CHANNEL THERAPEUTICS CORP (CHRO) Stock Technical Analysis
NYSEARCA:CHRO - NYSE Arca - US1711261057 - Common Stock - Currency: USD
Taking everything into account, CHRO scores 4 out of 10 in our technical rating. In the past year, CHRO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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 40% of all stocks.
CHRO is an average performer in the Biotechnology industry, it outperforms 58% of 555 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 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
0.98
1.37
We found 1 important support 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.
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 | 40.34 | 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. |
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)
1.35
+0.09 (+7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.14%
1 Week14.89%
2 Weeks10.66%
1 Month32.35%
3 Month-1.01%
6 Month68.75%
12 Month9.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%11.25%
ATR Inc64.44%
Range Today0.25
ADR(20)0.15
ADR(20)%11.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.34
Mansfield1.04
10 Day High1.88
10 Day Low1.12
20 Day High1.88
20 Day Low1
52 Week High3.8
52 Week Low0.45
CS1 End1
CR1 Start1.36
Volume & EV
DER(3)-12.39%
DER(5)-8.1%
Volume194.80K
Volume Incr857.64%
Vol(5)460.24K
Vol(50)131.10K