CLPT Technical Analysis - CLEARPOINT NEURO INC

Technical Rating and Analysis

Overall CLPT gets a technical rating of 9 out of 10. CLPT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Looking at the yearly performance, CLPT did better than 93% of all other stocks.

CLPT is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry. CLPT outperforms 95% of them.

CLPT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CLPT has a been trading in the 10.06 - 20.94 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLEARPOINT NEURO INC / CLPT Weekly stock chart

CLEARPOINT NEURO INC / CLPT Daily stock chart

Setup Rating and Analysis

Although CLPT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.90

19.47

2 important support areas can be observed.

A support zone ranging from 10.58 to 10.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @10.00 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for CLPT is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CLPT is up.
ChartMill Relative Strength	93.91	POSITIVE	CLPT has a high relative strength, it outperformed 93.91% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CLPT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CLPT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CLPT is above the rising SMA(200).
Relative Strength Index/RSI (14)	87.75	OVERBOUGHT	The high RSI value suggests CLPT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.64	POSITIVE	The MACD value suggests CLPT has a positive trend.
Stochastics (14,3)	83.64	OVERBOUGHT	The high Stochastics value suggests CLPT may be overbought.
Average True Range in percent/ATR (20)	5.06	HIGH VOLATILITY	The high ATR as a percentage value for CLPT suggests high volalility.
Average Directional Index/ADX (14)	22.36	NEUTRAL	The ADX value for CLPT suggests a possible start of a new trend.