CRH Medical Corp (CRH.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CRH -
Overall CRH gets a technical rating of 8 out of 10. 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.
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. 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
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.
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 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%)
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 trend direction for CRH 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.
Can you provide the short term momentum for CRH Medical Corp?
The short term momentum for CRH Medical Corp (CRH.CA) is positive.
Can you provide the buy/sell signal for CRH Medical Corp?
The buy/sell signal for CRH Medical Corp (CRH.CA) is buy as both the short term and long term trends are positive.