Clearwater Paper Corporation

Stage 3 · Topping · week 1⚠ 2→3 today

As of Oct 22, 2026, Clearwater Paper is in Stage 3, the topping phase, now in its first week (since Oct 22, 2026). It closed at $19.04, 18.3% below its 52-week high and above its 200-day average, which is rising.

Clearwater Paper Corporation manufactures and supplies solid bleached sulfate (SBS) paperboard packaging products in the United States and internationally. More about the company

$19.04

+1.60% today

$307M · Small cap

Market Neutral — Fading

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

Is CLW early, or has it already run? Pro answers that for every US stock we cover, after every close.

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S3 17w

S2 22w

S4 16w

S4 25w

S4 15w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 5w → S2 7w → S3 17w → S2 22w → S3 4w → S4 16w → S1 9w → S4 10w → S1 5w → S2 6w → S3 1w → S4 25w → S1 2w → S4 15w → S1 9w → S2 11w → S3 1w current

Total tracked: 165 weeks across 17 stage runs.

CLW among Paper & Paper Products2nd of 5 by relative strength

All 5 →

Stocks in Paper & Paper Products ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	SUZSuzano S.A.	Stage 1 · wk 9	52	−7.4%
2	CLWClearwater Paper Corporation	Stage 3 · wk 1	51	−10.9%
3	SLVMSylvamo Corporation	Stage 4 · wk 29	39	−10.2%
4	ITPIT Tech Packaging, Inc.	Stage 4 · wk 15	23	−18.8%
5	MERCMercer International Inc.	Stage 4 · wk 32	5	−56.3%

vs 52W High

-18.3%

$12.44 lo$23.31 hi

18.3% below 52W high, weakening from peak

The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.

Stage Maturity

Week 1

1w13w26w

Week 1, early distribution

How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.

vs 200 DMA

10.7%

200 DMA: $17.20 · rising

Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.

Rel Volume

1.11x

vs 50-day avg

Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-10.9%

+13.2%

+30.9%

YTD

+7.6%

-3.7%

Scan Membership

Breakout Watch

Latest: 2024-03-06

9 appearances in last 60 days. First seen: 2019-01-15.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S32→3

Wk 1 · Vol 1.11x

2026-10-21S2

Wk 12 · Vol 1.44x

2026-10-20S2

Wk 12 · Vol 0.77x

2026-10-19S2

Wk 11 · Vol 1.05x

2026-10-16S2

Wk 11 · Vol 0.59x

2026-10-15S2

Wk 11 · Vol 1.58x

2026-10-14S2

Wk 11 · Vol 1.07x

2026-10-13S2

Wk 11 · Vol 1.08x

2026-10-12S2

Wk 10 · Vol 0.47x

2026-10-09S2

Wk 10 · Vol 0.38x

2026-10-08S2

Wk 10 · Vol 0.68x

2026-10-07S2

Wk 10 · Vol 0.50x

Moving averages & range

50 DMA

$20.33

200 DMA

$17.20

52W High

$23.31

52W Low

$12.44

5D Low

$18.63

Resistance levels (recent highs)

20d High

$20.34

60d High

$23.31

120d High

$23.31

250d High

$23.31

Next resistance

+6.8%

to 20d High

ROE

-10.4%

Profit margin -3.2%

Dividend Yield

0.00%

P/B 0.4

Clearwater Paper: quick answers

What stage is Clearwater Paper in?

As of Oct 22, 2026, Clearwater Paper (CLW) is in Stage 3, the topping phase. It entered Stage 3 on Oct 22, 2026 and is in its first week there. What the four stages mean

Is Clearwater Paper in an uptrend?

Its uptrend has stalled. Clearwater Paper is in Stage 3, the topping phase that follows an advance. It trades 10.7% above its 200-day average, which is rising.

How far is Clearwater Paper from its 52-week high?

Clearwater Paper closed at $19.04 on Oct 22, 2026, 18.3% below its 52-week high of $23.31. Its 52-week low is $12.44.

How has Clearwater Paper performed over the past year?

As of Oct 22, 2026, Clearwater Paper is down 3.7% over the past year and up 7.6% so far in 2026.

Which sector and industry is Clearwater Paper in?

Clearwater Paper is in the Paper & Paper Products industry, part of the Materials sector.

About this companyMaterials· Paper & Paper Products

Clearwater Paper Corporation manufactures and supplies solid bleached sulfate (SBS) paperboard packaging products in the United States and internationally. The company offers SBS paperboard for use in folding cartons, food service, and commercial printing items; folding carton paperboards, such as blister, carded packaging, and top sheet products; food service paperboard, including liquid packaging, and cup and plate categories, as well as rigid containers comprising juice, milk, and wine; and custom sheeting and slitting of paperboard products. It serves packaging converters through sales managers. The company was founded in 1926 and is headquartered in Spokane, Washington.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.