COHERUS ONCOLOGY INC (CHRS) Stock Technical Analysis
NASDAQ:CHRS - Nasdaq - US19249H1032 - Common Stock - Currency: USD
Taking everything into account, CHRS scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CHRS was also a bad performer in the overall market in the last year.
91% of all other stocks performed better in the past year than CHRS.
CHRS is one of the lesser performing stocks in the Biotechnology industry. 63% of 551 stocks in the same industry do better.
CHRS 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.
In the last month CHRS has a been trading in the 0.82 - 1.15 range, which is quite wide. It is currently trading near the lows of this range.
CHRS has an average volume of 1319360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CHRS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.88, a Stop Loss order could be placed below this zone.
More info and screens
0.71
1.11
We found 2 important support areas.
- A support zone ranging from 0.86 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.72 to 0.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.04 from a trend line in the daily time frame.
- Resistance @1.10 from a horizontal line 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 CHRS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHRS is neutral. |
| ChartMill Relative Strength | 9.29 | NEGATIVE | CHRS has a low relative strength, it was outperformed by 90.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHRS is below 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 | MIXED | The current price of CHRS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.95 | NEUTRAL | The RSI value for CHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHRS has a negative trend. |
| Stochastics (14,3) | 19.87 | OVERSOLD | The low Stochastics value suggests CHRS may be oversold. |
| Average True Range in percent/ATR (20) | 8.56 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for CHRS suggests a weak or negative 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)
0.8839
-0.03 (-3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.47%
1 Week-5.99%
2 Weeks-13.34%
1 Month1.93%
3 Month-8.75%
6 Month-21.08%
12 Month-38.19%
2 Year-83.42%
3 Year-92.09%
5 Year-95.34%
10 Year-96.8%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%8.56%
ATR Inc-24.63%
Range Today0.06
ADR(20)0.07
ADR(20)%8.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.29
Mansfield-2.3
10 Day High1.15
10 Day Low0.84
20 Day High1.15
20 Day Low0.82
52 Week High2.43
52 Week Low0.66
CS1 End0.88
CR1 Start0.88
Volume & EV
DER(3)-10.39%
DER(5)-9.08%
Volume2.05M
Volume Incr2.42%
Vol(5)1.41M
Vol(50)1.32M