CLOVER HEALTH INVESTMENTS CO (CLOV) Technical Analysis
NASDAQ:CLOV • US18914F1030
Current stock price
CLOV Technical Rating and Analysis
Overall CLOV gets a technical rating of 0 out of 10. 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.
- 92% of all other stocks performed better in the past year than CLOV.
- CLOV is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 79% are performing better than CLOV.
- CLOV is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CLOV is lagging the market.
- In the last month CLOV has a been trading in the 1.86 - 2.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CLOV has an average volume of 6088340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLOV Weekly and Daily overview Charts
CLOV Setup Rating and Analysis
Although the technical rating is bad, CLOV does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
CLOV Support and Resistance Analysis
1.87
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.02 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.28 from a trend line in the weekly time frame.
CLOV 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.
| 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 | 8.26 | NEGATIVE | CLOV has a low relative strength, it was outperformed by 91.74% 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) | DOWN | NEGATIVE | The current price of CLOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.29 | NEUTRAL | The RSI value for CLOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLOV has a negative trend. |
| Stochastics (14,3) | 9.62 | OVERSOLD | The low Stochastics value suggests CLOV may be oversold. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for CLOV suggests high volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for CLOV suggests a weak or negative trend. |
CLOV Chart- and CandleStick Pattern Analysis
CLOV Technicals: Chart, Performance Metrics, Trend & Indicators
1.89
+0.01 (+0.53%)
CLOVER HEALTH INVESTMENTS CO / CLOV TA FAQ
What is the ChartMill technical rating of CLOVER HEALTH INVESTMENTS CO (CLOV) stock?
ChartMill assigns a technical rating of 0 / 10 to CLOV.
What is the trend direction for CLOV stock?
The current trend direction for CLOVER HEALTH INVESTMENTS CO (CLOV) is Bearish.
What is the RSI signal for CLOV stock?
CLOVER HEALTH INVESTMENTS CO (CLOV) has an RSI value of 35.2851. This indicates that the stock is currently neutral.
What is the MACD signal for CLOV stock?
The MACD indicator for CLOVER HEALTH INVESTMENTS CO (CLOV) has a value of -0.00148441, indicating a bearish trend.
What are the support and resistance levels for CLOVER HEALTH INVESTMENTS CO (CLOV) stock?
CLOVER HEALTH INVESTMENTS CO (CLOV) has a resistance level at 2.02. Check the full technical report for our detailed analysis of CLOV support and resistance levels.