Logo image of CLOEU

CLOVER LEAF CAPITAL CORP (CLOEU) Stock Technical Analysis

USA - Nasdaq - NASDAQ:CLOEU - US18915E2046

14.29 USD
+1.39 (+10.78%)
Last: 9/3/2024, 8:00:00 PM
Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to CLOEU. In the last year, CLOEU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

In the last month CLOEU has a been trading in the 11.22 - 15.84 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CLOEU has an average volume of 1736 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that CLOEU is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, CLOEU also shows a nice and consistent pattern of rising prices.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CLOEU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLOEU is lagging the market.
Weekly and Daily overview Charts
CLOVER LEAF CAPITAL CORP / CLOEU Weekly stock chart
CLOVER LEAF CAPITAL CORP / CLOEU Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, CLOEU also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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.
Support and Resistance Analysis

9.99

14.43

We found 4 important support areas.

  • Support @12.89 from a horizontal line in the weekly time frame.
  • A support zone ranging from 12.58 to 12.60. 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 10.73 to 10.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 10.09 to 10.09. This zone is formed by a combination of multiple trend lines in the daily time frame.

Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for CLOEU is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for CLOEU is neutral.
ChartMill Relative Strength88.95POSITIVECLOEU has a high relative strength, it outperformed 88.95% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of CLOEU is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CLOEU is above the rising SMA(50).
Relative Strength Index/RSI (14)55.75NEUTRALThe RSI value for CLOEU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.11NEGATIVEThe MACD value suggests CLOEU has a negative trend, although the MACD value is rising.
Stochastics (14,3)39.02NEUTRALThe Stochastics value for CLOEU is a neutral value.
Average True Range in percent/ATR (20)11HIGH VOLATILITYThe high ATR as a percentage value for CLOEU suggests high volalility.
Average Directional Index/ADX (14)30.45POSITIVEThe high ADX value value for CLOEU suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
15.5812.882.70 (17.33%)5.77%
An entry @15.58. This is a Buy Stop order right above the 10 day high.An exit @12.88. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.70 points, which is 17.33%.For a 1.00% total portfolio risk, you can invest 5.77% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of CLOEU. 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.
CLOVER LEAF CAPITAL CORP / CLOEU Daily stock chart

CLOVER LEAF CAPITAL CORP

NASDAQ:CLOEU (9/3/2024, 8:00:00 PM)

14.29

+1.39 (+10.78%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg10.78%
1 Week11.03%
2 Weeks2.07%
1 Month11.64%
3 Month21.62%
6 Month40.51%
12 Month40.1%
2 Year40.24%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.03
ATR(20)%11%
ATR Inc48.38%
Range Today3.78
ADR(20)1.41
ADR(20)%9.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.95
3 months CRSN/A
6 months CRSN/A
Mansfield-0.43
10 Day High15.57
10 Day Low11.22
20 Day High15.84
20 Day Low11.22
52 Week High15.84
52 Week Low8.9
CS1 End12.89
CR1 StartN/A
Volume & EV
DER(3)-26.89%
DER(5)-12.35%
Volume21.60K
Volume Incr394.46%
Vol(5)8.48K
Vol(50)1.74K

CLOVER LEAF CAPITAL CORP / CLOEU FAQ

What is the technical rating for CLOEU stock?

ChartMill assigns a technical rating of 9 / 10 to CLOEU.


Can you provide the trend direction for CLOVER LEAF CAPITAL CORP?

The current trend direction for CLOVER LEAF CAPITAL CORP (CLOEU) is Bearish.


Can you provide the RSI signal for CLOVER LEAF CAPITAL CORP?

CLOVER LEAF CAPITAL CORP (CLOEU) has an RSI value of 55.7532. This indicates that the stock is currently neutral.


What is the short term momentum for CLOVER LEAF CAPITAL CORP (CLOEU) stock?

The short term momentum for CLOVER LEAF CAPITAL CORP (CLOEU) is neutral.