COHERUS ONCOLOGY INC (CHRS) Technical Analysis
NASDAQ:CHRS • US19249H1032
Current stock price
CHRS Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CHRS. Although CHRS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month CHRS has a been trading in the 1.52 - 2.06 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CHRS has an average volume of 2468280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, CHRS did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CHRS is an average performer in the Biotechnology industry, it outperforms 69% of 517 stocks in the same industry.
- CHRS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHRS is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CHRS Weekly and Daily overview Charts
CHRS Setup Rating and Analysis
The technical rating of CHRS is bad and it also does not present a 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
CHRS Support and Resistance Analysis
0.71
We found 4 important support areas.
- A support zone ranging from 1.50 to 1.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.41 from a trend line in the daily time frame.
- Support @0.77 from a trend line in the weekly time frame.
- Support @0.72 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.66 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
CHRS Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for CHRS is down. |
| ChartMill Relative Strength | 88.38 | POSITIVE | CHRS has a high relative strength, it outperformed 88.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHRS is below 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) | 38.19 | 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) | 5.16 | OVERSOLD | The low Stochastics value suggests CHRS may be oversold. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for CHRS suggests a weak or negative trend. |
CHRS Chart- and CandleStick Pattern Analysis
CHRS Technicals: Chart, Performance Metrics, Trend & Indicators
1.52
-0.09 (-5.59%)
COHERUS ONCOLOGY INC / CHRS TA FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
Can you provide the RSI signal for COHERUS ONCOLOGY INC?
COHERUS ONCOLOGY INC (CHRS) has an RSI value of 38.1884. 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 -0.02096, 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 1.51 and a resistance level at 1.66. Check the full technical report for our detailed analysis of CHRS support and resistance levels.