CLEAN ENERGY FUELS CORP (CLNE) Technical Analysis
NASDAQ:CLNE • US1844991018
Current stock price
CLNE Technical Rating and Analysis
Overall CLNE gets a technical rating of 9 out of 10. In the last year, CLNE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, CLNE did better than 87% of all other stocks.
- CLNE has an average volume of 1389150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CLNE is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, CLNE did better than 58% of them.
- CLNE is currently trading in the middle 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 slightly.
- In the last month CLNE has a been trading in the 2.04 - 2.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CLNE Weekly and Daily overview Charts
CLNE Setup Rating and Analysis
Although CLNE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CLNE Support and Resistance Analysis
2.09
We found 2 important support areas.
- A support zone ranging from 2.37 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.58 to 2.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.76 to 2.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.84 from a trend line in the weekly time frame.
CLNE Technical Indicator Signal Analysis
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 | 87.45 | POSITIVE | CLNE has a high relative strength, it outperformed 87.45% off all stocks 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) | UP | POSITIVE | The current price of CLNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.54 | NEUTRAL | The RSI value for CLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CLNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.95 | NEUTRAL | The Stochastics value for CLNE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CLNE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for CLNE suggests a weak or negative trend. |
CLNE Chart- and CandleStick Pattern Analysis
CLNE Technicals: Chart, Performance Metrics, Trend & Indicators
2.49
+0.06 (+2.47%)
CLEAN ENERGY FUELS CORP / CLNE TA FAQ
What is the technical rating for CLNE stock?
ChartMill assigns a technical rating of 9 / 10 to CLNE.
What is the trend direction for CLNE stock?
The current trend direction for CLEAN ENERGY FUELS CORP (CLNE) is Bearish.
What is the RSI signal for CLNE stock?
CLEAN ENERGY FUELS CORP (CLNE) has an RSI value of 58.5411. This indicates that the stock is currently neutral.
What are the support and resistance levels for CLEAN ENERGY FUELS CORP (CLNE) stock?
CLEAN ENERGY FUELS CORP (CLNE) has a support level at 2.42 and a resistance level at 2.58. Check the full technical report for our detailed analysis of CLNE support and resistance levels.