CHR Technical Analysis - CHEER HOLDING INC-A

Technical Rating and Analysis

Overall CHR gets a technical rating of 0 out of 10. CHR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

99% of all other stocks performed better in the past year than CHR.

CHR is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 91% are performing better than CHR.

CHR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month CHR has a been trading in the 0.65 - 1.22 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHEER HOLDING INC-A / CHR Weekly stock chart

CHEER HOLDING INC-A / CHR Daily stock chart

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.77

1.59

2 important resistance areas can be observed.

A resistance zone ranging from 0.84 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.57 from a trend line in the weekly time frame.

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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	1.71	NEGATIVE	CHR has a low relative strength, it was outperformed by 98.29% 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)	42.7	NEUTRAL	The RSI value for CHR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests CHR has a positive trend.
Stochastics (14,3)	29.58	NEUTRAL	The Stochastics value for CHR is a neutral value.
Average True Range in percent/ATR (20)	11.27	HIGH VOLATILITY	The high ATR as a percentage value for CHR suggests high volalility.
Average Directional Index/ADX (14)	16.83	NEGATIVE	The low ADX value for CHR suggests a weak or negative trend.