CLOVER HEALTH INVESTMENTS CO (CLOV) Stock Technical Analysis
NASDAQ:CLOV - US18914F1030 - Common Stock
2.62 USD
-0.01 (-0.38%)
2.61 USD
-0.01 (-0.38%)
Taking everything into account, CLOV scores 0 out of 10 in our technical rating. CLOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CLOV is a bad performer in the overall market: 83% of all stocks are doing better.
CLOV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CLOV has an average volume of 10013700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLOV is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, CLOV did better than 46% of them.
In the last month CLOV has a been trading in the 2.12 - 2.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CLOV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.61, a Stop Loss order could be placed below this zone.
More info and screens
2.23
3.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.57 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.25 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @2.69 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.74 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.10 from a trend line in the daily time frame.
- Resistance @3.22 from a trend 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 | 17.38 | NEGATIVE | CLOV has a low relative strength, it was outperformed by 82.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLOV is above 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) | DOWN | NEGATIVE | The current price of CLOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.93 | NEUTRAL | The RSI value for CLOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CLOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.99 | NEUTRAL | The Stochastics value for CLOV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for CLOV suggests high volalility. |
| Average Directional Index/ADX (14) | 12.28 | NEGATIVE | The low ADX value for CLOV 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)
2.62
-0.01 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.38%
1 Week-4.03%
2 Weeks-1.13%
1 Month-5.76%
3 Month-16.56%
6 Month-34%
12 Month-0.38%
2 Year100%
3 Year0.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.22%
ATR Inc-38.91%
Range Today0.08
ADR(20)0.13
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.38
Mansfield-2.98
10 Day High2.81
10 Day Low2.47
20 Day High2.97
20 Day Low2.12
52 Week High4.87
52 Week Low2.12
CS1 End2.61
CR1 Start2.69
Volume & EV
DER(3)1.05%
DER(5)-2.49%
Volume2.87M
Volume Incr-60.91%
Vol(5)3.40M
Vol(50)10.01M