CLEARPOINT NEURO INC (CLPT) Stock Technical Analysis
USA - NASDAQ:CLPT - US18507C1036 - Common Stock
We assign a technical rating of 9 out of 10 to CLPT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLPT is showing a nice and steady performance.
Besides having an excellent technical rating, CLPT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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9.90
When analyzing the support we can see 3 important areas.
- Support @24.29 from a horizontal line in the daily time frame.
- Support @10.24 from a horizontal line in the daily time frame.
- Support @10.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @26.18 from a trend line in the daily time frame.
- A resistance zone ranging from 27.32 to 27.38. 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 CLPT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLPT is up. |
| ChartMill Relative Strength | 96.34 | POSITIVE | CLPT has a high relative strength, it outperformed 96.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLPT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLPT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | NEUTRAL | The RSI value for CLPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests CLPT has a negative trend. |
| Stochastics (14,3) | 19.56 | OVERSOLD | The low Stochastics value suggests CLPT may be oversold. |
| Average True Range in percent/ATR (20) | 9.81 | HIGH VOLATILITY | The high ATR as a percentage value for CLPT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.36 | POSITIVE | The high ADX value value for CLPT suggests a strong trend. |
24.74
-0.53 (-2.1%)
CLEARPOINT NEURO INC / CLPT FAQ
What is the technical rating for CLPT stock?
ChartMill assigns a technical rating of 9 / 10 to CLPT.
What is the trend direction for CLPT stock?
The current trend direction for CLEARPOINT NEURO INC (CLPT) is Bullish.
What is the RSI signal for CLPT stock?
CLEARPOINT NEURO INC (CLPT) has an RSI value of 57.4927. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLEARPOINT NEURO INC?
The short term momentum for CLEARPOINT NEURO INC (CLPT) is positive.
What is the support and resistance level for CLPT stock?
CLEARPOINT NEURO INC (CLPT) has a support level at 24.29 and a resistance level at 26.18. Check the full technical report for our detailed analysis of CLPT support and resistance levels.