CLEANTECH ACQUISITION CORP (CLAQ) Stock Technical Analysis
USA - NASDAQ:CLAQ - US18453L1070 - Common Stock
5.6 USD
-0.5 (-8.2%)
5.3 USD
-0.3 (-5.36%)
We assign a technical rating of 0 out of 10 to CLAQ. CLAQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CLAQ is a bad performer in the overall market: 87% of all stocks are doing better.
CLAQ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CLAQ has a been trading in the 5.02 - 13.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of CLAQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.54
10.63
We can see 2 important resistance areas.
- A resistance zone ranging from 9.89 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.52 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CLAQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLAQ is down. |
| ChartMill Relative Strength | 13.75 | NEGATIVE | CLAQ has a low relative strength, it was outperformed by 86.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLAQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLAQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLAQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 15.48 | OVERSOLD | The low RSI value suggests CLAQ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests CLAQ has a negative trend. |
| Stochastics (14,3) | 11.13 | OVERSOLD | The low Stochastics value suggests CLAQ may be oversold. |
| Average True Range in percent/ATR (20) | 13.35 | HIGH VOLATILITY | The high ATR as a percentage value for CLAQ suggests high volalility. |
| Average Directional Index/ADX (14) | 49.95 | POSITIVE | The high ADX value value for CLAQ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.6
-0.5 (-8.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.2%
1 Week-47.22%
2 Weeks-45.37%
1 Month-45.53%
3 Month-44.39%
6 Month-44.06%
12 Month-43.32%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%13.35%
ATR Inc42.69%
Range Today1.48
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.75
Mansfield-4.09
10 Day High13
10 Day Low5.02
20 Day High13
20 Day Low5.02
52 Week High13
52 Week Low5.02
CS1 EndN/A
CR1 Start9.89
Volume & EV
DER(3)-11.77%
DER(5)-8.22%
Volume48.40K
Volume Incr589.94%
Vol(5)129.26K
Vol(50)36.63K