CHINA NATURAL RESOURCES INC (CHNR) Stock Technical Analysis
USA - NASDAQ:CHNR - VGG2110U1259 - Common Stock
4.9 USD
-0.19 (-3.73%)
4.6 USD
-0.3 (-6.12%)
We assign a technical rating of 7 out of 10 to CHNR. In the last year, CHNR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CHNR is one of the lesser performing stocks in the Metals & Mining industry. 69% of 156 stocks in the same industry do better.
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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CHNR has a been trading in the 3.57 - 5.20 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CHNR turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CHNR 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
4.85
5.47
We can see 3 important resistance areas.
- Resistance @4.91 from a horizontal line in the weekly time frame.
- Resistance @5.09 from a horizontal line in the daily time frame.
- Resistance @5.42 from a trend line in the daily 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 | 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 | 63.75 | NEUTRAL | CHNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHNR is above the rising 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) | DOWN | MIXED | The current price of CHNR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.32 | NEUTRAL | The RSI value for CHNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CHNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.32 | OVERBOUGHT | The high Stochastics value suggests CHNR may be overbought. |
| Average True Range in percent/ATR (20) | 7.98 | HIGH VOLATILITY | The high ATR as a percentage value for CHNR suggests high volalility. |
| Average Directional Index/ADX (14) | 30.5 | POSITIVE | The high ADX value value for CHNR suggests a strong trend. |
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)
4.9
-0.19 (-3.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.73%
1 Week19.51%
2 Weeks22.22%
1 Month34.62%
3 Month21.89%
6 Month5.37%
12 Month0.39%
2 Year-68.13%
3 Year-75.99%
5 Year-89.06%
10 Year-91.94%
15 Year-98.88%
Volatility
ATR(14)0.5
ATR(20)%7.98%
ATR Inc-3.58%
Range Today0.54
ADR(20)0.36
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.75
Mansfield-0.46
10 Day High5.2
10 Day Low3.7
20 Day High5.2
20 Day Low3.57
52 Week High9.04
52 Week Low3.16
CS1 EndN/A
CR1 Start4.91
Volume & EV
DER(3)-1.7%
DER(5)0.67%
Volume58.50K
Volume Incr-14.91%
Vol(5)52.26K
Vol(50)66.98K