CLH Technical Analysis - CLEAN HARBORS INC

Technical Rating and Analysis

Overall CLH gets a technical rating of 5 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CLH is a bad performer.

72% of all other stocks performed better in the past year than CLH.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CLH has a been trading in the 226.23 - 244.05 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

CLH is part of the Commercial Services & Supplies industry. There are 82 other stocks in this industry, CLH did better than 53% of them.

CLH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLH is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLEAN HARBORS INC / CLH Weekly stock chart

CLEAN HARBORS INC / CLH Daily stock chart

Setup Rating and Analysis

CLH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 245.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 235.95, 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

198.28

248.56

We found 2 important support areas.

A support zone ranging from 224.10 to 235.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @200.28 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 245.91 to 246.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for CLH is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CLH is up.
ChartMill Relative Strength	28.26	NEGATIVE	CLH has a low relative strength, it was outperformed by 71.74% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CLH is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CLH is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CLH is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.42	NEUTRAL	The RSI value for CLH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.92	POSITIVE	The MACD value suggests CLH has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.89	NEUTRAL	The Stochastics value for CLH is a neutral value.
Average True Range in percent/ATR (20)	2.17	MEDIUM VOLATILITY	The ATR as a percentage value for CLH suggests some volalility.
Average Directional Index/ADX (14)	14.22	NEGATIVE	The low ADX value for CLH suggests a weak or negative trend.