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 last year, CHRD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, CHRD is a bad performer in the overall market: 80% of all stocks are doing better.
CHRD is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% of 208 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CHRD is currently trading in the middle 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 slightly.
In the last month CHRD has a been trading in the 101.76 - 114.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHRD has an average technical rating and it also 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
91.34
115.55
3 important support areas can be observed.
- A support zone ranging from 100.84 to 103.32. 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.
- Support @92.26 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 106.89 to 109.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 113.77 to 114.41. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CHRD is neutral. |
| ChartMill Relative Strength | 20.18 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 79.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHRD is below 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) | 48.86 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CHRD has a negative trend. |
| Stochastics (14,3) | 59.29 | NEUTRAL | The Stochastics value for CHRD is a neutral value. |
| 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) | 23.75 | 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)
105.86
-4.47 (-4.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.05%
1 Week-2.63%
2 Weeks-0.51%
1 Month1.41%
3 Month13.49%
6 Month-5.86%
12 Month-32.08%
2 Year-34.45%
3 Year-25.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.14
ATR(20)%3.06%
ATR Inc37.22%
Range Today4.67
ADR(20)3.09
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.18
Mansfield-1.45
10 Day High114.42
10 Day Low105.24
20 Day High114.42
20 Day Low101.76
52 Week High157.85
52 Week Low79.83
CS1 End103.32
CR1 Start106.89
Volume & EV
DER(3)-3.55%
DER(5)-2.97%
Volume656.20K
Volume Incr-6.25%
Vol(5)632.08K
Vol(50)727.84K