CLEAN ENERGY FUELS CORP (CLNE) Stock Technical Analysis
NASDAQ:CLNE - Nasdaq - US1844991018 - Common Stock - Currency: USD
Overall CLNE gets a technical rating of 6 out of 10. CLNE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
CLNE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 208 stocks in the same industry.
In the last month CLNE has a been trading in the 1.94 - 2.55 range, which is quite wide. It is currently trading near the high of this range.
CLNE has an average volume of 2411870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, CLNE outperforms 65% of them, which is more or less in line with the market.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CLNE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.94
3.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.00 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @3.17 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 | NEUTRAL | NEUTRAL | The short term trend for CLNE is neutral. |
| ChartMill Relative Strength | 65.74 | 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 | MIXED | The current price of CLNE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for CLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CLNE has a positive trend. |
| Stochastics (14,3) | 40.96 | NEUTRAL | The Stochastics value for CLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for CLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for CLNE 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)
2.29
+0.25 (+12.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg12.25%
1 Week16.24%
2 Weeks9.05%
1 Month4.57%
3 Month43.13%
6 Month-32.84%
12 Month-21.03%
2 Year-46.24%
3 Year-65.92%
5 Year-13.26%
10 Year-56.95%
15 Year-84.15%
Volatility
ATR(14)0.12
ATR(20)%5.01%
ATR Inc246.42%
Range Today0.45
ADR(20)0.11
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.74
Mansfield-1.36
10 Day High2.55
10 Day Low1.94
20 Day High2.55
20 Day Low1.94
52 Week High3.67
52 Week Low1.3
CS1 End2.02
CR1 Start3.17
Volume & EV
DER(3)-0.31%
DER(5)4.8%
Volume7.20M
Volume Incr38.01%
Vol(5)2.44M
Vol(50)2.41M