CHEMED CORP (CHE) Technical Analysis
NYSE:CHE • US16359R1032
Current stock price
CHE Technical Rating and Analysis
Taking everything into account, CHE scores 4 out of 10 in our technical rating. In the last year, CHE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, CHE is a bad performer in the overall market: 84% of all stocks are doing better.
- CHE is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, of which 68% are performing better than CHE.
- CHE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CHE has a been trading in the 371.00 - 453.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHE Weekly and Daily overview Charts
CHE Setup Rating and Analysis
CHE has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
CHE Support and Resistance Analysis
364.89
2 important support areas can be observed.
- A support zone ranging from 395.40 to 409.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 368.58 to 368.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @447.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 470.72 to 478.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
CHE Technical Indicator Signal Analysis
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 CHE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHE is up. |
| ChartMill Relative Strength | 16.93 | NEGATIVE | CHE has a low relative strength, it was outperformed by 83.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.12 | NEUTRAL | The RSI value for CHE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.75 | POSITIVE | The MACD value suggests CHE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.79 | NEUTRAL | The Stochastics value for CHE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CHE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.81 | POSITIVE | The high ADX value value for CHE suggests a strong trend. |
CHE Chart- and CandleStick Pattern Analysis
CHE Technicals: Chart, Performance Metrics, Trend & Indicators
422.16
-2.82 (-0.66%)
CHEMED CORP / CHE TA FAQ
What is the technical rating for CHE stock?
ChartMill assigns a technical rating of 4 / 10 to CHE.
What is the current trend direction of CHEMED CORP (CHE) stock?
The current trend direction for CHEMED CORP (CHE) is Bearish.
What is the RSI signal for CHE stock?
CHEMED CORP (CHE) has an RSI value of 65.1164. This indicates that the stock is currently neutral.
What is the short term momentum for CHE stock?
The short term momentum for CHEMED CORP (CHE) is positive.
What are the support and resistance levels for CHEMED CORP (CHE) stock?
CHEMED CORP (CHE) has a support level at 409.33 and a resistance level at 447.69. Check the full technical report for our detailed analysis of CHE support and resistance levels.