CHESAPEAKE ENERGY CORP (CHK)
US1651677353 - Common Stock
Taking everything into account, CHK scores 7 out of 10 in our technical rating. Although CHK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CHK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CHK is performing more or less in line with the market.
In the last month CHK has a been trading in the 85.23 - 91.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CHK has an average volume of 1919780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CHK is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CHK is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, CHK did better than 50% of them.
Besides having an excellent technical rating, CHK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 90.26. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CHK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
73.02
91.20
We found 3 important support areas.
- Strong support @82.16 from a horizontal line in the daily time frame.
- A support zone ranging from 76.54 to 77.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 73.76 to 75.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 90.26 to 90.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.71
Mansfield-0.24
10 Day High90.74
10 Day Low85.45
20 Day High91.03
20 Day Low85.23
52 Week High91.03
52 Week Low72.84
Performance
1 Week-1.22%
2 Weeks-2.23%
1 Month1.46%
3 Month15.24%
6 Month-0.58%
12 Month8.24%
2 Year6.69%
3 Year92.03%
5 Year-90.25%
10 Year-98.31%
15 Year-98.78%
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)
Technical Indicators
MACD(12,26,9)-0.51
RSI(14)53.15
LBB86.38
UBB90.99
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 |
|---|---|---|---|
| 88.36 | 85.43 | 2.92 (3.31%) | 25.00% |
| An entry @88.36. This is a Buy Stop order right above the 10 day moving average. | An exit @85.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.92 points, which is 3.31%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CHESAPEAKE ENERGY CORP
NASDAQ:CHK (4/19/2024, 7:00:00 PM)
After market: 87.51 0 (0%)87.51
+0.19 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.22%
1 Week-1.22%
2 Weeks-2.23%
1 Month1.46%
3 Month15.24%
6 Month-0.58%
12 Month8.24%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.78
ATR(20)%1.95%
ATR Inc
Range Today1.42
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High90.74
10 Day Low85.45
20 Day High91.03
20 Day Low85.23
52 Week High91.03
52 Week Low72.84
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.22M
Volume Incr-30.61%
Vol(5)1.28M
Vol(50)1.92M