Taking everything into account, CHX scores 3 out of 10 in our technical rating. 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.
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
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.
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. |
25.81
-0.79 (-2.97%)
CHAMPIONX CORP / CHX FAQ
What is the ChartMill technical rating of CHAMPIONX CORP (CHX) stock?
ChartMill assigns a technical rating of 3 / 10 to CHX.
What is the current trend direction of CHAMPIONX CORP (CHX) stock?
The current trend direction for CHAMPIONX CORP (CHX) is Bearish.
What is the RSI signal for CHX stock?
CHAMPIONX CORP (CHX) has an RSI value of 49.2625. This indicates that the stock is currently neutral.
What is the MACD signal for CHAMPIONX CORP (CHX) stock?
The MACD indicator for CHAMPIONX CORP (CHX) has a value of 0.0621435, indicating a bearish trend.
Can you provide the support and resistance levels for CHAMPIONX CORP?
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.