CHAMPIONX CORP (CHX) Stock Technical Analysis
NASDAQ:CHX - US15872M1045 - Common Stock
25.81 USD
-0.79 (-2.97%)
25.83 USD
+0.02 (+0.08%)
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.
87% of all other stocks performed better in the past year than CHX.
CHX is one of the lesser performing stocks in the Energy Equipment & Services industry. 68% of 61 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CHX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHX is lagging the market.
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 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
23.83
31.59
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice 4 important areas.
- 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.
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. |
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)
25.81
-0.79 (-2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.97%
1 Week-3.87%
2 Weeks3.9%
1 Month-3.22%
3 Month1.57%
6 Month-17.3%
12 Month-26.45%
2 Year-27.5%
3 Year23.55%
5 Year171.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%2.99%
ATR Inc17.53%
Range Today0.91
ADR(20)0.76
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.91
Mansfield-1.63
10 Day High27.55
10 Day Low24.6
20 Day High27.55
20 Day Low24.32
52 Week High35.68
52 Week Low21.92
CS1 End24.89
CR1 Start25.92
Volume & EV
DER(3)5.43%
DER(5)4.44%
Volume7.41M
Volume Incr16.87%
Vol(5)3.52M
Vol(50)3.06M