CLEARFIELD INC (CLFD) Stock Technical Analysis
NASDAQ:CLFD • US18482P1030
We assign a technical rating of 5 out of 10 to CLFD. In the past year, CLFD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- CLFD is one of the lesser performing stocks in the Communications Equipment industry. 63% of 48 stocks in the same industry do better.
- CLFD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, CLFD outperforms 48% of them, which is more or less in line with the market.
- CLFD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLFD is lagging the market.
Although the technical rating is only medium, CLFD does present a nice setup opportunity. 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 32.01. Right above this resistance zone may be a good entry point. 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
27.75
When analyzing the support we can see 3 important areas.
- Support @29.44 from a trend line in the weekly time frame.
- A support zone ranging from 28.58 to 28.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.01 to 32.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.63 from a horizontal line in the daily 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 CLFD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLFD is neutral. |
| ChartMill Relative Strength | 48.69 | NEUTRAL | CLFD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLFD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLFD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLFD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.93 | NEUTRAL | The RSI value for CLFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CLFD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.05 | NEUTRAL | The Stochastics value for CLFD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for CLFD suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for CLFD suggests a weak or negative trend. |
31.62
-0.9 (-2.77%)
CLEARFIELD INC / CLFD FAQ
What is the technical rating for CLFD stock?
ChartMill assigns a technical rating of 5 / 10 to CLFD.
What is the current trend direction of CLEARFIELD INC (CLFD) stock?
The current trend direction for CLEARFIELD INC (CLFD) is Bearish.
What is the RSI signal for CLFD stock?
CLEARFIELD INC (CLFD) has an RSI value of 51.9314. This indicates that the stock is currently neutral.
What is the short term momentum for CLFD stock?
The short term momentum for CLEARFIELD INC (CLFD) is neutral.