COHERUS ONCOLOGY INC (CHRS) Stock Technical Analysis
NASDAQ:CHRS - US19249H1032 - Common Stock
1.18 USD
+0.04 (+3.51%)
1.16 USD
-0.02 (-1.69%)
Overall CHRS gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CHRS is only an average performer.
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.
Both the short term and long term trends are positive. This is a very positive sign.
CHRS is one of the better performing stocks in the Biotechnology industry, it outperforms 70% of 547 stocks in the same industry.
In the last month CHRS has a been trading in the 0.81 - 1.26 range, which is quite wide. It is currently trading near the high of this range.
CHRS has an average volume of 1391240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CHRS did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although CHRS has an excellent technical rating, it does not present a decent entry opportunity 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
0.71
1.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.87 from a trend line in the daily time frame.
- Support @0.74 from a horizontal line in the daily time frame.
- Support @0.72 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @1.22 from a trend line in the daily time frame.
- A resistance zone ranging from 1.24 to 1.24. 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 | 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 | 78.43 | POSITIVE | CHRS has a high relative strength, it outperformed 78.43% 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) | 65.41 | NEUTRAL | The RSI value for CHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CHRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.35 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.48 | POSITIVE | The high ADX value value for CHRS 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)
1.18
+0.04 (+3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.51%
1 Week4.42%
2 Weeks15.69%
1 Month25.51%
3 Month51.48%
6 Month6.31%
12 Month-15.11%
2 Year-77.86%
3 Year-89.45%
5 Year-93.78%
10 Year-95.72%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.36%
ATR Inc-0.51%
Range Today0.08
ADR(20)0.07
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.43
Mansfield0.23
10 Day High1.26
10 Day Low1.02
20 Day High1.26
20 Day Low0.81
52 Week High2.43
52 Week Low0.66
CS1 End1.12
CR1 Start1.22
Volume & EV
DER(3)-1.72%
DER(5)-3.82%
Volume896.80K
Volume Incr2.76%
Vol(5)1.51M
Vol(50)1.39M