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Chesapeake Energy Corporation (CHK) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 15 Jun 2017NoneDojiThu, 01 Jun 2017-1.96%
***Stock database and scans are updated around midnight (New York time) every trading day.
4.57 0.00 (0%) Jun 23 4:01pm EDT
Open: 4.55 Range: 4.46 - 4.59 Vol: 41.7M Avg Vol: 40.54M
EPS: -33.88 P/E ratio: 0.00 EBITDA: 502.00M Mkt Cap: 4.54B
Analyze "CHK" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 20.78
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 9.20
Last Trade is below the 50 day moving average at 7.10
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 6.57
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CHK

Stock Trend Analysis - Buy, Sell or Hold "Chesapeake Energy Corporation" (CHK)?

CHK is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that CHK has been range bound with a slight upward bias, having traded above the 200 SMA about 63% of the time. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also indicating range bound trading with a bearish bias. Objectively, as long as CHK is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 6.57. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CHK".

The analyst consensus estimates for the 1 year price target for this stock is $6.91* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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