CLENE INC (CLNN) Stock Technical Analysis
USA - NASDAQ:CLNN - US1856342019 - Common Stock
Taking everything into account, CLNN scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLNN is showing a nice and steady performance.
Although CLNN 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
8.23
We found 2 important support areas.
- A support zone ranging from 9.24 to 9.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.31 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CLNN is neutral. |
| ChartMill Relative Strength | 97.45 | POSITIVE | CLNN has a high relative strength, it outperformed 97.45% 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) | UP | POSITIVE | The current price of CLNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.97 | NEUTRAL | The RSI value for CLNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CLNN has a negative trend. |
| Stochastics (14,3) | 39.01 | NEUTRAL | The Stochastics value for CLNN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.25 | HIGH VOLATILITY | The high ATR as a percentage value for CLNN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.2 | POSITIVE | The high ADX value value for CLNN suggests a strong trend. |
9.785
+0.54 (+5.78%)
CLENE INC / CLNN FAQ
What is the technical rating for CLNN stock?
ChartMill assigns a technical rating of 8 / 10 to CLNN.
What is the trend direction for CLNN stock?
The current trend direction for CLENE INC (CLNN) is Bullish.
What is the RSI signal for CLNN stock?
CLENE INC (CLNN) has an RSI value of 53.9673. This indicates that the stock is currently neutral.
What is the short term momentum for CLNN stock?
The short term momentum for CLENE INC (CLNN) is neutral.
Can you provide the support and resistance levels for CLENE INC?
CLENE INC (CLNN) has a support level at 9.3. Check the full technical report for our detailed analysis of CLNN support and resistance levels.