CLEAN HARBORS INC (CLH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLH - US1844961078 - Common Stock
Overall CLH gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLH is only an average performer.
Besides having an excellent technical rating, CLH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 237.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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202.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 226.70 to 237.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 204.66 to 208.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 239.51 to 239.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @243.61 from a trend line in the weekly time frame.
- Resistance @250.43 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 CLH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLH is up. |
| ChartMill Relative Strength | 52.15 | NEUTRAL | CLH is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of CLH is above the rising 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) | 62 | NEUTRAL | The RSI value for CLH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CLH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.54 | NEUTRAL | The Stochastics value for CLH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CLH suggests some volalility. |
| Average Directional Index/ADX (14) | 35.9 | POSITIVE | The high ADX value value for CLH suggests a strong trend. |
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 |
|---|---|---|---|
| 239.56 | 235.11 | 4.45 (1.86%) | 25.00% |
| An entry @239.56. This is a Buy Stop order right above the resistance zone. | An exit @235.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.45 points, which is 1.86%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CLH. Please evaluate whether better entry and exit points can be found.
- 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.
239.3
+0.57 (+0.24%)
CLEAN HARBORS INC / CLH FAQ
What is the technical rating for CLH stock?
ChartMill assigns a technical rating of 8 / 10 to CLH.
What is the current trend direction of CLEAN HARBORS INC (CLH) stock?
The current trend direction for CLEAN HARBORS INC (CLH) is Bullish.
What is the RSI signal for CLH stock?
CLEAN HARBORS INC (CLH) has an RSI value of 62.0023. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CLEAN HARBORS INC?
The MACD indicator for CLEAN HARBORS INC (CLH) has a value of 0.157272, indicating a bearish trend.
What is the support and resistance level for CLH stock?
CLEAN HARBORS INC (CLH) has a support level at 237.81 and a resistance level at 239.51. Check the full technical report for our detailed analysis of CLH support and resistance levels.