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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLFD is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
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 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CLFD is an average performer in the Communications Equipment industry, it outperforms 53% of 48 stocks in the same industry.
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.
Besides having an excellent technical rating, CLFD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 43.46, 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
45.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.18 to 43.46. 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 40.68 to 41.43. This zone is formed by a combination of multiple trend lines and important moving averages 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.
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 | 85.4 | POSITIVE | CLFD has a high relative strength, it outperformed 85.4% 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) | 62.3 | NEUTRAL | The RSI value for CLFD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLFD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.97 | NEUTRAL | The Stochastics value for CLFD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CLFD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.24 | POSITIVE | The high ADX value value for CLFD suggests a strong 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 | 43.17 | 2.19 (4.83%) | 20.71% |
| An entry @45.36. This is a Buy Stop order right above the resistance zone. | An exit @43.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.19 points, which is 4.83%. | For a 1.00% total portfolio risk, you can invest 20.71% 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.
44.31
+0.31 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.7%
1 Week2.95%
2 Weeks6.93%
1 Month5.78%
3 Month52.06%
6 Month9.43%
12 Month6.46%
2 Year-5.2%
3 Year-55.04%
5 Year137.72%
10 Year125.15%
15 Year1769.62%
Volatility
ATR(14)1.43
ATR(20)%3.12%
ATR Inc-11.63%
Range Today0.7
ADR(20)1.34
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.4
Mansfield1.48
10 Day High46.76
10 Day Low40.07
20 Day High46.76
20 Day Low40.07
52 Week High46.76
52 Week Low23.78
CS1 End43.46
CR1 Start45.35
Volume & EV
DER(3)0.46%
DER(5)-1.47%
Volume130.50K
Volume Incr51.22%
Vol(5)169.28K
Vol(50)138.50K