CLEARONE INC (CLRO) Technical Analysis
NASDAQ:CLRO • US18506U2033
Current stock price
CLRO Technical Rating and Analysis
Taking everything into account, CLRO scores 0 out of 10 in our technical rating. CLRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CLRO is a bad performer in the overall market: 93% of all stocks are doing better.
- CLRO is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 89% are performing better than CLRO.
- CLRO 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 CLRO is lagging the market.
- In the last month CLRO has a been trading in the 3.68 - 5.36 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.
- Warning: CLRO has an average volume of 9851 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CLRO Weekly and Daily overview Charts
CLRO Setup Rating and Analysis
The technical rating of CLRO is bad and it also does not present a quality setup 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
CLRO Support and Resistance Analysis
3.76
3 important resistance areas can be observed.
- A resistance zone ranging from 5.50 to 5.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.98 from a trend line in the daily time frame.
- Resistance @6.19 from a trend line in the weekly time frame.
CLRO Technical Indicator Signal Analysis
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 CLRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLRO is down. |
| ChartMill Relative Strength | 7.42 | NEGATIVE | CLRO has a low relative strength, it was outperformed by 92.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLRO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.25 | NEUTRAL | The RSI value for CLRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLRO has a negative trend. |
| Stochastics (14,3) | 4.89 | OVERSOLD | The low Stochastics value suggests CLRO may be oversold. |
| Average True Range in percent/ATR (20) | 10.36 | HIGH VOLATILITY | The high ATR as a percentage value for CLRO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.77 | NEGATIVE | The low ADX value for CLRO suggests a weak or negative trend. |
CLRO Chart- and CandleStick Pattern Analysis
CLRO Technicals: Chart, Performance Metrics, Trend & Indicators
3.8
-0.1 (-2.56%)
CLEARONE INC / CLRO TA FAQ
What is the ChartMill technical rating of CLEARONE INC (CLRO) stock?
ChartMill assigns a technical rating of 0 / 10 to CLRO.
What is the current trend direction of CLEARONE INC (CLRO) stock?
The current trend direction for CLEARONE INC (CLRO) is Bearish.
Can you provide the RSI signal for CLEARONE INC?
CLEARONE INC (CLRO) has an RSI value of 31.248. This indicates that the stock is currently neutral.
What is the short term momentum for CLRO stock?
The short term momentum for CLEARONE INC (CLRO) is negative.
What are the support and resistance levels for CLEARONE INC (CLRO) stock?
CLEARONE INC (CLRO) has a resistance level at 5.5. Check the full technical report for our detailed analysis of CLRO support and resistance levels.