CLRO Technical Analysis - CLEARONE INC

Technical Rating and Analysis

Overall CLRO gets a technical rating of 2 out of 10. In the past year, CLRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

91% of all other stocks performed better in the past year than CLRO.

CLRO is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 91% are performing better than CLRO.

CLRO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CLRO has a been trading in the 3.89 - 6.20 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.83

10.66

We found 1 important support area.

Support @3.87 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 5.40 to 5.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @7.45 from a trend line in the weekly time frame.
Resistance @8.78 from a trend line in the daily time frame.
Resistance @10.55 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The short term trend for CLRO is up.
ChartMill Relative Strength	9.15	NEGATIVE	CLRO has a low relative strength, it was outperformed by 90.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CLRO is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CLRO is above 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)	61.29	NEUTRAL	The RSI value for CLRO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.18	POSITIVE	The MACD value suggests CLRO has a positive trend.
Stochastics (14,3)	80.93	OVERBOUGHT	The high Stochastics value suggests CLRO may be overbought.
Average True Range in percent/ATR (20)	8	HIGH VOLATILITY	The high ATR as a percentage value for CLRO suggests high volalility.
Average Directional Index/ADX (14)	20.82	NEUTRAL	The ADX value for CLRO suggests a possible start of a new trend.