We assign a technical rating of 3 out of 10 to CHRS. CHRS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, CHRS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHRS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.24 from a trend line in the weekly time frame.
- A support zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.72 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.37 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.43 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.60 from a trend line in the weekly time frame.
- Resistance @1.70 from a horizontal line in the weekly 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 CHRS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHRS is neutral. |
| ChartMill Relative Strength | 20.09 | NEGATIVE | CHRS has a low relative strength, it was outperformed by 79.91% 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) | DOWN | NEGATIVE | The current price of CHRS is below a declining 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) | 51.59 | NEUTRAL | The RSI value for CHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CHRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.49 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.98 | NEGATIVE | The low ADX value for CHRS suggests a weak or negative trend. |
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COHERUS ONCOLOGY INC / CHRS FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 3 / 10 to CHRS.
Can you provide the trend direction for COHERUS ONCOLOGY INC?
The current trend direction for COHERUS ONCOLOGY INC (CHRS) is Bearish.
Can you provide the RSI signal for COHERUS ONCOLOGY INC?
COHERUS ONCOLOGY INC (CHRS) has an RSI value of 51.5887. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COHERUS ONCOLOGY INC?
The short term momentum for COHERUS ONCOLOGY INC (CHRS) is neutral.
What is the support and resistance level for CHRS stock?
COHERUS ONCOLOGY INC (CHRS) has a support level at 1.35 and a resistance level at 1.37. Check the full technical report for our detailed analysis of CHRS support and resistance levels.