CHORD ENERGY CORP (CHRD) Stock Technical Analysis
NASDAQ:CHRD - Nasdaq - US6742152076 - Common Stock - Currency: USD
Overall CHRD gets a technical rating of 5 out of 10. In the past year, CHRD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CHRD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 109.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 108.59, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
95.88
When analyzing the support we can see 4 important areas.
- Support @108.59 from a trend line in the daily time frame.
- A support zone ranging from 104.88 to 106.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 98.70 to 100.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.85 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 109.61 to 109.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 15.35 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 84.65% off all stocks 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) | DOWN | NEGATIVE | The current price of CHRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.6 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CHRD has a positive trend. |
| Stochastics (14,3) | 85.45 | OVERBOUGHT | The high Stochastics value suggests CHRD may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.64 | NEUTRAL | The ADX value for CHRD suggests a possible start of a new trend. |
NASDAQ:CHRD (7/25/2025, 3:13:19 PM)
109.3
-0.3 (-0.27%)