CHORD ENERGY CORP (CHRD) Technical Analysis
NASDAQ:CHRD • US6742152076
We assign a technical rating of 9 out of 10 to CHRD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHRD is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CHRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CHRD is leading the market.
- In the last month CHRD has a been trading in the 97.40 - 127.56 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, CHRD did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- CHRD is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 47% of 207 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although CHRD has an excellent technical rating, the quality of the presented setup is not ideal 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
5 important support areas can be observed.
- A support zone ranging from 105.56 to 106.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.19 from a trend line in the weekly time frame.
- Support @92.28 from a trend line in the daily time frame.
- Support @89.65 from a horizontal line in the weekly time frame.
- Support @87.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 122.99 to 124.80. 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 | UP | POSITIVE | The long term trend for CHRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHRD is up. |
| ChartMill Relative Strength | 83.29 | POSITIVE | CHRD has a high relative strength, it outperformed 83.29% 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) | UP | POSITIVE | The current price of CHRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.33 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.24 | POSITIVE | The MACD value suggests CHRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.67 | NEUTRAL | The Stochastics value for CHRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.84 | POSITIVE | The high ADX value value for CHRD suggests a strong trend. |
CHRD Technicals: Chart, Performance Metrics, Trend & Indicators
122.98
-1.82 (-1.46%)
CHORD ENERGY CORP / CHRD FAQ
What is the technical rating for CHRD stock?
ChartMill assigns a technical rating of 9 / 10 to CHRD.
Can you provide the trend direction for CHORD ENERGY CORP?
The current trend direction for CHORD ENERGY CORP (CHRD) is Bullish.
Can you provide the RSI signal for CHORD ENERGY CORP?
CHORD ENERGY CORP (CHRD) has an RSI value of 69.327. 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 106.28 and a resistance level at 122.99. Check the full technical report for our detailed analysis of CHRD support and resistance levels.