CHEER HOLDING INC-A (CHR) Technical Analysis
NASDAQ:CHR • KYG399731218
Current stock price
CHR Technical Rating and Analysis
Overall CHR gets a technical rating of 0 out of 10. CHR'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CHR is a bad performer in the overall market: 99% of all stocks are doing better.
- CHR is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 86% are performing better than CHR.
- CHR is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CHR is lagging the market.
- In the last month CHR has a been trading in the 0.95 - 1.62 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
CHR Weekly and Daily overview Charts
CHR Setup Rating and Analysis
The technical rating of CHR 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
CHR Support and Resistance Analysis
0.97
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.16 from a trend line in the daily time frame.
CHR 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 | DOWN | NEGATIVE | The long term trend for CHR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHR is down. |
| ChartMill Relative Strength | 1.86 | NEGATIVE | CHR has a low relative strength, it was outperformed by 98.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.99 | OVERSOLD | The low RSI value suggests CHR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.81 | OVERSOLD | The low Stochastics value suggests CHR may be oversold. |
| Average True Range in percent/ATR (20) | 10.87 | HIGH VOLATILITY | The high ATR as a percentage value for CHR suggests high volalility. |
| Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for CHR suggests a weak or negative trend. |
CHR Chart- and CandleStick Pattern Analysis
CHR Technicals: Chart, Performance Metrics, Trend & Indicators
0.9805
-0.01 (-0.96%)
CHEER HOLDING INC-A / CHR TA FAQ
What is the technical rating for CHR stock?
ChartMill assigns a technical rating of 0 / 10 to CHR.
Can you provide the trend direction for CHEER HOLDING INC-A?
The current trend direction for CHEER HOLDING INC-A (CHR) is Bearish.
Can you provide the RSI signal for CHEER HOLDING INC-A?
CHEER HOLDING INC-A (CHR) has an RSI value of 26.9891. This indicates that the stock is currently oversold.
What is the short term momentum for CHR stock?
The short term momentum for CHEER HOLDING INC-A (CHR) is negative.
Can you provide the support and resistance levels for CHEER HOLDING INC-A?
CHEER HOLDING INC-A (CHR) has a resistance level at 1.08. Check the full technical report for our detailed analysis of CHR support and resistance levels.