CARECLOUD INC (CCLD) Stock Technical Analysis
NASDAQ:CCLD - Nasdaq - US14167R1005 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CCLD. Recently some decent action could be observed, but in the medium term time frame this is still negative. CCLD was also a bad performer in the overall market in the last year.
CCLD has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.01, a Stop Loss order could be placed below this zone.
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1.22
2 important support areas can be observed.
- A support zone ranging from 1.98 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.11 to 2.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CCLD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCLD is up. |
| ChartMill Relative Strength | 11.54 | NEGATIVE | CCLD has a low relative strength, it was outperformed by 88.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CCLD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.1 | NEUTRAL | The RSI value for CCLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCLD has a negative trend. |
| Stochastics (14,3) | 57.35 | NEUTRAL | The Stochastics value for CCLD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for CCLD suggests high volalility. |
| Average Directional Index/ADX (14) | 43.32 | POSITIVE | The high ADX value value for CCLD suggests a strong trend. |
2.02
-0.1 (-4.72%)