CHAMPIONX CORP (CHX) Stock Technical Analysis
NASDAQ:CHX - Nasdaq - US15872M1045 - Common Stock - Currency: USD
Overall CHX gets a technical rating of 0 out of 10. CHX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CHX is a bad performer in the overall market: 81% of all stocks are doing better.
CHX is currently trading in the lower part 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.
In the last month CHX has a been trading in the 23.55 - 26.81 range, which is quite wide. It is currently trading near the lows of this range.
CHX has an average volume of 5205360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CHX is an average performer in the Energy Equipment & Services industry, it outperforms 62% of 62 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
The technical rating of CHX 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
24.24
31.59
6 important resistance areas can be observed.
- A resistance zone ranging from 25.07 to 25.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.98 to 26.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 29.70 to 29.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.34 from a horizontal line in the daily time frame.
- Resistance @31.28 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for CHX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHX is down. |
| ChartMill Relative Strength | 19 | NEGATIVE | CHX has a low relative strength, it was outperformed by 81% 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) | DOWN | NEGATIVE | The current price of CHX is below a declining 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) | 41.01 | NEUTRAL | The RSI value for CHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHX has a negative trend. |
| Stochastics (14,3) | 17.34 | OVERSOLD | The low Stochastics value suggests CHX may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CHX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for CHX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
24.48
-0.02 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.08%
1 Week-5.77%
2 Weeks-2.47%
1 Month-2.08%
3 Month-17.55%
6 Month-21.64%
12 Month-25.02%
2 Year-3.09%
3 Year5.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.94%
ATR Inc-20.93%
Range Today0.55
ADR(20)0.6
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19
Mansfield-1.86
10 Day High26.81
10 Day Low24
20 Day High26.81
20 Day Low23.56
52 Week High35.94
52 Week Low21.92
CS1 EndN/A
CR1 Start25.07
Volume & EV
DER(3)-0.85%
DER(5)-1.72%
Volume3.56M
Volume Incr-7.61%
Vol(5)3.34M
Vol(50)5.21M