CLEARONE INC (CLRO) Stock Technical Analysis
NASDAQ:CLRO - US18506U1043 - Common Stock
4 USD
+0.05 (+1.27%)
3.9 USD
-0.1 (-2.5%)
Taking everything into account, CLRO scores 0 out of 10 in our technical rating. CLRO'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.
96% of all other stocks performed better in the past year than CLRO.
CLRO is one of the lesser performing stocks in the Communications Equipment industry. 93% of 48 stocks in the same industry do better.
CLRO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CLRO has a been trading in the 3.83 - 5.02 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
CLRO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CLRO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.82
4.38
When analyzing the support we notice one important area.
- Support @3.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.33 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 CLRO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLRO is down. |
| ChartMill Relative Strength | 4.94 | NEGATIVE | CLRO has a low relative strength, it was outperformed by 95.06% 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) | 34.88 | NEUTRAL | The RSI value for CLRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CLRO has a positive trend. |
| Stochastics (14,3) | 19.21 | OVERSOLD | The low Stochastics value suggests CLRO may be oversold. |
| Average True Range in percent/ATR (20) | 7.97 | HIGH VOLATILITY | The high ATR as a percentage value for CLRO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for CLRO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4
+0.05 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.27%
1 Week-7.19%
2 Weeks-8.47%
1 Month-20.32%
3 Month-20.14%
6 Month-48.42%
12 Month-54.24%
2 Year-69.78%
3 Year-58.97%
5 Year-89.86%
10 Year-97.68%
15 Year-91.56%
Volatility
ATR(14)0.3
ATR(20)%7.97%
ATR Inc-39.58%
Range Today0.22
ADR(20)0.31
ADR(20)%7.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.94
Mansfield-5.49
10 Day High4.53
10 Day Low3.83
20 Day High5.02
20 Day Low3.83
52 Week High21
52 Week Low3.83
CS1 End3.86
CR1 Start4.33
Volume & EV
DER(3)8.91%
DER(5)7.68%
Volume5.80K
Volume Incr-51.29%
Vol(5)10.36K
Vol(50)853.52K