Clover Health Investments, Corp. Stock Forecast NASDAQ:CLOV

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Analyst Ratings Last 30 days
Stop-loss: $11.83 (-5.82%)
Price TargetJune 10, 2021 4
Low Average High
$9.00 $9.25 $10.00
Key Stats
Beta 1.1
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ]
RSI14 is 59 and the stock is currently not being overbought or oversold

Clover Health Investments, Corp. stock price down 3.01% on Thursday (Updated on June 17, 2021)

Buy or Hold candidate since 2021-06-02 Gain 43.71%

The Clover Health Investments, Corp. stock price fell by -3.01% on the last day (Thursday, 17th Jun 2021) from $12.95 to $12.56. and has now fallen 5 days in a row. During the day the stock fluctuated 8.96% from a day low at $12.50 to a day high of $13.62. The price has fallen in 6 of the last 10 days, but is still up by 40.49% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 million shares and in total, 30 million shares were bought and sold for approximately $381.44 million.

The stock lies in the middle of a very 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 25.41% during the next 3 months and, with a 90% probability hold a price between $10.23 and $28.42 at the end of this 3-month period.

Signals & Forecast

The Clover Health Investments, Corp. 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 $14.32. On a fall, the stock will find some support from the long-term average at approximately $9.80. 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. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 08, 2021, and so far it has fallen -43.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $11.92 and $10.50. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clover Health Investments, Corp. finds support just below today's level at $11.92. If this is broken, then the next support from accumulated volume will be at $10.50 and $9.67.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.12 between high and low, or 8.96%. For the last week, the stock has had a daily average volatility of 14.19%.

Our recommended stop-loss: $11.83 (-5.82%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 day(s) ago.)

Is Clover Health Investments, Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Clover Health Investments, Corp. stock to perform well in the short-term.

Current score: 2.598

Predicted Opening Price for Clover Health Investments, Corp. of Friday, June 18, 2021

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

Fair opening price June 18, 2021 Current price
$12.89 $12.56 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

The last rating was given by Bank of America on June 10, 2021. The price target was set to $10.00. Over the last 30 days, this security got 0 buy, 1 sell, and 3 hold ratings.

14.19 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $14.34
Price: $12.56
Support: $11.92

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.01 11.57 %
13.59 8.16 %
13.32 6.06 %
Current price: 12.56
Support 12.47 -0.75 %
12.20 -2.86 %
11.77 -6.26 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 15.03 19.67 %
14.66 16.72 %
14.34 14.17 %
Current price 12.56
Support 11.92 -5.10%
10.50 -16.40%
9.67 -23.01%

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