CLEAN HARBORS INC (CLH) Stock Technical Analysis
NYSE:CLH • US1844961078
Taking everything into account, CLH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CLH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CLH is one of the better performing stocks in the market, outperforming 84% of all stocks.
- CLH is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry. CLH outperforms 87% of them.
- CLH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CLH has a been trading in the 254.43 - 288.81 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
CLH 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.
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211.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 274.87 to 277.82. 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 256.99 to 260.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 231.76 to 233.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @213.61 from a trend 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 | 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 | 84.42 | POSITIVE | CLH has a high relative strength, it outperformed 84.42% 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) | 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) | 69.51 | NEUTRAL | The RSI value for CLH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests CLH has a positive trend. |
| Stochastics (14,3) | 84.09 | OVERBOUGHT | The high Stochastics value suggests CLH may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CLH suggests some volalility. |
| Average Directional Index/ADX (14) | 45.68 | 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 |
|---|---|---|---|
| 288.82 | 274.86 | 13.96 (4.83%) | 20.69% |
| An entry @288.82. This is a Buy Stop order right above the 10 day high. | An exit @274.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.96 points, which is 4.83%. | For a 1.00% total portfolio risk, you can invest 20.69% 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.
286.04
+1.38 (+0.48%)
CLEAN HARBORS INC / CLH FAQ
What is the technical rating for CLH stock?
ChartMill assigns a technical rating of 10 / 10 to CLH.
Can you provide the trend direction for CLEAN HARBORS INC?
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 69.5146. This indicates that the stock is currently neutral.
What is the buy/sell signal for CLH stock?
The buy/sell signal for CLEAN HARBORS INC (CLH) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CLEAN HARBORS INC (CLH) stock?
CLEAN HARBORS INC (CLH) has a support level at 277.82. Check the full technical report for our detailed analysis of CLH support and resistance levels.