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. 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.
86% of all other stocks performed better in the past year than CHRD.
CHRD is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 81% of 213 stocks in the same industry do better.
CHRD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHRD is lagging the market.
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 88.27 - 108.31 range, which is quite wide. It is currently trading near the high of this range.
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
88.75
128.68
2 important support areas can be observed.
- A support zone ranging from 93.94 to 94.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 89.65 to 90.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 106.04 to 106.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 14.22 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 85.78% 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) | 62.33 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.14 | POSITIVE | The MACD value suggests CHRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests CHRD may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.62 | POSITIVE | The high ADX value value for CHRD suggests a strong 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)
104.08
-0.51 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.49%
1 Week1.65%
2 Weeks13.13%
1 Month14.95%
3 Month-5.13%
6 Month-6.09%
12 Month-36.73%
2 Year-32.33%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.67
ATR(20)%3.06%
ATR Inc-12.03%
Range Today2.46
ADR(20)2.93
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.22
Mansfield-1.86
10 Day High108.31
10 Day Low92.81
20 Day High108.31
20 Day Low88.27
52 Week High181.17
52 Week Low79.83
CS1 End94.57
CR1 Start106.04
Volume & EV
DER(3)-1.43%
DER(5)-1.21%
Volume1.99M
Volume Incr56.98%
Vol(5)1.09M
Vol(50)826.54K