Clean Harbors Technical Analysis (NYSE:CLH)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Clean Harbors stock price data and volume are plotted in CLH stock charts and these trading charts form the basis of technical analysis.
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 help predict the price direction of CLH stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Clean Harbors are mostly signals of long term trends and will help long term traders.
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 overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Clean Harbors bollinger bands.
Clean Harbors Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Clean Harbors MACD line is above the signal line.
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 68.24.