CLOVER HEALTH INVESTMENTS CO (CLOV) Stock Technical Analysis
NASDAQ:CLOV - Nasdaq - US18914F1030 - Common Stock - Currency: USD
Overall CLOV gets a technical rating of 4 out of 10. Although CLOV 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month CLOV has a been trading in the 3.08 - 3.90 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that CLOV is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, CLOV also shows a nice and consistent pattern of rising prices.
CLOV is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. CLOV outperforms 96% of them.
CLOV has an average volume of 5932630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLOV 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 CLOV is lagging the market slightly.
CLOV has an average technical rating and it also does not offer a high quality setup 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
3.06
3.91
When analyzing the support we notice one important area.
- A support zone ranging from 3.09 to 3.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.13 to 3.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.38 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.56 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.72 from a horizontal line in the daily time frame.
- Resistance @3.87 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 CLOV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLOV is down. |
| ChartMill Relative Strength | 97.18 | POSITIVE | CLOV has a high relative strength, it outperformed 97.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLOV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLOV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.5 | NEUTRAL | The RSI value for CLOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CLOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.59 | OVERSOLD | The low Stochastics value suggests CLOV may be oversold. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for CLOV suggests high volalility. |
| Average Directional Index/ADX (14) | 22.77 | NEUTRAL | The ADX value for CLOV suggests a possible start of a new 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)
3.1
-0.07 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.21%
1 Week-3.43%
2 Weeks-13.89%
1 Month-7.46%
3 Month-14.84%
6 Month-7.74%
12 Month181.82%
2 Year245.56%
3 Year44.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.85%
ATR Inc-34.51%
Range Today0.1
ADR(20)0.18
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.18
Mansfield-0.61
10 Day High3.74
10 Day Low3.08
20 Day High3.9
20 Day Low3.08
52 Week High4.87
52 Week Low0.9
CS1 End3.09
CR1 Start3.13
Volume & EV
DER(3)-1.64%
DER(5)-1.52%
Volume5.31M
Volume Incr-10.29%
Vol(5)5.69M
Vol(50)5.93M