CRH Medical Corp (CRH.CA) Stock Technical Analysis
TSX:CRH - Toronto Stock Exchange -
We assign a technical rating of 8 out of 10 to CRH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRH is only an average performer.
The long and short term trends are both positive. This is looking good!
CRH is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CRH is leading the market.
Looking at the yearly performance, CRH did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month CRH has a been trading in a tight range between 4.92 and 5.05.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CRH also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
2.74
5.10
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.93 to 4.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.81 to 4.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.02 from a trend line in the weekly time frame.
- Support @2.83 from a trend line in the daily time frame.
- Support @2.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.00 to 5.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CRH.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRH.CA is up. |
| ChartMill Relative Strength | 78.83 | POSITIVE | CRH.CA has a high relative strength, it outperformed 78.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRH.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRH.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRH.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.92 | NEUTRAL | The RSI value for CRH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CRH.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for CRH.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for CRH.CA suggests low volalility. |
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)
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 |
|---|---|---|---|
| 5.06 | 4.94 | 0.12 (2.37%) | 25.00% |
| An entry @5.06. This is a Buy Stop order right above the resistance zone. | An exit @4.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 2.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- 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.
TSX:CRH (4/22/2021, 6:27:50 PM)
4.99
+0.02 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week0.4%
2 Weeks-0.2%
1 Month1.01%
3 Month75.09%
6 Month72.07%
12 Month78.21%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.8%
ATR Inc67.39%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.83
Mansfield2.39
10 Day High5.05
10 Day Low4.95
20 Day High5.05
20 Day Low4.92
52 Week High5.08
52 Week Low2.35
CS1 End4.99
CR1 Start5
Volume & EV
DER(3)-0.45%
DER(5)-0.74%
Volume36.92K
Volume Incr104.08%
Vol(5)202.61K
Vol(50)143.69K