Taking everything into account, CHRS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHRS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CHRS is one of the better performing stocks in the market, outperforming 95% of all stocks.
- CHRS is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 523 stocks in the same industry.
- CHRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHRS is lagging the market slightly.
- CHRS has an average volume of 2010750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CHRS has a been trading in the 1.51 - 2.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CHRS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.39
4 important support areas can be observed.
- Support @2.05 from a horizontal line in the daily time frame.
- A support zone ranging from 1.74 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.17 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CHRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHRS is up. |
| ChartMill Relative Strength | 95.63 | POSITIVE | CHRS has a high relative strength, it outperformed 95.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.56 | NEUTRAL | The RSI value for CHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHRS has a negative trend. |
| Stochastics (14,3) | 52.15 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 10.11 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 42.47 | POSITIVE | The high ADX value value for CHRS suggests a strong trend. |
2.11
+0.05 (+2.43%)
COHERUS ONCOLOGY INC / CHRS FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 10 / 10 to CHRS.
What is the current trend direction of COHERUS ONCOLOGY INC (CHRS) stock?
The current trend direction for COHERUS ONCOLOGY INC (CHRS) is Bullish.
Can you provide the RSI signal for COHERUS ONCOLOGY INC?
COHERUS ONCOLOGY INC (CHRS) has an RSI value of 57.5556. This indicates that the stock is currently neutral.
What is the MACD signal for COHERUS ONCOLOGY INC (CHRS) stock?
The MACD indicator for COHERUS ONCOLOGY INC (CHRS) has a value of -0.0211843, indicating a bearish trend.
Can you provide the support and resistance levels for COHERUS ONCOLOGY INC?
COHERUS ONCOLOGY INC (CHRS) has a support level at 2.05 and a resistance level at 2.17. Check the full technical report for our detailed analysis of CHRS support and resistance levels.