CHORD ENERGY CORP (CHRD) Stock Technical Analysis
NASDAQ:CHRD - Nasdaq - US6742152076 - Common Stock - Currency: USD
Overall CHRD gets a technical rating of 1 out of 10. CHRD 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CHRD is a bad performer in the overall market: 91% of all stocks are doing better.
CHRD is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 83% are performing better than CHRD.
CHRD is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CHRD is lagging the market.
In the last month CHRD has a been trading in the 88.27 - 100.47 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.
CHRD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 90.36, a Stop Loss order could be placed below this zone.
More info and screens
86.94
128.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 90.14 to 90.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @87.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @94.76 from a trend line in the daily time frame.
- A resistance zone ranging from 96.64 to 97.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 99.49 to 100.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @114.41 from a horizontal line in the daily time frame.
- Resistance @127.41 from a horizontal line in the daily 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 CHRD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHRD is down. |
| ChartMill Relative Strength | 9.22 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 90.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHRD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHRD is below a declining 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) | 44.21 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CHRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.14 | NEUTRAL | The Stochastics value for CHRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for CHRD 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)
91
+0.97 (+1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.08%
1 Week0.51%
2 Weeks-7.12%
1 Month0.85%
3 Month-20.38%
6 Month-28.64%
12 Month-50.92%
2 Year-36.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.93
ATR(20)%3.32%
ATR Inc-37.11%
Range Today1.63
ADR(20)2.49
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.22
Mansfield-3.08
10 Day High96.85
10 Day Low88.27
20 Day High100.47
20 Day Low88.27
52 Week High188.02
52 Week Low79.83
CS1 End90.36
CR1 Start94.76
Volume & EV
DER(3)-3.07%
DER(5)-3.25%
Volume549.90K
Volume Incr-27%
Vol(5)572.46K
Vol(50)888.83K