CLEARFIELD INC (CLFD) Stock Technical Analysis
NASDAQ:CLFD - Nasdaq - US18482P1030 - Common Stock - Currency: USD
Taking everything into account, CLFD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CLFD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
CLFD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the yearly performance of all stocks, we notice that CLFD is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CLFD is an average performer in the Communications Equipment industry, it outperforms 55% of 48 stocks in the same industry.
In the last month CLFD has a been trading in the 40.07 - 44.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLFD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 42.73, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
25.07
44.88
When analyzing the support we can see 4 important areas.
- A support zone ranging from 42.54 to 42.73. 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 41.33 to 41.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.81 from a trend line in the weekly time frame.
- Support @25.32 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.44 to 44.44. 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 CLFD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLFD is up. |
| ChartMill Relative Strength | 84.34 | POSITIVE | CLFD has a high relative strength, it outperformed 84.34% off all stocks 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 | POSITIVE | The current price of CLFD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.22 | NEUTRAL | The RSI value for CLFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CLFD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.6 | NEUTRAL | The Stochastics value for CLFD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for CLFD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for CLFD suggests a possible start of a new 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 |
|---|---|---|---|
| 44.45 | 42.53 | 1.92 (4.32%) | 23.15% |
| An entry @44.45. This is a Buy Stop order right above the resistance zone. | An exit @42.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.92 points, which is 4.32%. | For a 1.00% total portfolio risk, you can invest 23.15% of your capital in this trade. |
- 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.
43.3
+0.3 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.7%
1 Week4.74%
2 Weeks-0.18%
1 Month3.89%
3 Month48.59%
6 Month6.94%
12 Month4.04%
2 Year-7.36%
3 Year-56.06%
5 Year132.3%
10 Year120.02%
15 Year1727%
Volatility
ATR(14)1.27
ATR(20)%2.85%
ATR Inc-0.72%
Range Today1.64
ADR(20)1.2
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.34
Mansfield1.36
10 Day High44.3
10 Day Low40.07
20 Day High44.86
20 Day Low40.07
52 Week High44.86
52 Week Low23.78
CS1 End42.73
CR1 Start44.44
Volume & EV
DER(3)-3.49%
DER(5)-3.22%
Volume184.00K
Volume Incr5.08%
Vol(5)115.42K
Vol(50)142.50K