CLEARFIELD INC (CLFD) Stock Technical Analysis
NASDAQ:CLFD - Nasdaq - US18482P1030 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CLFD. Although CLFD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CLFD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CLFD is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that CLFD is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CLFD is part of the Communications Equipment industry. There are 48 other stocks in this industry, CLFD did better than 46% of them.
In the last month CLFD has a been trading in the 40.07 - 46.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CLFD has an excellent technical rating and also presents 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 41.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CLFD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
25.07
45.80
We found 3 important support areas.
- A support zone ranging from 40.42 to 41.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.86 from a trend line in the weekly time frame.
- Support @25.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @45.35 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 | 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 | 79.76 | POSITIVE | CLFD has a high relative strength, it outperformed 79.76% 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) | 55.79 | NEUTRAL | The RSI value for CLFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CLFD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.6 | NEUTRAL | The Stochastics value for CLFD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CLFD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | 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 |
|---|---|---|---|
| 45.36 | 40.78 | 4.58 (10.10%) | 9.90% |
| An entry @45.36. This is a Buy Stop order right above the resistance zone. | An exit @40.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.58 points, which is 10.10%. | When investing 9.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
44.14
+0.2 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.46%
1 Week0.96%
2 Weeks-2.65%
1 Month2.29%
3 Month28.65%
6 Month27.02%
12 Month11.95%
2 Year25.58%
3 Year-61.98%
5 Year150.79%
10 Year159.8%
15 Year1565.66%
Volatility
ATR(14)1.83
ATR(20)%3.83%
ATR Inc-15.07%
Range Today1.6
ADR(20)1.62
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.76
Mansfield1.55
10 Day High45.9
10 Day Low40.79
20 Day High46.76
20 Day Low40.07
52 Week High46.76
52 Week Low23.78
CS1 End41.51
CR1 Start45.35
Volume & EV
DER(3)3.02%
DER(5)2.16%
Volume194.30K
Volume Incr61.96%
Vol(5)194.90K
Vol(50)130.57K