COHERUS ONCOLOGY INC (CHRS) Technical Analysis
NASDAQ:CHRS • US19249H1032
Taking everything into account, CHRS scores 7 out of 10 in our technical rating. In the last year, CHRS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month CHRS has a been trading in the 1.57 - 2.07 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that CHRS is one of the better performing stocks in the market, outperforming 93% of all stocks.
- CHRS is part of the Biotechnology industry. There are 519 other stocks in this industry. CHRS outperforms 78% of them.
- CHRS has an average volume of 2466770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.67 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.48 from a trend line in the weekly time frame.
- Support @1.39 from a trend line in the daily time frame.
- Support @0.72 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 | UP | POSITIVE | The long term trend for CHRS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHRS is neutral. |
| ChartMill Relative Strength | 93.04 | POSITIVE | CHRS has a high relative strength, it outperformed 93.04% 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) | 44.78 | 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) | 48.32 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for CHRS suggests a weak or negative trend. |
CHRS Technicals: Chart, Performance Metrics, Trend & Indicators
1.69
-0.09 (-5.06%)
COHERUS ONCOLOGY INC / CHRS FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 7 / 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 44.7839. 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 0.00775532, 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 1.69. Check the full technical report for our detailed analysis of CHRS support and resistance levels.