CTEV Technical Analysis - CLARITEV CORP

Technical Rating and Analysis

Taking everything into account, CTEV scores 6 out of 10 in our technical rating. Although CTEV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

100% of all other stocks performed better in the past year than CTEV.

CTEV is one of the lesser performing stocks in the Health Care Technology industry. 97% of 35 stocks in the same industry do better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CTEV has a been trading in the 45.86 - 69.38 range, which is quite wide. It is currently trading near the high of this range.

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

Setup Rating and Analysis

CTEV has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.48

73.31

We found 3 important support areas.

A support zone ranging from 55.29 to 55.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @50.22 from a trend line in the daily time frame.
Support @40.89 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 72.16 to 72.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for CTEV is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CTEV is up.
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)	UP	POSITIVE	The current price of CTEV is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CTEV is above a declining SMA(50).
Relative Strength Index/RSI (14)	65.67	NEUTRAL	The RSI value for CTEV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.76	POSITIVE	The MACD value suggests CTEV has a positive trend.
Stochastics (14,3)	85.7	OVERBOUGHT	The high Stochastics value suggests CTEV may be overbought.
Average True Range in percent/ATR (20)	5.86	HIGH VOLATILITY	The high ATR as a percentage value for CTEV suggests high volalility.
Average Directional Index/ADX (14)	21.83	NEUTRAL	The ADX value for CTEV suggests a possible start of a new trend.