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$64.73 (-2.71%)

Volume: 76k

Closed: Nov 26, 2021

Hollow Logo Score: 3.227

Clearfield Stock Forecast

$64.73 (-2.71%)

Volume: 76k

Closed: Nov 26, 2021

Score Hollow Logo 3.227
Which way will CLFD go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $61.72 (-4.65%)
Key Stats
Beta 2.21
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

Clearfield stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-01 Gain 43.59%

The Clearfield stock price fell by -2.71% on the last day (Friday, 26th Nov 2021) from $66.53 to $64.73. During the day the stock fluctuated 3.86% from a day low at $63.55 to a day high of $66.01. The price has been going up and down for this period, and there has been a -3.2% loss for the last 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 76 thousand shares were bought and sold for approximately $4.95 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 57.33% during the next 3 months and, with a 90% probability hold a price between $95.64 and $116.59 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -7.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Clearfield stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $66.66. On a fall, the stock will find some support from the long-term average at approximately $59.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss

Clearfield finds support from accumulated volume at $63.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.46 between high and low, or 3.86%. For the last week, the stock has had a daily average volatility of 4.10%.

Our recommended stop-loss: $61.72 (-4.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Is Clearfield stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.227

Predicted Opening Price for Clearfield of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$64.76 $64.73 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Oct 04, 2021 "Northland Securities" gave "$43.00 - $50.00" rating for CLFD. The price target was set to $45.60+1.2%.

Volatility and Risk
Daily Average Volatility: 4.10 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.10 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $66.10
Price: $64.73
Support: $63.43

CLFD Insider Trading Show all Trades

INSIDER POWER

0.518

Last 100 transactions
Buy: 169 273 | Sell: 327 008 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 4 621 Hayssen Charles N Common Stock
Nov 16, 2021 Buy 5 837 Herzog Daniel R Option to Purchase Common Stock
Nov 16, 2021 Buy 1 121 Herzog Daniel R Restricted Stock
Nov 16, 2021 Sell 206 Herzog Daniel R Common Stock
Nov 16, 2021 Buy 8 797 Hill John P Option to Purchase Common Stock
Show all Insider Trades
INSIDER POWER

0.518

Last 100 transactions
Buy: 169 273 | Sell: 327 008 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 67.22 3.85 %
66.28 2.40 %
65.70 1.50 %
Current price: 64.73
Support 63.83 -1.40 %
63.25 -2.29 %
62.31 -3.74 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 70.25 8.53 %
66.87 3.31 %
66.10 2.12 %
Current price 64.73
Support 63.43 -2.01%
51.84 -19.91%
50.04 -22.69%

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About Clearfield

Clearfield Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises (FTTP), large enterprises, and original equipment manufacturers markets in the United States. The company offers Clearview cassette, a main building block of the company’s product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassette’s main housing to support a ran... Read more

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