CLENE INC (CLNN) Stock Technical Analysis
NASDAQ:CLNN - Nasdaq - US1856342019 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CLNN. In the last year, CLNN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, CLNN is a bad performer in the overall market: 87% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CLNN has a been trading in the 2.28 - 4.95 range, which is quite wide. It is currently trading near the high of this range.
CLNN is part of the Biotechnology industry. There are 557 other stocks in this industry, CLNN did better than 51% of them.
CLNN 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 CLNN is lagging the market slightly.
CLNN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.03
4.99
We found 1 important support area.
- A support zone ranging from 4.07 to 4.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @4.29 from a horizontal line in the weekly time frame.
- Resistance @4.77 from a trend line in the daily time frame.
- A resistance zone ranging from 4.91 to 4.94. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for CLNN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLNN is up. |
| ChartMill Relative Strength | 13.91 | NEGATIVE | CLNN has a low relative strength, it was outperformed by 86.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLNN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.99 | NEUTRAL | The RSI value for CLNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CLNN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.88 | NEUTRAL | The Stochastics value for CLNN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for CLNN suggests high volalility. |
| Average Directional Index/ADX (14) | 44.54 | POSITIVE | The high ADX value value for CLNN 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)
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 |
|---|---|---|---|
| 4.30 | 4.06 | 0.24 (5.58%) | 17.92% |
| An entry @4.30. This is a Buy Stop order right above the resistance zone. | An exit @4.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 5.58%. | When investing 17.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CLNN. 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.
4.28
-0.09 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.06%
1 Week4.9%
2 Weeks-1.15%
1 Month71.2%
3 Month3.38%
6 Month-2.73%
12 Month-46%
2 Year-75.68%
3 Year-91.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%9.48%
ATR Inc-54.87%
Range Today0.19
ADR(20)0.4
ADR(20)%9.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.91
Mansfield-0.99
10 Day High4.62
10 Day Low3.97
20 Day High4.95
20 Day Low2.28
52 Week High8
52 Week Low2.28
CS1 End4.09
CR1 Start4.29
Volume & EV
DER(3)-4.92%
DER(5)-0.1%
Volume64.30K
Volume Incr-32.71%
Vol(5)98.36K
Vol(50)101.76K