CLFD Technical Analysis - CLEARFIELD INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to CLFD. In the past year, CLFD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, CLFD is a bad performer in the overall market: 84% of all stocks are doing better.

CLFD is one of the lesser performing stocks in the Communications Equipment industry. 82% of 48 stocks in the same industry do better.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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.

In the last month CLFD has a been trading in the 33.30 - 37.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLEARFIELD INC / CLFD Weekly stock chart

Setup Rating and Analysis

Although the technical rating is bad, CLFD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.21, 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

25.07

37.89

We found 3 important support areas.

A support zone ranging from 33.74 to 34.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 31.12 to 31.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @25.32 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 35.81 to 35.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @37.51 from a horizontal line in the daily time frame.

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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	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	16.58	NEGATIVE	CLFD has a low relative strength, it was outperformed by 83.42% 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)	47.4	NEUTRAL	The RSI value for CLFD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests CLFD has a positive trend, although the MACD value is declining.
Stochastics (14,3)	56.04	NEUTRAL	The Stochastics value for CLFD is a neutral value.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for CLFD suggests some volalility.
Average Directional Index/ADX (14)	19	NEGATIVE	The low ADX value for CLFD suggests a weak or negative trend.