CLEAN HARBORS INC (CLH) Stock Technical Analysis
NYSE:CLH - New York Stock Exchange, Inc. - US1844961078 - Common Stock - Currency: USD
Taking everything into account, CLH scores 4 out of 10 in our technical rating. CLH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is only medium, CLH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 227.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 226.31, a Stop Loss order could be placed below this zone.
More info and screens
192.96
2 important support areas can be observed.
- A support zone ranging from 219.65 to 226.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @194.91 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 227.83 to 233.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @260.27 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CLH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLH is neutral. |
| ChartMill Relative Strength | 69.14 | NEUTRAL | CLH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.32 | NEUTRAL | The RSI value for CLH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests CLH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.05 | NEUTRAL | The Stochastics value for CLH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for CLH suggests low volalility. |
| Average Directional Index/ADX (14) | 10.78 | NEGATIVE | The low ADX value for CLH suggests a weak or negative trend. |
226.34
+0.77 (+0.34%)