CHANNEL THERAPEUTICS CORP (CHRO) Technical Analysis
NYSEARCA:CHRO • US1711261057
Current stock price
CHRO Technical Rating and Analysis
Overall CHRO gets a technical rating of 4 out of 10. CHRO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- CHRO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, CHRO turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- CHRO is an average performer in the Biotechnology industry, it outperforms 42% of 516 stocks in the same industry.
- In the last month CHRO has a been trading in the 1.00 - 1.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHRO Weekly and Daily overview Charts
CHRO Setup Rating and Analysis
CHRO 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
CHRO Support and Resistance Analysis
0.98
When analyzing the support we notice one important area.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.36 to 1.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
CHRO 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 | NEUTRAL | NEUTRAL | The long term trend for CHRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHRO is up. |
| ChartMill Relative Strength | 42.86 | NEUTRAL | CHRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHRO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.89 | NEUTRAL | The RSI value for CHRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHRO has a positive trend. |
| Stochastics (14,3) | 26.32 | NEUTRAL | The Stochastics value for CHRO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.25 | HIGH VOLATILITY | The high ATR as a percentage value for CHRO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.29 | POSITIVE | The high ADX value value for CHRO suggests a strong trend. |
CHRO Chart- and CandleStick Pattern Analysis
CHRO Technicals: Chart, Performance Metrics, Trend & Indicators
1.35
+0.09 (+7.14%)
CHANNEL THERAPEUTICS CORP / CHRO TA FAQ
Can you provide the ChartMill technical rating for CHANNEL THERAPEUTICS CORP?
ChartMill assigns a technical rating of 4 / 10 to CHRO.
What is the current trend direction of CHANNEL THERAPEUTICS CORP (CHRO) stock?
The current trend direction for CHANNEL THERAPEUTICS CORP (CHRO) is Bearish.
What is the RSI signal for CHANNEL THERAPEUTICS CORP (CHRO) stock?
CHANNEL THERAPEUTICS CORP (CHRO) has an RSI value of 60.8946. This indicates that the stock is currently neutral.
What is the short term momentum for CHRO stock?
The short term momentum for CHANNEL THERAPEUTICS CORP (CHRO) is positive.