CLIMB GLOBAL SOLUTIONS INC (CLMB) Stock Technical Analysis
NASDAQ:CLMB - Nasdaq - US9467601053 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CLMB. In the past year, CLMB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, CLMB did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CLMB is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, CLMB did better than 69% of them.
CLMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLMB is lagging the market.
In the last month CLMB has a been trading in the 97.11 - 116.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLMB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
97.92
137.00
We found 2 important support areas.
- A support zone ranging from 106.47 to 107.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.91 to 101.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @112.20 from a horizontal line in the weekly time frame.
- Resistance @116.23 from a horizontal line in the daily time frame.
- Resistance @122.24 from a trend line in the weekly time frame.
- Resistance @126.06 from a trend line in the daily time frame.
- Resistance @135.64 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 | NEUTRAL | NEUTRAL | The long term trend for CLMB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLMB is up. |
| ChartMill Relative Strength | 88.71 | POSITIVE | CLMB has a high relative strength, it outperformed 88.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLMB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.05 | NEUTRAL | The RSI value for CLMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests CLMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for CLMB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for CLMB suggests a weak or negative 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)
108.2
-4.21 (-3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.75%
1 Week-3.57%
2 Weeks5.5%
1 Month2.3%
3 Month2.8%
6 Month-12.92%
12 Month71.12%
2 Year123.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.08
ATR(20)%3.62%
ATR Inc0.95%
Range Today3.98
ADR(20)3.89
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.71
Mansfield-0.77
10 Day High116.27
10 Day Low101.07
20 Day High116.27
20 Day Low97.11
52 Week High145
52 Week Low59.85
CS1 End107.73
CR1 Start112.2
Volume & EV
DER(3)-0.07%
DER(5)0.14%
Volume101.40K
Volume Incr-32.06%
Vol(5)73.32K
Vol(50)85.05K