COMMUNITY HEALTH SYSTEMS INC (CYH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CYH - US2036681086 - Common Stock
Overall CYH gets a technical rating of 2 out of 10. CYH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CYH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CYH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5 important support areas can be observed.
- A support zone ranging from 3.17 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.07 from a trend line in the daily time frame.
- A support zone ranging from 2.89 to 2.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.51 from a trend 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.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.18 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.64 from a horizontal line in the daily time frame.
- Resistance @3.76 from a trend line in the weekly time frame.
- Resistance @3.99 from a trend line in the weekly time frame.
- Resistance @4.35 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for CYH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CYH is down. |
| ChartMill Relative Strength | 53.8 | NEUTRAL | CYH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CYH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CYH is below 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) | 41.97 | NEUTRAL | The RSI value for CYH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CYH has a negative trend. |
| Stochastics (14,3) | 16.94 | OVERSOLD | The low Stochastics value suggests CYH may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CYH suggests some volalility. |
| Average Directional Index/ADX (14) | 9.56 | NEGATIVE | The low ADX value for CYH suggests a weak or negative trend. |
3.18
-0.03 (-0.93%)
COMMUNITY HEALTH SYSTEMS INC / CYH FAQ
What is the technical rating for CYH stock?
ChartMill assigns a technical rating of 2 / 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 41.9672. This indicates that the stock is currently neutral.
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 -0.00848427, 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 3.18. Check the full technical report for our detailed analysis of CYH support and resistance levels.