CHANGE HEALTHCARE INC (CHNG) Technical Analysis
NASDAQ:CHNG • US15912K1007
Current stock price
27.49 USD
+0.07 (+0.26%)
At close:
27.45 USD
-0.04 (-0.15%)
After Hours:
CHNG Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CHNG is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, CHNG also shows a nice and consistent pattern of rising prices.
- CHNG is part of the Health Care Technology industry. There are 35 other stocks in this industry. CHNG outperforms 100% of them.
- CHNG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CHNG is leading 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.
CHNG Weekly and Daily overview Charts
CHNG Setup Rating and Analysis
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
CHNG Support and Resistance Analysis
21.58
27.78
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.
CHNG Technical Indicator Signal Analysis
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. |
CHNG Chart- and CandleStick Pattern Analysis
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)
CHNG Technicals: Chart, Performance Metrics, Trend & Indicators
27.49
+0.07 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.26%
1 Week0.62%
2 Weeks7.85%
1 Month11.07%
3 Month15.89%
6 Month26.1%
12 Month30.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%1.11%
ATR Inc-51.08%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.77
3 months CRSN/A
6 months CRSN/A
Mansfield4.42
10 Day High27.59
10 Day Low25.43
20 Day High27.59
20 Day Low24.7
52 Week High27.59
52 Week Low18.97
CS1 End25.72
CR1 Start27.5
Volume & EV
DER(3)-4.5%
DER(5)-3.29%
Volume28.98M
Volume Incr255.53%
Vol(5)23.91M
Vol(50)6.35M
CHANGE HEALTHCARE INC / CHNG TA 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.