rating of CHESAPEAKE ENERGY CORP (CHK) stock?
ChartMill assigns a technical rating of 5 / 10 to CHK.
Can you provide the trend direction for CHESAPEAKE ENERGY CORP?
The current trend direction for CHESAPEAKE ENERGY CORP (CHK) is Bearish.
What is the RSI signal for CHESAPEAKE ENERGY CORP (CHK) stock?
CHESAPEAKE ENERGY CORP (CHK) has an RSI value of 65.9599. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CHESAPEAKE ENERGY CORP?
CHESAPEAKE ENERGY CORP (CHK) has a support level at 75.67 and a resistance level at 88.68. Check the full technical report for our detailed analysis of CHK support and resistance levels.