CLARIVATE PLC (CLVT) Stock Technical Analysis
NYSE:CLVT • JE00BJJN4441
Taking everything into account, CLVT scores 0 out of 10 in our technical rating. CLVT'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CLVT is a bad performer in the overall market: 97% of all stocks are doing better.
- CLVT is one of the lesser performing stocks in the Professional Services industry. 78% of 88 stocks in the same industry do better.
- CLVT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CLVT has a been trading in the 1.72 - 2.99 range, which is quite wide. It is currently trading near the lows of this range.
- CLVT has an average volume of 6289920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLVT has a poor technical rating and the quality of the setup is also only medium 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
1.76
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.13 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.25 from a trend line in the weekly time frame.
- Resistance @4.44 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 CLVT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLVT is down. |
| ChartMill Relative Strength | 3.84 | NEGATIVE | CLVT has a low relative strength, it was outperformed by 96.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLVT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLVT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLVT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 19.47 | OVERSOLD | The low RSI value suggests CLVT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.84 | OVERSOLD | The low Stochastics value suggests CLVT may be oversold. |
| Average True Range in percent/ATR (20) | 10.17 | HIGH VOLATILITY | The high ATR as a percentage value for CLVT suggests high volalility. |
| Average Directional Index/ADX (14) | 66.2 | POSITIVE | The high ADX value value for CLVT suggests a strong trend. |
1.78
0 (0%)
CLARIVATE PLC / CLVT FAQ
What is the technical rating for CLVT stock?
ChartMill assigns a technical rating of 0 / 10 to CLVT.
What is the trend direction for CLVT stock?
The current trend direction for CLARIVATE PLC (CLVT) is Bearish.
Can you provide the RSI signal for CLARIVATE PLC?
CLARIVATE PLC (CLVT) has an RSI value of 19.4693. This indicates that the stock is currently oversold.
What is the short term momentum for CLARIVATE PLC (CLVT) stock?
The short term momentum for CLARIVATE PLC (CLVT) is negative.
What is the buy/sell signal for CLARIVATE PLC (CLVT) stock?
The buy/sell signal for CLARIVATE PLC (CLVT) is sell as both the short term and long term trends are negative.