Change Healthcare Inc (CHNG): Price Now Near $21.71; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for CHNG

Currently, CHNG (Get Ratings)’s price is up $0.05 (0.25%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Business Services stocks, CHNG ranks 73rd in regards to today’s price percentage change.

CHNG’s Technical Outlook on the Daily Chart

At the time of this writing, CHNG’s price is down $-0.13 (-0.6%) from the day prior. CHNG has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 and 50 day moving averages have been crossed, with price now being below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Change Healthcare Inc’s price action over the past 90 days can be seen via the chart below.

CHNG

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CHNG: Daily RSI Analysis

  • For CHNG, its RSI is now at 64.7059.
  • CHNG and RSI both have consistent trends, as they are both heading down.

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