CLEARWATER ANALYTICS HDS-A (CWAN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CWAN - US1851231068 - Common Stock
Taking everything into account, CWAN scores 8 out of 10 in our technical rating. Although CWAN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CWAN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.14. Right above this resistance zone may be a good entry point.
More info and screens
16.19
We found 3 important support areas.
- Support @22.19 from a horizontal line in the daily time frame.
- A support zone ranging from 20.90 to 21.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.14 to 24.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CWAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CWAN is up. |
| ChartMill Relative Strength | 69.04 | NEUTRAL | CWAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CWAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CWAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CWAN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.66 | OVERBOUGHT | The high RSI value suggests CWAN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CWAN has a negative trend. |
| Stochastics (14,3) | 93.87 | OVERBOUGHT | The high Stochastics value suggests CWAN may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for CWAN suggests low volalility. |
| Average Directional Index/ADX (14) | 47.67 | POSITIVE | The high ADX value value for CWAN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.38 | 24.04 | 0.35 (1.42%) | 25.00% |
| An entry @24.38. This is a Buy Stop order right above the resistance zone. | An exit @24.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.35 points, which is 1.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%. |
- The distance between exit and entry is rather small compared to the average daily movement of CWAN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.13
+0.04 (+0.17%)
CLEARWATER ANALYTICS HDS-A / CWAN FAQ
What is the ChartMill technical rating of CLEARWATER ANALYTICS HDS-A (CWAN) stock?
ChartMill assigns a technical rating of 8 / 10 to CWAN.
What is the trend direction for CWAN stock?
The current trend direction for CLEARWATER ANALYTICS HDS-A (CWAN) is Bullish.
What is the RSI signal for CWAN stock?
CLEARWATER ANALYTICS HDS-A (CWAN) has an RSI value of 71.6639. This indicates that the stock is currently overbought.
What is the short term momentum for CWAN stock?
The short term momentum for CLEARWATER ANALYTICS HDS-A (CWAN) is positive.
Can you provide the buy/sell signal for CLEARWATER ANALYTICS HDS-A?
The buy/sell signal for CLEARWATER ANALYTICS HDS-A (CWAN) is buy as both the short term and long term trends are positive.