Technical Analysis:
CLH is currently showing bearish signals with RSI at 33.01, indicating oversold conditions. The stock has experienced significant selling pressure, trading below all major moving averages (SMA 5: 221.29, SMA 20: 231.80).
Price Levels and Support/Resistance:
- Current Price: $218.65
- Fibonacci Support Levels:
- S1: $214.74
- S2: $208.32
- S3: $197.92
- Fibonacci Resistance Levels:
- R1: $235.55
- R2: $241.97
- R3: $252.37
News Impact:
- Upcoming Q4 2024 earnings call on February 19, 2025
- High put option activity noted at $220 strike for February 21, 2025, suggesting bearish sentiment
Price Prediction for Next Week:
Based on technical indicators and recent trading patterns:
- Most Likely Scenario: Price expected to test S1 support at $214.74
- Target Range: $214-$220
- Stop Loss: $208.32 (S2 level)
Trading Recommendation: SELL
Rationale:
- Oversold conditions haven't shown reversal signals yet
- High put option activity indicates bearish sentiment
- Price trading below all major moving averages
- MACD showing negative momentum (-4.63)
Suggested Entry: Current market price ($218.65)
Take Profit: $214.74 (S1 level)
Stop Loss: Above $220 (recent put option strike price)
Technical Analysis:
CLH is currently showing bearish signals with RSI at 33.01, indicating oversold conditions. The stock has experienced significant selling pressure, trading below all major moving averages (SMA 5: 221.29, SMA 20: 231.80).
Price Levels and Support/Resistance:
- Current Price: $218.65
- Fibonacci Support Levels:
- S1: $214.74
- S2: $208.32
- S3: $197.92
- Fibonacci Resistance Levels:
- R1: $235.55
- R2: $241.97
- R3: $252.37
News Impact:
- Upcoming Q4 2024 earnings call on February 19, 2025
- High put option activity noted at $220 strike for February 21, 2025, suggesting bearish sentiment
Price Prediction for Next Week:
Based on technical indicators and recent trading patterns:
- Most Likely Scenario: Price expected to test S1 support at $214.74
- Target Range: $214-$220
- Stop Loss: $208.32 (S2 level)
Trading Recommendation: SELL
Rationale:
- Oversold conditions haven't shown reversal signals yet
- High put option activity indicates bearish sentiment
- Price trading below all major moving averages
- MACD showing negative momentum (-4.63)
Suggested Entry: Current market price ($218.65)
Take Profit: $214.74 (S1 level)
Stop Loss: Above $220 (recent put option strike price)