CLPS INC (CLPS) Stock Technical Analysis
NASDAQ:CLPS - Nasdaq - KYG316421042 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CLPS. CLPS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CLPS is a bad performer in the overall market: 76% of all stocks are doing better.
CLPS is one of the lesser performing stocks in the IT Services industry. 66% of 82 stocks in the same industry do better.
CLPS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLPS is lagging the market.
In the last month CLPS has a been trading in the 0.92 - 1.07 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CLPS has an average volume of 10504 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, CLPS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.02. Right above this resistance zone may be a good entry point.
More info and screens
0.91
1.36
2 important support areas can be observed.
- A support zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.92 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.07 from a trend line in the weekly time frame.
- Resistance @1.11 from a trend line in the daily time frame.
- Resistance @1.35 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 CLPS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLPS is neutral. |
| ChartMill Relative Strength | 24.19 | NEGATIVE | CLPS has a low relative strength, it was outperformed by 75.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLPS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLPS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLPS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for CLPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CLPS has a positive trend. |
| Stochastics (14,3) | 19.91 | OVERSOLD | The low Stochastics value suggests CLPS may be oversold. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for CLPS suggests high volalility. |
| Average Directional Index/ADX (14) | 11.4 | NEGATIVE | The low ADX value for CLPS 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)
0.9599
+0.02 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg2.12%
1 Week1.05%
2 Weeks-1.09%
1 Month0.24%
3 Month-24.21%
6 Month-13.91%
12 Month5.48%
2 Year-18.65%
3 Year-37.67%
5 Year-55.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.62%
ATR Inc4.81%
Range Today0.07
ADR(20)0.05
ADR(20)%5.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.19
Mansfield-1.78
10 Day High1.01
10 Day Low0.92
20 Day High1.07
20 Day Low0.92
52 Week High1.7
52 Week Low0.68
CS1 End0.95
CR1 Start1.02
Volume & EV
DER(3)2.46%
DER(5)-2.64%
Volume25.30K
Volume Incr12.04%
Vol(5)10.14K
Vol(50)10.50K