CHINA NATURAL RESOURCES INC (CHNR) Technical Analysis
NASDAQ:CHNR • VGG2110U1259
Current stock price
CHNR Technical Rating and Analysis
Taking everything into account, CHNR scores 5 out of 10 in our technical rating. CHNR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 77% of all other stocks performed better in the past year than CHNR.
- CHNR is part of the Metals & Mining industry. There are 163 other stocks in this industry, of which 72% are performing better than CHNR.
- CHNR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CHNR has a been trading in the 3.60 - 4.96 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.
CHNR Weekly and Daily overview Charts
CHNR Setup Rating and Analysis
Although the technical rating is only medium, CHNR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 3.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHNR 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
CHNR Support and Resistance Analysis
3.26
2 important support areas can be observed.
- A support zone ranging from 3.83 to 3.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.29 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @4.21 from a horizontal line in the daily time frame.
- Resistance @4.30 from a trend line in the weekly time frame.
- Resistance @4.63 from a horizontal line in the weekly time frame.
- Resistance @5.04 from a trend line in the daily time frame.
- Resistance @6.57 from a horizontal line in the weekly time frame.
CHNR 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 | NEUTRAL | NEUTRAL | The long term trend for CHNR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHNR is up. |
| ChartMill Relative Strength | 23.49 | NEGATIVE | CHNR has a low relative strength, it was outperformed by 76.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CHNR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CHNR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.18 | NEUTRAL | The RSI value for CHNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CHNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.33 | NEUTRAL | The Stochastics value for CHNR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for CHNR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.74 | POSITIVE | The high ADX value value for CHNR suggests a strong trend. |
CHNR Chart- and CandleStick Pattern Analysis
CHNR Technicals: Chart, Performance Metrics, Trend & Indicators
4.13
+0.01 (+0.24%)
CHINA NATURAL RESOURCES INC / CHNR TA FAQ
What is the technical rating for CHNR stock?
ChartMill assigns a technical rating of 5 / 10 to CHNR.
What is the current trend direction of CHINA NATURAL RESOURCES INC (CHNR) stock?
The current trend direction for CHINA NATURAL RESOURCES INC (CHNR) is Bearish.
What is the RSI signal for CHINA NATURAL RESOURCES INC (CHNR) stock?
CHINA NATURAL RESOURCES INC (CHNR) has an RSI value of 53.1847. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHINA NATURAL RESOURCES INC?
The MACD indicator for CHINA NATURAL RESOURCES INC (CHNR) has a value of -0.00196503, indicating a bearish trend.
Can you provide the support and resistance levels for CHINA NATURAL RESOURCES INC?
CHINA NATURAL RESOURCES INC (CHNR) has a support level at 3.87 and a resistance level at 4.21. Check the full technical report for our detailed analysis of CHNR support and resistance levels.