Cloudera (CLDR) : "No, they are in the penalty box." That was Jim Cramer's response to a caller during his fast paced Lightning Round of his Mad Money program on CNBC. Let's review the charts and indicators.
In this daily bar chart of CLDR, below, we can see that CLDR has not had it easy in the past 12 months with prices diving to $5 in June and July from $20 back in early October. Prices are now above the declining 50-day moving average line but well below the bearish 200-day line.
The trading volume has been relatively light the past year but it has surged when prices have gapped lower in March and June.
The daily On-Balance-Volume (OBV) line declined from October to late June telling us that sellers have been more aggressive but the line has improved from early July. Is this short-covering or is there a turnaround in the making? Too early to know.
The Moving Average Convergence Divergence (MACD) oscillator is back to the zero line for a buy signal.
In this weekly chart of CLDR, below, we can see the history of trading and like the daily chart it has not been good. Prices are below the declining 40-week moving average line.
The weekly OBV line tends to follow prices up and down and recently shot up sharply. The weekly MACD oscillator is crossing to the upside for a cover shorts buy signal.
In this Point and Figure chart of CLDR, below, we can see that prices reached and exceeded their upside price target of $6. Prices could move up to fill the June gap but after a move from $5 to $7 I can't get too excited about further gains.
Bottom line strategy: CLDR needs a lot of base building before it can get out of the dog house, technically speaking.