COHERUS ONCOLOGY INC (CHRS) Technical Analysis
NASDAQ:CHRS • US19249H1032
Current stock price
CHRS Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to CHRS. In the last year, CHRS was one of the better performers, but we do observe some doubts in the very recent evolution.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- In the last month CHRS has a been trading in the 1.52 - 1.85 range, which is quite wide. It is currently trading near the high of this range.
- CHRS has an average volume of 1547620 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 85% 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 62% 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CHRS Weekly and Daily overview Charts
CHRS Setup Rating and Analysis
CHRS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHRS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CHRS Support and Resistance Analysis
0.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.67 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.64 from a horizontal line in the daily time frame.
- A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 1.81 to 1.81. 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 | NEUTRAL | NEUTRAL | The short term trend for CHRS is neutral. |
| ChartMill Relative Strength | 85.48 | POSITIVE | CHRS has a high relative strength, it outperformed 85.48% 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) | 56.73 | 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. |
| Stochastics (14,3) | 58.09 | NEUTRAL | The Stochastics value for CHRS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for CHRS suggests high volalility. |
| Average Directional Index/ADX (14) | 11.98 | NEGATIVE | The low ADX value for CHRS suggests a weak or negative trend. |
CHRS Chart- and CandleStick Pattern Analysis
CHRS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.82 | 1.66 | 0.16 (8.79%) | 11.37% |
| An entry @1.82. This is a Buy Stop order right above the resistance zone. | An exit @1.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 8.79%. | For a 1.00% total portfolio risk, you can invest 11.37% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CHRS Technicals: Chart, Performance Metrics, Trend & Indicators
1.8
+0.09 (+5.26%)
COHERUS ONCOLOGY INC / CHRS TA FAQ
What is the ChartMill technical rating of COHERUS ONCOLOGY INC (CHRS) stock?
ChartMill assigns a technical rating of 6 / 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 56.7276. 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 neutral.
What are the support and resistance levels for COHERUS ONCOLOGY INC (CHRS) stock?
COHERUS ONCOLOGY INC (CHRS) has a support level at 1.7 and a resistance level at 1.81. Check the full technical report for our detailed analysis of CHRS support and resistance levels.