Clean Harbors Technical Analysis (NYSE:CLH)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Clean Harbors stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CLH stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Clean Harbors. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Clean Harbors stock analysis.
Clean Harbors Moving Average:
Moving averages show the CLH stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $54.32 is above the last closing price of $50.25 and the 50 day moving average of $55.24 is above the $50.25 price. The 10 and 20 day periods can predict short term moving average trends.
Clean Harbors Bollinger Bands:
Bollinger bands comprise of a center line usually CLH SMA, and two CLH stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Clean Harbors bollinger bands show that the stock price is $50.25, upper band is 12.15, lower band is 9.45, and the average is 10.8.
Clean Harbors Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Clean Harbors MACD indicator can be used to identify bullish and bearish trends for the stock.
Clean Harbors Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of CLH stock is 24.94. .