Our Analysis of Churchill Downs, Incorporated (NASDAQ:CHDN) (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how CHDN has been trading over the last 2 weeks and the past day especially. On its latest session, Churchill Downs, Incorporated (NASDAQ:CHDN) opened at 134.3, reaching a high of 135.56 and a low of 132.55 before closing at a price of 134.94. There was a total volume of 261934.

VOLUME INDICATORS FOR CHURCHILL DOWNS, INCORPORATED (NASDAQ:CHDN): We saw an accumulation-distribution index of 635.87112, an on-balance volume of 135.79, chaikin money flow of 3.77778 and a force index of 9.6502. There was an ease of movement rating of 0.00063, a volume-price trend of 6.50929 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR CHURCHILL DOWNS, INCORPORATED (NASDAQ:CHDN): We noted an average true range of 1.41874, bolinger bands of 135.17247, an upper bollinger band of 131.29753, lower bollinger band of 132.55, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 134.13667, high band keltner channel of 132.87667, low band keltner channel of 135.39667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 132.55, a donchian channel low band of 132.55, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR CHURCHILL DOWNS, INCORPORATED (NASDAQ:CHDN): We calculated a Moving Average Convergence Divergence (MACD) of 0.03074, a MACD signal of 0.01708, a MACD difference of 0.01366, a fast Exponential Moving Average (EMA) indicator of 132.55, a slow Exponential Moving Average (EMA) indicator of 132.55, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.1525, a trix of 2.7584, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -6.1608, a KST Oscillator (KST) of 48.74469 and a KST Oscillator (KST Signal) of 48.74469 (leaving a KST difference of 2.70988). We also found an Ichimoku rating of 134.93, an Ichimoku B rating of 134.93, a Ichimoku visual trend A of 129.56346, an Ichimoku visual trend B of 131.34931, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR CHURCHILL DOWNS, INCORPORATED (NASDAQ:CHDN): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 77.87835, a stochastic oscillator of 238.88889, a stochastic oscillator signal of 238.88889, a Williams %R rating of 138.88889 and an awesome oscillator of 0.271.

RETURNS FOR CHURCHILL DOWNS, INCORPORATED (NASDAQ:CHDN): There was a daily return of 4.87447, a daily log return of 1.02827 and a cumulative return of 1.03357.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Churchill Downs, Incorporated (NASDAQ:CHDN)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Churchill Downs, Incorporated (NASDAQ:CHDN) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.