CHORD ENERGY CORP (CHRD) Stock Technical Analysis
NASDAQ:CHRD - Nasdaq - US6742152076 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CHRD. 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.
When comparing the yearly performance of all stocks, CHRD is a bad performer in the overall market: 86% of all stocks are doing better.
CHRD is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 74% are performing better than CHRD.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CHRD has a been trading in the 96.25 - 110.15 range, which is quite wide. It is currently trading near the high of this range.
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.
CHRD has an average technical rating and also the quality of the setup is only medium 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
95.88
110.42
When analyzing the support we can see 4 important areas.
- Support @108.66 from a trend line in the daily time frame.
- A support zone ranging from 102.99 to 104.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.70 to 99.78. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.33 to 109.33. 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 | 14.49 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 85.51% 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) | 61.16 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CHRD has a positive trend. |
| Stochastics (14,3) | 80.64 | OVERBOUGHT | The high Stochastics value suggests CHRD may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for CHRD suggests a possible start of a new 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)
109.32
+1.27 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.18%
1 Week6.97%
2 Weeks2.24%
1 Month10.98%
3 Month15.54%
6 Month-6.93%
12 Month-36.67%
2 Year-30.3%
3 Year-14.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.11
ATR(20)%2.78%
ATR Inc-18.83%
Range Today2.43
ADR(20)3
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.49
Mansfield-1.44
10 Day High110.15
10 Day Low102
20 Day High110.15
20 Day Low96.25
52 Week High173.56
52 Week Low79.83
CS1 End108.66
CR1 Start109.33
Volume & EV
DER(3)-5.56%
DER(5)-4.11%
Volume598.70K
Volume Incr-28.9%
Vol(5)580.62K
Vol(50)744.79K