CHORD ENERGY CORP (CHRD) Technical Analysis
NASDAQ:CHRD • US6742152076
Current stock price
CHRD Technical Rating and Analysis
We assign a technical rating of 10 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!
- Looking at the yearly performance, CHRD did better than 90% of all other stocks.
- 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 116.98 - 148.41 range, which is quite wide. It is currently trading near the high of this range.
- CHRD has an average volume of 1086610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CHRD is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 65% of 209 stocks in the same industry.
CHRD Weekly and Daily overview Charts
CHRD Setup Rating and Analysis
Although CHRD has an excellent technical rating, it does not offer a high 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
CHRD Support and Resistance Analysis
86.94
5 important support areas can be observed.
- Support @136.95 from a horizontal line in the daily time frame.
- Support @112.33 from a trend line in the daily time frame.
- Support @93.55 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 145.36 to 146.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
CHRD Technical Indicator Signal Analysis
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 | 90.5 | POSITIVE | CHRD has a high relative strength, it outperformed 90.5% 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) | 68.31 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CHRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.16 | NEUTRAL | The Stochastics value for CHRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 38.14 | POSITIVE | The high ADX value value for CHRD suggests a strong trend. |
CHRD Chart- and CandleStick Pattern Analysis
CHRD Technicals: Chart, Performance Metrics, Trend & Indicators
142
+5.04 (+3.68%)
CHORD ENERGY CORP / CHRD TA FAQ
What is the technical rating for CHRD stock?
ChartMill assigns a technical rating of 10 / 10 to CHRD.
Can you provide the trend direction for CHORD ENERGY CORP?
The current trend direction for CHORD ENERGY CORP (CHRD) is Bullish.
What is the RSI signal for CHORD ENERGY CORP (CHRD) stock?
CHORD ENERGY CORP (CHRD) has an RSI value of 68.3124. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CHORD ENERGY CORP?
The buy/sell signal for CHORD ENERGY CORP (CHRD) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CHRD stock?
CHORD ENERGY CORP (CHRD) has a support level at 136.95 and a resistance level at 145.36. Check the full technical report for our detailed analysis of CHRD support and resistance levels.