CLOVER HEALTH INVESTMENTS CO (CLOV) Stock Technical Analysis
NASDAQ:CLOV - Nasdaq - US18914F1030 - Common Stock - Currency: USD
Overall CLOV gets a technical rating of 3 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 2.71 - 3.24 range, which is quite wide. It is currently trading near the lows of this range.
CLOV is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 91% of 103 stocks in the same industry.
CLOV has an average volume of 6031000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CLOV is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, CLOV also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
CLOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLOV is lagging the market.
Volume is considerably higher in the last couple of days.
The technical rating of CLOV is bad and it also does not present a 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
2.71
3.91
5 important resistance areas can be observed.
- A resistance zone ranging from 2.89 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.99 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.35 from a trend line in the daily time frame.
- 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 | 93.87 | POSITIVE | CLOV has a high relative strength, it outperformed 93.87% 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) | 32.94 | NEUTRAL | The RSI value for CLOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CLOV has a negative trend. |
| Stochastics (14,3) | 16.02 | OVERSOLD | The low Stochastics value suggests CLOV may be oversold. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for CLOV suggests some volalility. |
| Average Directional Index/ADX (14) | 26.15 | POSITIVE | The high ADX value value for CLOV suggests a strong 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)
2.74
-0.1 (-3.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-3.52%
1 Week-3.18%
2 Weeks-8.36%
1 Month-14.64%
3 Month-23.68%
6 Month-15.95%
12 Month122.76%
2 Year205.43%
3 Year28.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.53%
ATR Inc37.09%
Range Today0.18
ADR(20)0.12
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.87
Mansfield-2.06
10 Day High3.16
10 Day Low2.71
20 Day High3.24
20 Day Low2.71
52 Week High4.87
52 Week Low1.18
CS1 EndN/A
CR1 Start2.89
Volume & EV
DER(3)3.7%
DER(5)4.99%
Volume7.05M
Volume Incr69.08%
Vol(5)9.54M
Vol(50)6.03M