CLEAN ENERGY FUELS CORP (CLNE) Stock Technical Analysis
NASDAQ:CLNE • US1844991018
We assign a technical rating of 3 out of 10 to CLNE. CLNE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- CLNE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 61% of 206 stocks in the same industry do better.
- In the last month CLNE has a been trading in the 2.14 - 2.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CLNE has an average volume of 1189390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, CLNE outperforms 58% 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.
The technical rating of CLNE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.07
We found 2 important support areas.
- Support @2.21 from a trend line in the daily time frame.
- A support zone ranging from 2.09 to 2.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.26 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.69 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.89 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 | DOWN | NEGATIVE | The short term trend for CLNE is down. |
| ChartMill Relative Strength | 58.84 | NEUTRAL | CLNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLNE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLNE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.3 | NEUTRAL | The RSI value for CLNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CLNE has a negative trend. |
| Stochastics (14,3) | 8.76 | OVERSOLD | The low Stochastics value suggests CLNE may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for CLNE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.74 | NEUTRAL | The ADX value for CLNE suggests a possible start of a new trend. |
2.26
-0.09 (-3.83%)
CLEAN ENERGY FUELS CORP / CLNE FAQ
What is the technical rating for CLNE stock?
ChartMill assigns a technical rating of 3 / 10 to CLNE.
What is the current trend direction of CLEAN ENERGY FUELS CORP (CLNE) stock?
The current trend direction for CLEAN ENERGY FUELS CORP (CLNE) is Bearish.
Can you provide the RSI signal for CLEAN ENERGY FUELS CORP?
CLEAN ENERGY FUELS CORP (CLNE) has an RSI value of 39.3043. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CLEAN ENERGY FUELS CORP?
The MACD indicator for CLEAN ENERGY FUELS CORP (CLNE) has a value of -0.044395, indicating a bearish trend.
Can you provide the support and resistance levels for CLEAN ENERGY FUELS CORP?
CLEAN ENERGY FUELS CORP (CLNE) has a support level at 2.21 and a resistance level at 2.26. Check the full technical report for our detailed analysis of CLNE support and resistance levels.