CARECLOUD INC (CCLD) Stock Technical Analysis
NASDAQ:CCLD - Nasdaq - US14167R1005 - Common Stock - Currency: USD
Overall CCLD gets a technical rating of 5 out of 10. CCLD has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CCLD is one of the better performing stocks in the Health Care Technology industry, it outperforms 79% of 35 stocks in the same industry.
In the last month CCLD has a been trading in the 2.27 - 2.55 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that CCLD is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CCLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCLD is lagging the market.
Although the technical rating is only medium, CCLD does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.22
2.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.29 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.30 from a trend line in the weekly time frame.
- Support @1.23 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @2.46 from a horizontal line in the daily time frame.
- Resistance @2.51 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CCLD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCLD is neutral. |
| ChartMill Relative Strength | 76.14 | POSITIVE | CCLD has a high relative strength, it outperformed 76.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCLD is below a declining 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) | 51.08 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 34.83 | NEUTRAL | The Stochastics value for CCLD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CCLD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for CCLD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.38
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0%
1 Week0.42%
2 Weeks-1.24%
1 Month-1.65%
3 Month24.93%
6 Month-42.37%
12 Month7.58%
2 Year41.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%4.33%
ATR Inc84%
Range Today0.24
ADR(20)0.1
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.14
Mansfield-1.29
10 Day High2.55
10 Day Low2.27
20 Day High2.55
20 Day Low2.27
52 Week High4.84
52 Week Low1.14
CS1 End2.31
CR1 Start2.46
Volume & EV
DER(3)-5.04%
DER(5)-2.86%
Volume683.50K
Volume Incr37.19%
Vol(5)243.64K
Vol(50)346.22K