We assign a technical rating of 0 out of 10 to CHNR. CHNR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CHNR is bad and it also does not present a 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.
More info and screens
3.21
We found 1 important support area.
- A support zone ranging from 3.24 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.
- A resistance zone ranging from 3.79 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.02 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.50 from a trend line in the weekly time frame.
- Resistance @5.97 from a trend line in the weekly time frame.
- Resistance @6.57 from a horizontal line in the weekly 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 CHNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHNR is down. |
| ChartMill Relative Strength | 11.09 | NEGATIVE | CHNR has a low relative strength, it was outperformed by 88.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHNR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.4 | NEUTRAL | The RSI value for CHNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHNR has a negative trend. |
| Stochastics (14,3) | 7.71 | OVERSOLD | The low Stochastics value suggests CHNR may be oversold. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for CHNR suggests high volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for CHNR suggests a weak or negative trend. |
3.45
-0.05 (-1.43%)
CHINA NATURAL RESOURCES INC / CHNR FAQ
What is the technical rating for CHNR stock?
ChartMill assigns a technical rating of 0 / 10 to CHNR.
Can you provide the trend direction for CHINA NATURAL RESOURCES INC?
The current trend direction for CHINA NATURAL RESOURCES INC (CHNR) is Bearish.
What is the RSI signal for CHNR stock?
CHINA NATURAL RESOURCES INC (CHNR) has an RSI value of 37.3977. This indicates that the stock is currently neutral.
What is the MACD signal for CHNR stock?
The MACD indicator for CHINA NATURAL RESOURCES INC (CHNR) has a value of -0.0223889, indicating a bearish trend.
What is the support and resistance level for CHNR stock?
CHINA NATURAL RESOURCES INC (CHNR) has a support level at 3.31 and a resistance level at 3.79. Check the full technical report for our detailed analysis of CHNR support and resistance levels.