CHANGE HEALTHCARE INC (CHNG) Stock Technical Analysis
USA - NASDAQ:CHNG - US15912K1007 - Common Stock
We assign a technical rating of 10 out of 10 to CHNG. Both in the recent history as in the last year, CHNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CHNG has an excellent technical rating, it 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.
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21.58
5 important support areas can be observed.
- 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.
What is the trend direction for CHNG stock?
The current trend direction for CHANGE HEALTHCARE INC (CHNG) is Bullish.
What is the RSI signal for CHNG stock?
CHANGE HEALTHCARE INC (CHNG) has an RSI value of 82.6561. This indicates that the stock is currently overbought.
What is the short term momentum for CHANGE HEALTHCARE INC (CHNG) stock?
The short term momentum for CHANGE HEALTHCARE INC (CHNG) is positive.
Can you provide the support and resistance levels for CHANGE HEALTHCARE INC?
CHANGE HEALTHCARE INC (CHNG) has a support level at 25.72 and a resistance level at 27.5. Check the full technical report for our detailed analysis of CHNG support and resistance levels.