CLEARONE INC (CLRO) Stock Technical Analysis
NASDAQ:CLRO • US18506U2033
Taking everything into account, CLRO scores 2 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.
- When comparing the yearly performance of all stocks, CLRO is a bad performer in the overall market: 76% of all stocks are doing better.
- CLRO is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 72% 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 5.26 - 7.16 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 14188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Considerably lower volume is observed in the last couple of days.
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
4.52
3 important support areas can be observed.
- A support zone ranging from 5.25 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.66 from a trend line in the daily time frame.
- Support @4.57 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @6.75 from a trend line in the daily time frame.
- Resistance @6.99 from a horizontal line in the daily time frame.
- Resistance @8.14 from a trend line in the weekly time frame.
- Resistance @10.11 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CLRO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLRO is neutral. |
| ChartMill Relative Strength | 24.52 | NEGATIVE | CLRO has a low relative strength, it was outperformed by 75.48% 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) | 36.81 | NEUTRAL | The RSI value for CLRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CLRO has a negative trend. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests CLRO may be oversold. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for CLRO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.64 | NEUTRAL | The ADX value for CLRO suggests a possible start of a new trend. |
5.26
-1.04 (-16.44%)
CLEARONE INC / CLRO FAQ
What is the ChartMill technical rating of CLEARONE INC (CLRO) stock?
ChartMill assigns a technical rating of 2 / 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 36.8104. 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 neutral.
What are the support and resistance levels for CLEARONE INC (CLRO) stock?
CLEARONE INC (CLRO) has a support level at 5.25 and a resistance level at 6.75. Check the full technical report for our detailed analysis of CLRO support and resistance levels.