CARECLOUD INC (CCLD) Stock Technical Analysis
USA - NASDAQ:CCLD - US14167R1005 - Common Stock
3.44 USD
-0.19 (-5.23%)
3.4 USD
-0.04 (-1.16%)
Taking everything into account, CCLD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CCLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CCLD is one of the better performing stocks in the Health Care Technology industry, it outperforms 85% of 35 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that CCLD is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 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.
In the last month CCLD has a been trading in the 2.54 - 4.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CCLD also presents 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 3.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.43, a Stop Loss order could be placed below this zone.
More info and screens
2.25
3.89
We found 4 important support areas.
- A support zone ranging from 3.40 to 3.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.77 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.59 from a trend line in the daily time frame.
- A support zone ranging from 2.27 to 2.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.78 to 3.85. 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 | UP | POSITIVE | The long term trend for CCLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCLD is up. |
| ChartMill Relative Strength | 84.91 | POSITIVE | CCLD has a high relative strength, it outperformed 84.91% 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) | UP | POSITIVE | The current price of CCLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for CCLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CCLD has a negative trend. |
| Stochastics (14,3) | 46.31 | NEUTRAL | The Stochastics value for CCLD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for CCLD suggests high volalility. |
| Average Directional Index/ADX (14) | 39.43 | POSITIVE | The high ADX value value for CCLD suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.58 | 3.39 | 0.19 (5.31%) | 18.84% |
| An entry @3.58. This is a Buy Stop order right above the 10 day moving average. | An exit @3.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 5.31%. | When investing 18.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CCLD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.44
-0.19 (-5.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-5.23%
1 Week-3.37%
2 Weeks-6.52%
1 Month26.47%
3 Month37.6%
6 Month127.81%
12 Month21.13%
2 Year199.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%6.78%
ATR Inc-29.37%
Range Today0.19
ADR(20)0.22
ADR(20)%6.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.91
Mansfield1.87
10 Day High3.98
10 Day Low3.33
20 Day High4.01
20 Day Low2.54
52 Week High4.84
52 Week Low1.14
CS1 End3.43
CR1 Start3.78
Volume & EV
DER(3)-6.33%
DER(5)-1.45%
Volume287.60K
Volume Incr-45.15%
Vol(5)399.70K
Vol(50)460.78K