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Clover Health Investments Corp (CLOV): Price Now Near $3.06; Daily Chart Shows Downtrend on 100 Day Basis

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The Hourly View for CLOV

At the time of this writing, CLOV (Get Ratings)’s price is up $0.06 (2.17%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CLOV ranks 17th in terms of today’s price percentage change out of Insurance stocks.

CLOV’s Technical Outlook on the Daily Chart

At the time of this writing, CLOV’s price is up $0.02 (0.49%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Clover Health Investments Corp’s price action over the past 90 days can be seen via the chart below.

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CLOV: Daily RSI Analysis

  • For CLOV, its RSI is now at 5.8824.
  • CLOV and RSI may be exhibiting divergent trends. This may be something to monitor.

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