CHORUS AVIATION INC (CHR.CA) Stock Technical Analysis
TSX:CHR - Toronto Stock Exchange - CA17040T8885 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to CHR. Although CHR has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although the technical rating is only medium, CHR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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17.73
4 important support areas can be observed.
- A support zone ranging from 19.44 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.95 to 19.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.46 from a horizontal line in the weekly time frame.
- Support @17.91 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.12 to 20.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.07 from a horizontal line in the daily time frame.
- Resistance @23.03 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 | NEUTRAL | NEUTRAL | The long term trend for CHR.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHR.CA is up. |
| ChartMill Relative Strength | 79.97 | POSITIVE | CHR.CA has a high relative strength, it outperformed 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHR.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CHR.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for CHR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CHR.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.9 | OVERBOUGHT | The high Stochastics value suggests CHR.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CHR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.59 | POSITIVE | The high ADX value value for CHR.CA suggests a strong trend. |
TSX:CHR (5/23/2025, 7:00:00 PM)
20.11
-0.11 (-0.54%)