CLARANOVA SE (CLA.PA)

FR0013426004 - Common Stock

2.53  -0.01 (-0.39%)

Technical Rating and Analysis

8

Taking everything into account, CLA scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CLA has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CLA is one of the better performing stocks in the Software industry, it outperforms 90% of 95 stocks in the same industry.
Looking at the yearly performance, CLA did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CLA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLA is lagging the market slightly.
In the last month CLA has a been trading in the 2.25 - 2.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
CLA Weekly chart
CLA Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, CLA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.49, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

2.21

2.75

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 2.45 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.23 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @2.58 from a trend line in the weekly time frame.
  • A resistance zone ranging from 2.67 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.7
Mansfield2.34
10 Day High2.69
10 Day Low2.25
20 Day High2.75
20 Day Low2.25
52 Week High3.05
52 Week Low1.23
Performance
1 Week6.3%
2 Weeks8.58%
1 Month6.08%
3 Month20.19%
6 Month76.18%
12 Month34.15%
2 Year-25.15%
3 Year-66.47%
5 Year-70.58%
10 Year-81.67%
15 Year-87.09%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)53.82
LBB2.21
UBB2.68
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
2.592.440.15 (5.79%)17.27%
An entry @2.59. This is a Buy Stop order right above the resistance zone.An exit @2.44. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.15 points, which is 5.79%.When investing 17.27% 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 CLA. 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.
CLA Daily chart

CLARANOVA SE

EPA:CLA (4/19/2024, 7:00:00 PM)

2.53

-0.01 (-0.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.39%
1 Week6.3%
2 Weeks8.58%
1 Month6.08%
3 Month20.19%
6 Month76.18%
12 Month34.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.15
ATR(20)%5.99%
ATR Inc
Range Today0.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.69
10 Day Low2.25
20 Day High2.75
20 Day Low2.25
52 Week High3.05
52 Week Low1.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume53.87K
Volume Incr10.52%
Vol(5)136.39K
Vol(50)179.27K