CHAMPIONX CORP (CHX) Technical Analysis
NASDAQ:CHX • US15872M1045
Current stock price
CHX Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CHX. CHX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, CHX is a bad performer in the overall market: 87% of all stocks are doing better.
- CHX is one of the lesser performing stocks in the Energy Equipment & Services industry. 93% of 60 stocks in the same industry do better.
- CHX has an average volume of 3063130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- CHX 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 CHX is lagging the market slightly.
- In the last month CHX has a been trading in the 24.32 - 27.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHX Weekly and Daily overview Charts
CHX Setup Rating and Analysis
CHX has a poor technical rating and the quality of the setup is also not perfect 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
CHX Support and Resistance Analysis
23.83
We found 2 important support areas.
- Support @24.89 from a trend line in the daily time frame.
- A support zone ranging from 24.07 to 24.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 25.92 to 26.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.33 to 27.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.03 to 29.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.28 from a horizontal line in the daily time frame.
CHX 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 CHX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHX is neutral. |
| ChartMill Relative Strength | 13.91 | NEGATIVE | CHX has a low relative strength, it was outperformed by 86.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.26 | NEUTRAL | The RSI value for CHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CHX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for CHX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CHX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.34 | NEGATIVE | The low ADX value for CHX suggests a weak or negative trend. |
CHX Chart- and CandleStick Pattern Analysis
CHX Technicals: Chart, Performance Metrics, Trend & Indicators
25.81
-0.79 (-2.97%)
CHAMPIONX CORP / CHX TA FAQ
What is the ChartMill technical rating of CHAMPIONX CORP (CHX) stock?
ChartMill assigns a technical rating of 3 / 10 to CHX.
Can you provide the trend direction for CHAMPIONX CORP?
The current trend direction for CHAMPIONX CORP (CHX) is Bearish.
What is the RSI signal for CHAMPIONX CORP (CHX) stock?
CHAMPIONX CORP (CHX) has an RSI value of 49.2625. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHAMPIONX CORP?
The short term momentum for CHAMPIONX CORP (CHX) is neutral.
What is the support and resistance level for CHX stock?
CHAMPIONX CORP (CHX) has a support level at 24.89 and a resistance level at 25.92. Check the full technical report for our detailed analysis of CHX support and resistance levels.