CHEER HOLDING INC-A (CHR) Stock Technical Analysis
NASDAQ:CHR - Nasdaq - KYG399732042 - Common Stock - Currency: USD
Taking everything into account, CHR scores 1 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
94% of all other stocks performed better in the past year than CHR.
CHR is one of the lesser performing stocks in the Interactive Media & Services industry. 82% of 71 stocks in the same industry do better.
CHR is currently trading in the lower part of its 52 week range. The S&P500 Index however 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 1.00 - 1.54 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CHR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.39, a Stop Loss order could be placed below this zone.
More info and screens
1.38
2.39
We found 1 important support area.
- A support zone ranging from 1.39 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.47 to 1.48. 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 1.53 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.31 from a trend line in the daily time frame.
- Resistance @2.37 from a trend 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 CHR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHR is neutral. |
| ChartMill Relative Strength | 6.21 | NEGATIVE | CHR has a low relative strength, it was outperformed by 93.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHR is above 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) | 50.34 | NEUTRAL | The RSI value for CHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.13 | NEUTRAL | The Stochastics value for CHR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for CHR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for CHR suggests a weak or negative 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)
1.4
-0.01 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.7%
1 Week-7.89%
2 Weeks-5.72%
1 Month29.03%
3 Month-47.68%
6 Month-42.86%
12 Month-49.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.8%
ATR Inc-51.49%
Range Today0.05
ADR(20)0.09
ADR(20)%6.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.21
Mansfield-4.1
10 Day High1.54
10 Day Low1.38
20 Day High1.54
20 Day Low1
52 Week High3.45
52 Week Low1
CS1 End1.39
CR1 Start1.47
Volume & EV
DER(3)-27.1%
DER(5)-11.29%
Volume12.10K
Volume Incr-75.29%
Vol(5)11.30K
Vol(50)39.81K