CLIMB GLOBAL SOLUTIONS INC (CLMB) Stock Technical Analysis
NASDAQ:CLMB - Nasdaq - US9467601053 - Common Stock - Currency: USD
Taking everything into account, CLMB scores 3 out of 10 in our technical rating. Although CLMB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
Looking at the yearly performance, CLMB did better than 94% of all other stocks.
CLMB is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 85% of 125 stocks in the same industry.
CLMB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLMB is lagging the market slightly.
In the last month CLMB has a been trading in the 94.98 - 112.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CLMB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
76.91
137.00
3 important support areas can be observed.
- Support @104.58 from a trend line in the daily time frame.
- A support zone ranging from 98.75 to 99.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @77.69 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 106.31 to 110.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @125.98 from a trend line in the weekly time frame.
- Resistance @128.91 from a trend line in the daily time frame.
- Resistance @132.69 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CLMB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLMB is down. |
| ChartMill Relative Strength | 94.04 | POSITIVE | CLMB has a high relative strength, it outperformed 94.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLMB is below a declining 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) | 45.39 | NEUTRAL | The RSI value for CLMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CLMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.36 | NEUTRAL | The Stochastics value for CLMB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CLMB suggests some volalility. |
| Average Directional Index/ADX (14) | 10.18 | 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)
104.97
+0.36 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.34%
1 Week-3.3%
2 Weeks-2.18%
1 Month-3.82%
3 Month-15.63%
6 Month-24.96%
12 Month88.83%
2 Year123.58%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%4.29%
ATR Inc-11.72%
Range Today3.62
ADR(20)4.43
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.04
Mansfield0.13
10 Day High112.98
10 Day Low103.28
20 Day High112.98
20 Day Low94.98
52 Week High145
52 Week Low54
CS1 End104.58
CR1 Start106.31
Volume & EV
DER(3)-1.91%
DER(5)-2.21%
Volume99.28K
Volume Incr32.56%
Vol(5)48.54K
Vol(50)33.96K