CLEAN ENERGY FUELS CORP (CLNE) Stock Technical Analysis
NASDAQ:CLNE - Nasdaq - US1844991018 - Common Stock - Currency: USD
Taking everything into account, CLNE scores 2 out of 10 in our technical rating. CLNE'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
80% of all other stocks performed better in the past year than CLNE.
CLNE is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 74% are performing better than CLNE.
CLNE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLNE is lagging the market.
CLNE has an average volume of 2804890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CLNE has a been trading in the 1.69 - 2.05 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 bad, CLNE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.87, a Stop Loss order could be placed below this zone.
More info and screens
1.69
3.28
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.84 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.79 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.71 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @2.03 from a horizontal line in the weekly time frame.
- Resistance @2.09 from a horizontal line in the daily time frame.
- Resistance @3.06 from a trend line in the weekly time frame.
- Resistance @3.25 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 | DOWN | NEGATIVE | The long term trend for CLNE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLNE is neutral. |
| ChartMill Relative Strength | 20.93 | NEGATIVE | CLNE has a low relative strength, it was outperformed by 79.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLNE is above a declining 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) | 55.03 | NEUTRAL | The RSI value for CLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.89 | NEUTRAL | The Stochastics value for CLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for CLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for CLNE 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)
1.89
+0.05 (+2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.72%
1 Week3.85%
2 Weeks5.59%
1 Month-3.57%
3 Month7.39%
6 Month-31.77%
12 Month-30.26%
2 Year-61.9%
3 Year-57.81%
5 Year-14.86%
10 Year-66.37%
15 Year-87.35%
Volatility
ATR(14)0.12
ATR(20)%6.32%
ATR Inc1.78%
Range Today0.16
ADR(20)0.12
ADR(20)%6.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.93
Mansfield-2.79
10 Day High1.99
10 Day Low1.69
20 Day High2.05
20 Day Low1.69
52 Week High3.67
52 Week Low1.3
CS1 End1.87
CR1 Start2.03
Volume & EV
DER(3)-1.82%
DER(5)-1.51%
Volume3.03M
Volume Incr-33.66%
Vol(5)2.29M
Vol(50)2.80M