CTEV Technical Analysis - CLARITEV CORP

Technical Rating and Analysis

Taking everything into account, CTEV scores 3 out of 10 in our technical rating. CTEV was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, CTEV is a bad performer in the overall market: 100% of all stocks are doing better.

CTEV is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 97% are performing better than CTEV.

In the last month CTEV has a been trading in the 48.85 - 73.99 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of CTEV is bad and it also does not present a quality setup 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

48.39

72.91

When analyzing the support we can see 3 important areas.

A support zone ranging from 50.92 to 51.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @49.84 from a horizontal line in the daily time frame.
Support @48.88 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 53.09 to 53.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @72.19 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for CTEV is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CTEV is down.
ChartMill Relative Strength	0	NEGATIVE	CTEV has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CTEV is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CTEV is below the rising SMA(50).
Relative Strength Index/RSI (14)	39.73	NEUTRAL	The RSI value for CTEV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.01	NEGATIVE	The MACD value suggests CTEV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.39	OVERSOLD	The low Stochastics value suggests CTEV may be oversold.
Average True Range in percent/ATR (20)	6.54	HIGH VOLATILITY	The high ATR as a percentage value for CTEV suggests high volalility.
Average Directional Index/ADX (14)	28.24	POSITIVE	The high ADX value value for CTEV suggests a strong trend.