CLEAN ENERGY FUELS CORP (CLNE) Stock Technical Analysis
NASDAQ:CLNE - Nasdaq - US1844991018 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CLNE. CLNE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CLNE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 210 stocks in the same industry.
CLNE has an average volume of 2935410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CLNE turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
CLNE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLNE is lagging the market.
In the last month CLNE has a been trading in the 1.75 - 2.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CLNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.96, a Stop Loss order could be placed below this zone.
More info and screens
1.73
3.23
3 important support areas can be observed.
- A support zone ranging from 1.92 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.82 from a trend line in the daily time frame.
- Support @1.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.18 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.20 from a trend line in the weekly 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 CLNE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLNE is up. |
| ChartMill Relative Strength | 64.2 | NEUTRAL | CLNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.14 | NEUTRAL | The RSI value for CLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CLNE has a negative trend. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for CLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for CLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.05 | NEUTRAL | The ADX value for CLNE suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.13 | 1.99 | 0.14 (6.70%) | 14.92% |
| An entry @2.13. This is a Buy Stop order right above the 10 day moving average. | An exit @1.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 6.70%. | For a 1.00% total portfolio risk, you can invest 14.92% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CLNE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.03
-0.01 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.49%
1 Week-7.31%
2 Weeks-5.58%
1 Month3.05%
3 Month45%
6 Month-29.51%
12 Month-20.39%
2 Year-58.82%
3 Year-68.67%
5 Year-14.71%
10 Year-64.76%
15 Year-89.25%
Volatility
ATR(14)0.12
ATR(20)%5.47%
ATR Inc-31.74%
Range Today0.08
ADR(20)0.11
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.2
Mansfield-2.4
10 Day High2.27
10 Day Low2
20 Day High2.27
20 Day Low1.75
52 Week High3.67
52 Week Low1.3
CS1 End1.96
CR1 Start2.18
Volume & EV
DER(3)-4.75%
DER(5)-7.19%
Volume1.89M
Volume Incr-27.11%
Vol(5)2.01M
Vol(50)2.94M