CRH Medical Corp (CRH.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CRH -
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- CRH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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.
CRH has an excellent technical rating and 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. Another positive sign is the recent Pocket Pivot signal.
- 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 important support areas can be observed.
- 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.
We found 1 important resistance 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. |
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 trade has a worst case loss of 0.12 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
CRH Medical Corp / CRH.CA FAQ
What is the ChartMill technical rating of CRH Medical Corp (CRH.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to CRH.CA.
What is the current trend direction of CRH Medical Corp (CRH.CA) stock?
The current trend direction for CRH Medical Corp (CRH.CA) is Bullish.
Can you provide the RSI signal for CRH Medical Corp?
CRH Medical Corp (CRH.CA) has an RSI value of 59.9227. This indicates that the stock is currently neutral.
What is the short term momentum for CRH Medical Corp (CRH.CA) stock?
The short term momentum for CRH Medical Corp (CRH.CA) is positive.
What is the buy/sell signal for CRH stock?
The buy/sell signal for CRH Medical Corp (CRH.CA) is buy as both the short term and long term trends are positive.