COHERUS ONCOLOGY INC (CHRS) Technical Analysis
NASDAQ:CHRS • US19249H1032
Current stock price
CHRS Technical Rating and Analysis
Taking everything into account, CHRS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CHRS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CHRS is one of the better performing stocks in the market, outperforming 83% of all stocks.
- CHRS has an average volume of 1484220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CHRS is an average performer in the Biotechnology industry, it outperforms 63% of 516 stocks in the same industry.
- CHRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHRS is lagging the market.
- In the last month CHRS has a been trading in the 1.58 - 2.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHRS Weekly and Daily overview Charts
CHRS Setup Rating and Analysis
Although CHRS has an excellent technical rating, it does not offer a high 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 6 important support areas.
- A support zone ranging from 1.79 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.72 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.63 from a trend line in the daily time frame.
- Support @1.60 from a trend line in the weekly time frame.
- Support @1.55 from a horizontal line in the daily time frame.
- Support @0.72 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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 | 83.81 | POSITIVE | CHRS has a high relative strength, it outperformed 83.81% 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 | MIXED | The current price of CHRS is above 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) | 51.91 | 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) | 65.88 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.03 | 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
1.8
-0.02 (-1.1%)
COHERUS ONCOLOGY INC / CHRS TA FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 9 / 10 to CHRS.
What is the trend direction for CHRS stock?
The current trend direction for COHERUS ONCOLOGY INC (CHRS) is Bullish.
What is the RSI signal for CHRS stock?
COHERUS ONCOLOGY INC (CHRS) has an RSI value of 51.9108. This indicates that the stock is currently neutral.
What is the short term momentum for COHERUS ONCOLOGY INC (CHRS) stock?
The short term momentum for COHERUS ONCOLOGY INC (CHRS) is positive.
What are the support and resistance levels for COHERUS ONCOLOGY INC (CHRS) stock?
COHERUS ONCOLOGY INC (CHRS) has a support level at 1.79 and a resistance level at 1.98. Check the full technical report for our detailed analysis of CHRS support and resistance levels.