CLEARPOINT NEURO INC (CLPT) Technical Analysis
NASDAQ:CLPT • US18507C1036
Taking everything into account, CLPT scores 0 out of 10 in our technical rating. CLPT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CLPT is a bad performer in the overall market: 91% of all stocks are doing better.
- CLPT is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 67% are performing better than CLPT.
- CLPT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CLPT is lagging the market.
- In the last month CLPT has a been trading in the 8.83 - 15.26 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of CLPT 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
8.75
We can see 2 important resistance areas.
- A resistance zone ranging from 13.28 to 13.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.55 from a trend line 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 | DOWN | NEGATIVE | The long term trend for CLPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLPT is down. |
| ChartMill Relative Strength | 9.8 | NEGATIVE | CLPT has a low relative strength, it was outperformed by 90.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLPT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.01 | OVERSOLD | The low RSI value suggests CLPT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests CLPT has a negative trend. |
| Stochastics (14,3) | 4.66 | OVERSOLD | The low Stochastics value suggests CLPT may be oversold. |
| Average True Range in percent/ATR (20) | 13.31 | HIGH VOLATILITY | The high ATR as a percentage value for CLPT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.93 | NEGATIVE | The low ADX value for CLPT suggests a weak or negative trend. |
CLPT Technicals: Chart, Performance Metrics, Trend & Indicators
8.835
-0.96 (-9.85%)
CLEARPOINT NEURO INC / CLPT FAQ
What is the technical rating for CLPT stock?
ChartMill assigns a technical rating of 0 / 10 to CLPT.
What is the current trend direction of CLEARPOINT NEURO INC (CLPT) stock?
The current trend direction for CLEARPOINT NEURO INC (CLPT) is Bearish.
What is the RSI signal for CLPT stock?
CLEARPOINT NEURO INC (CLPT) has an RSI value of 27.0072. This indicates that the stock is currently oversold.
What is the short term momentum for CLEARPOINT NEURO INC (CLPT) stock?
The short term momentum for CLEARPOINT NEURO INC (CLPT) is negative.
What is the support and resistance level for CLPT stock?
CLEARPOINT NEURO INC (CLPT) has a resistance level at 13.28. Check the full technical report for our detailed analysis of CLPT support and resistance levels.