COMMUNITY HEALTH SYSTEMS INC (CYH) Stock Technical Analysis
NYSE:CYH • US2036681086
We assign a technical rating of 8 out of 10 to CYH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CYH is only an average performer.
- The long and short term trends are both positive. This is looking good!
- In the last month CYH has a been trading in the 3.00 - 3.73 range, which is quite wide. It is currently trading near the high of this range.
- CYH has an average volume of 1595900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CYH turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- CYH is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, CYH did better than 66% of them.
- CYH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CYH is lagging the market.
Besides having an excellent technical rating, CYH also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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.
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2.86
6 important support areas can be observed.
- Support @3.44 from a trend line in the daily time frame.
- A support zone ranging from 3.28 to 3.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.18 from a horizontal line in the daily time frame.
- A support zone ranging from 3.09 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.03 from a horizontal line in the daily time frame.
- Support @2.89 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @3.57 from a horizontal line in the weekly time frame.
- Resistance @3.67 from a horizontal line in the daily time frame.
- Resistance @3.90 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for CYH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CYH is up. |
| ChartMill Relative Strength | 59.51 | NEUTRAL | CYH is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CYH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for CYH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CYH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.96 | NEUTRAL | The Stochastics value for CYH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for CYH suggests high volalility. |
| Average Directional Index/ADX (14) | 10.56 | NEGATIVE | The low ADX value for CYH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 3.58 | 3.43 | 0.15 (4.19%) | 23.87% |
| An entry @3.58. This is a Buy Stop order right above the resistance zone. | An exit @3.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 4.19%. | When investing 23.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CYH. Please evaluate whether better entry and exit points can be found.
- 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.
3.46
-0.2 (-5.46%)
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 trend direction for CYH stock?
The current trend direction for COMMUNITY HEALTH SYSTEMS INC (CYH) is Bullish.
What is the RSI signal for COMMUNITY HEALTH SYSTEMS INC (CYH) stock?
COMMUNITY HEALTH SYSTEMS INC (CYH) has an RSI value of 53.7163. This indicates that the stock is currently neutral.
What is the short term momentum for CYH stock?
The short term momentum for COMMUNITY HEALTH SYSTEMS INC (CYH) is positive.
Can you provide the support and resistance levels for COMMUNITY HEALTH SYSTEMS INC?
COMMUNITY HEALTH SYSTEMS INC (CYH) has a support level at 3.44 and a resistance level at 3.57. Check the full technical report for our detailed analysis of CYH support and resistance levels.