CLEANTECH ACQUISITION CORP (CLAQU) Stock Technical Analysis
NASDAQ:CLAQU - Nasdaq - US18453L2060 - Currency: USD
Taking everything into account, CLAQU scores 1 out of 10 in our technical rating. CLAQU'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, CLAQU is a bad performer in the overall market: 100% of all stocks are doing better.
CLAQU is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CLAQU is lagging the market.
In the last month CLAQU has a been trading in the 6.62 - 12.27 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.
Warning: CLAQU has an average volume of 2788 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Considerably lower volume is observed in the last couple of days.
The technical rating of CLAQU 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
6.55
10.40
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.04 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 CLAQU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLAQU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CLAQU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLAQU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLAQU is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 26.44 | OVERSOLD | The low RSI value suggests CLAQU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CLAQU has a negative trend. |
| Stochastics (14,3) | 35.44 | NEUTRAL | The Stochastics value for CLAQU is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for CLAQU suggests high volalility. |
| Average Directional Index/ADX (14) | 15.54 | NEGATIVE | The low ADX value for CLAQU suggests a weak or negative 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)
NASDAQ:CLAQU (9/7/2022, 8:21:28 PM)
6.62
-3.58 (-35.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-35.1%
1 Week-36.8%
2 Weeks-35.79%
1 Month-34.78%
3 Month-35.41%
6 Month-35.22%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%8.28%
ATR Inc775.68%
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
CRS0
Mansfield-30
10 Day High12.27
10 Day Low6.62
20 Day High12.27
20 Day Low6.62
52 Week High12.27
52 Week Low6.62
CS1 EndN/A
CR1 Start10.04
Volume & EV
DER(3)-22.69%
DER(5)1.93%
Volume900
Volume Incr-85.23%
Vol(5)740
Vol(50)2.79K