CLA Technical Analysis - CLARANOVA SE

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to CLA. CLA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, CLA is a bad performer in the overall market: 85% of all stocks are doing better.

CLA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CLA has a been trading in the 1.56 - 1.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

CLA is part of the Software industry. There are 103 other stocks in this industry, CLA did better than 51% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CLA has a bad 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 very little resistance above the current price. There is a support zone below the current price at 1.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.56

1.94

We found 1 important support area.

A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @1.77 from a horizontal line in the daily time frame.
Resistance @1.85 from a trend line in the daily time frame.
Resistance @1.92 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 CLA.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CLA.PA is down.
ChartMill Relative Strength	15.45	NEGATIVE	CLA.PA has a low relative strength, it was outperformed by 84.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CLA.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CLA.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CLA.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	40.73	NEUTRAL	The RSI value for CLA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests CLA.PA has a positive trend.
Stochastics (14,3)	41.98	NEUTRAL	The Stochastics value for CLA.PA is a neutral value.
Average True Range in percent/ATR (20)	4.08	MEDIUM VOLATILITY	The ATR as a percentage value for CLA.PA suggests some volalility.
Average Directional Index/ADX (14)	35.36	POSITIVE	The high ADX value value for CLA.PA suggests a strong trend.