Overall CHRD gets a technical rating of 1 out of 10. CHRD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CHRD 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 87.82, a Stop Loss order could be placed below this zone.
More info and screens
86.53
When analyzing the support we notice one important area.
- A support zone ranging from 87.40 to 87.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 94.23 to 94.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @97.65 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 99.46 to 100.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @113.68 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 CHRD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHRD is down. |
| ChartMill Relative Strength | 17.72 | NEGATIVE | CHRD has a low relative strength, it was outperformed by 82.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHRD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHRD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.32 | NEUTRAL | The RSI value for CHRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests CHRD has a negative trend. |
| Stochastics (14,3) | 4.88 | OVERSOLD | The low Stochastics value suggests CHRD may be oversold. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for CHRD suggests a weak or negative trend. |
90.82
+0.66 (+0.73%)
CHORD ENERGY CORP / CHRD FAQ
What is the technical rating for CHRD stock?
ChartMill assigns a technical rating of 1 / 10 to CHRD.
What is the trend direction for CHRD stock?
The current trend direction for CHORD ENERGY CORP (CHRD) is Bearish.
What is the RSI signal for CHRD stock?
CHORD ENERGY CORP (CHRD) has an RSI value of 43.3197. This indicates that the stock is currently neutral.
What is the MACD signal for CHORD ENERGY CORP (CHRD) stock?
The MACD indicator for CHORD ENERGY CORP (CHRD) has a value of -0.854652, indicating a bearish trend.
What is the buy/sell signal for CHORD ENERGY CORP (CHRD) stock?
The buy/sell signal for CHORD ENERGY CORP (CHRD) is sell as both the short term and long term trends are negative.