CHANGE HEALTHCARE INC (CHNG) Stock Technical Analysis
NASDAQ:CHNG • US15912K1007
Taking everything into account, CHNG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHNG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CHNG did better than 95% of all other stocks. We also observe that the gains produced by CHNG over the past year are nicely spread over this period.
- CHNG is one of the better performing stocks in the Health Care Technology industry, it outperforms 100% of 35 stocks in the same industry.
- CHNG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CHNG has a been trading in the 24.70 - 27.59 range, which is quite wide. It is currently trading near the high of this range.
- CHNG has an average volume of 6352370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although CHNG has an excellent technical rating, it does not present a decent entry opportunity 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
21.58
We found 5 important support areas.
- Support @25.72 from a trend line in the daily time frame.
- A support zone ranging from 24.57 to 24.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 23.77 to 23.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.60 from a horizontal line in the daily time frame.
- Support @21.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.50 to 27.50. 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 | UP | POSITIVE | The long term trend for CHNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHNG is up. |
| ChartMill Relative Strength | 95.77 | POSITIVE | CHNG has a high relative strength, it outperformed 95.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.66 | OVERBOUGHT | The high RSI value suggests CHNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CHNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.33 | OVERBOUGHT | The high Stochastics value suggests CHNG may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for CHNG suggests low volalility. |
| Average Directional Index/ADX (14) | 51.86 | POSITIVE | The high ADX value value for CHNG suggests a strong trend. |
27.49
+0.07 (+0.26%)
CHANGE HEALTHCARE INC / CHNG FAQ
What is the ChartMill technical rating of CHANGE HEALTHCARE INC (CHNG) stock?
ChartMill assigns a technical rating of 10 / 10 to CHNG.
Can you provide the trend direction for CHANGE HEALTHCARE INC?
The current trend direction for CHANGE HEALTHCARE INC (CHNG) is Bullish.
Can you provide the RSI signal for CHANGE HEALTHCARE INC?
CHANGE HEALTHCARE INC (CHNG) has an RSI value of 82.6561. This indicates that the stock is currently overbought.
What is the MACD signal for CHNG stock?
The MACD indicator for CHANGE HEALTHCARE INC (CHNG) has a value of 0.103002, indicating a bearish trend.
What is the short term momentum for CHANGE HEALTHCARE INC (CHNG) stock?
The short term momentum for CHANGE HEALTHCARE INC (CHNG) is positive.