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'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.
- 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: 97% of all stocks are doing better.
- CLRO is part of the Communications Equipment industry. There are 46 other stocks in this industry, of which 93% are performing better than CLRO.
- 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 2.71 - 4.58 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: CLRO has an average volume of 7352 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
3.11
4 important resistance areas can be observed.
- A resistance zone ranging from 3.21 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.56 to 4.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.52 from a trend line in the daily time frame.
- Resistance @5.69 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 | 3.32 | NEGATIVE | CLRO has a low relative strength, it was outperformed by 96.68% 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) | 36.48 | NEUTRAL | The RSI value for CLRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CLRO has a positive trend. |
| Stochastics (14,3) | 38.7 | NEUTRAL | The Stochastics value for CLRO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for CLRO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.2 | 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
3.14
-0.11 (-3.38%)
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.
What is the RSI signal for CLRO stock?
CLEARONE INC (CLRO) has an RSI value of 36.4791. This indicates that the stock is currently neutral.
What is the MACD signal for CLEARONE INC (CLRO) stock?
The MACD indicator for CLEARONE INC (CLRO) has a value of 0.0544598, indicating a bearish trend.
What is the buy/sell signal for CLEARONE INC (CLRO) stock?
The buy/sell signal for CLEARONE INC (CLRO) is sell as both the short term and long term trends are negative.