CLARUS CORP (CLAR) Stock Technical Analysis
NASDAQ:CLAR • US18270P1093
We assign a technical rating of 0 out of 10 to CLAR. CLAR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CLAR is a bad performer in the overall market: 84% of all stocks are doing better.
- CLAR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CLAR has a been trading in the 3.06 - 3.92 range, which is quite wide. It is currently trading near the lows of this range.
- CLAR is an average performer in the Leisure Products industry, it outperforms 48% of 32 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CLAR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.13, a Stop Loss order could be placed below this zone.
More info and screens
3.04
When analyzing the support we notice one important area.
- A support zone ranging from 3.07 to 3.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.37 to 3.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.77 to 3.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for CLAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLAR is down. |
| ChartMill Relative Strength | 16.98 | NEGATIVE | CLAR has a low relative strength, it was outperformed by 83.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLAR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLAR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.51 | NEUTRAL | The RSI value for CLAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLAR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests CLAR may be oversold. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for CLAR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for CLAR suggests a strong trend. |
3.26
+0.1 (+3.16%)
CLARUS CORP / CLAR FAQ
Can you provide the ChartMill technical rating for CLARUS CORP?
ChartMill assigns a technical rating of 0 / 10 to CLAR.
What is the trend direction for CLAR stock?
The current trend direction for CLARUS CORP (CLAR) is Bearish.
What is the RSI signal for CLARUS CORP (CLAR) stock?
CLARUS CORP (CLAR) has an RSI value of 42.5069. This indicates that the stock is currently neutral.
What is the short term momentum for CLAR stock?
The short term momentum for CLARUS CORP (CLAR) is negative.
What is the buy/sell signal for CLARUS CORP (CLAR) stock?
The buy/sell signal for CLARUS CORP (CLAR) is sell as both the short term and long term trends are negative.