We assign a technical rating of 2 out of 10 to CHRD. Recently some decent action could be observed, but in the medium term time frame this is still negative. CHRD was also a bad performer in the overall market in the last year.
The technical rating of CHRD is bad and it also does not present a quality setup 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
86.53
When analyzing the support we notice one important area.
- A support zone ranging from 87.40 to 87.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @97.65 from a horizontal line in the daily time frame.
- Resistance @100.69 from a trend line in the weekly time frame.
- Resistance @109.89 from a horizontal line in the weekly time frame.
- Resistance @114.30 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 | UP | POSITIVE | The short term trend for CHRD is up. |
| ChartMill Relative Strength | 21.08 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 78.92% 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) | DOWN | MIXED | The current price of CHRD is above 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) | 60.68 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests CHRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.62 | OVERBOUGHT | The high Stochastics value suggests CHRD may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for CHRD suggests a weak or negative trend. |
97.28
-0.37 (-0.38%)
CHORD ENERGY CORP / CHRD FAQ
What is the technical rating for CHRD stock?
ChartMill assigns a technical rating of 2 / 10 to CHRD.
What is the trend direction for CHRD stock?
The current trend direction for CHORD ENERGY CORP (CHRD) is Bearish.
What is the RSI signal for CHRD stock?
CHORD ENERGY CORP (CHRD) has an RSI value of 60.6794. This indicates that the stock is currently neutral.
What is the MACD signal for CHORD ENERGY CORP (CHRD) stock?
The MACD indicator for CHORD ENERGY CORP (CHRD) has a value of 0.804706, indicating a bearish trend.
What is the buy/sell signal for CHORD ENERGY CORP (CHRD) stock?
The buy/sell signal for CHORD ENERGY CORP (CHRD) is hold as the short term and long term trends are mixed.