COMMUNITY HEALTH SYSTEMS INC (CYH) Stock Technical Analysis
USA - NYSE:CYH - US2036681086 - Common Stock
We assign a technical rating of 8 out of 10 to CYH. In the last year, CYH was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although CYH has an excellent technical rating, it does not present a decent entry opportunity 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.
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2.38
When analyzing the support we can see 4 important areas.
- Support @3.18 from a horizontal line in the daily time frame.
- A support zone ranging from 3.04 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.89 from a horizontal line in the daily time frame.
- A support zone ranging from 2.40 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.35 to 4.42. 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 | NEUTRAL | NEUTRAL | The long term trend for CYH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CYH is up. |
| ChartMill Relative Strength | 87.19 | POSITIVE | CYH has a high relative strength, it outperformed 87.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CYH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CYH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CYH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.21 | OVERBOUGHT | The high RSI value suggests CYH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CYH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.6 | OVERBOUGHT | The high Stochastics value suggests CYH may be overbought. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CYH suggests some volalility. |
| Average Directional Index/ADX (14) | 36.39 | POSITIVE | The high ADX value value for CYH suggests a strong trend. |
4.13
-0.08 (-1.9%)
COMMUNITY HEALTH SYSTEMS INC / CYH FAQ
What is the technical rating for CYH stock?
ChartMill assigns a technical rating of 8 / 10 to CYH.
What is the current trend direction of COMMUNITY HEALTH SYSTEMS INC (CYH) stock?
The current trend direction for COMMUNITY HEALTH SYSTEMS INC (CYH) is Bearish.
What is the RSI signal for COMMUNITY HEALTH SYSTEMS INC (CYH) stock?
COMMUNITY HEALTH SYSTEMS INC (CYH) has an RSI value of 70.213. This indicates that the stock is currently overbought.
What is the MACD signal for COMMUNITY HEALTH SYSTEMS INC (CYH) stock?
The MACD indicator for COMMUNITY HEALTH SYSTEMS INC (CYH) has a value of 0.117139, indicating a bearish trend.
What is the support and resistance level for CYH stock?
COMMUNITY HEALTH SYSTEMS INC (CYH) has a support level at 3.18 and a resistance level at 4.35. Check the full technical report for our detailed analysis of CYH support and resistance levels.