CHESAPEAKE ENERGY CORP -CW26 (CHKEW) Stock Technical Analysis
NASDAQ:CHKEW - Nasdaq - - Currency: USD
Taking everything into account, CHKEW scores 1 out of 10 in our technical rating. CHKEW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: CHKEW has an average volume of 550 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, CHKEW turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
CHKEW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHKEW is lagging the market.
In the last month CHKEW has a been trading in the 60.70 - 85.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of CHKEW is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
70.73
85.11
We found 1 important support area.
- A support zone ranging from 71.44 to 71.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 73.81 to 74.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @80.85 from a horizontal line in the weekly time frame.
- Resistance @84.27 from a trend line 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 | DOWN | NEGATIVE | The long term trend for CHKEW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHKEW is down. |
| ChartMill Relative Strength | 45.24 | NEUTRAL | CHKEW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHKEW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHKEW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHKEW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.23 | NEUTRAL | The RSI value for CHKEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests CHKEW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.9 | OVERSOLD | The low Stochastics value suggests CHKEW may be oversold. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKEW suggests some volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for CHKEW 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)
NASDAQ:CHKEW (9/26/2024, 8:00:00 PM)
71.89
+8.19 (+12.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg12.86%
1 Week12.8%
2 Weeks-8.46%
1 Month-3.35%
3 Month-6.27%
6 Month-0.77%
12 Month23.69%
2 Year-8.46%
3 Year97.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.35
ATR(20)%3.91%
ATR Inc90.07%
Range Today0
ADR(20)0.19
ADR(20)%0.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.24
Mansfield-3.11
10 Day High77.13
10 Day Low60.7
20 Day High85.72
20 Day Low60.7
52 Week High102.3
52 Week Low53.89
CS1 End71.88
CR1 Start73.81
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-83.45%
Vol(5)120
Vol(50)550