CHESAPEAKE ENERGY CORP (CHK) Stock Technical Analysis
NASDAQ:CHK - Nasdaq - US1651677353 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CHK. Recently some decent action could be observed, but in the medium term time frame this is still negative. CHK was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CHK is a bad performer in the overall market: 77% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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 part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, CHK did better than 47% of them.
CHK 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 CHK is lagging the market slightly.
Volume is considerably higher in the last couple of days.
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
69.61
93.89
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.
When analyzing the resistance we notice 2 important areas.
- 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.
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. |
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)
81.46
-0.79 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.96%
1 Week1.71%
2 Weeks11.07%
1 Month12.84%
3 Month-1.03%
6 Month-8.99%
12 Month-6.67%
2 Year-20.35%
3 Year27.8%
5 Year-86.86%
10 Year-98.41%
15 Year-97.61%
Volatility
ATR(14)2.15
ATR(20)%2.61%
ATR Inc-20%
Range Today1.7
ADR(20)2.07
ADR(20)%2.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.43
Mansfield-1.25
10 Day High83.86
10 Day Low73.33
20 Day High83.86
20 Day Low69.12
52 Week High93.58
52 Week Low69.12
CS1 End75.67
CR1 Start88.68
Volume & EV
DER(3)0.77%
DER(5)2.34%
Volume4.27M
Volume Incr130.15%
Vol(5)5.01M
Vol(50)2.33M