Taking everything into account, CHRD scores 7 out of 10 in our technical rating. In the last year, CHRD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CHRD has a been trading in the 90.07 - 103.43 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, CHRD turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- CHRD is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, CHRD did better than 45% of them.
- CHRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHRD is lagging the market.
Although CHRD 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
86.94
3 important support areas can be observed.
- A support zone ranging from 94.57 to 96.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.30 from a trend line in the weekly time frame.
- A support zone ranging from 87.82 to 90.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @109.89 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 CHRD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHRD is up. |
| ChartMill Relative Strength | 54.57 | NEUTRAL | CHRD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.41 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests CHRD has a positive trend. |
| Stochastics (14,3) | 79.6 | NEUTRAL | The Stochastics value for CHRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for CHRD suggests a possible start of a new trend. |
102.89
+4.42 (+4.49%)
CHORD ENERGY CORP / CHRD FAQ
What is the technical rating for CHRD stock?
ChartMill assigns a technical rating of 7 / 10 to CHRD.
Can you provide the trend direction for CHORD ENERGY CORP?
The current trend direction for CHORD ENERGY CORP (CHRD) is Bearish.
Can you provide the RSI signal for CHORD ENERGY CORP?
CHORD ENERGY CORP (CHRD) has an RSI value of 63.4073. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHORD ENERGY CORP?
The short term momentum for CHORD ENERGY CORP (CHRD) is positive.
What are the support and resistance levels for CHORD ENERGY CORP (CHRD) stock?
CHORD ENERGY CORP (CHRD) has a support level at 96.03 and a resistance level at 109.89. Check the full technical report for our detailed analysis of CHRD support and resistance levels.