CLEARONE INC (CLRO) Stock Technical Analysis
NASDAQ:CLRO - Nasdaq - US18506U1043 - Common Stock - Currency: USD
Overall CLRO gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CLRO is a bad performer in the overall market: 94% of all stocks are doing better.
CLRO is part of the Communications Equipment industry. There are 49 other stocks in this industry, of which 95% are performing better than CLRO.
CLRO is currently trading near the lower end of its 52 week range, which is not a good sign. 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 0.29 - 0.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher 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
0.42
0.53
When analyzing the resistance we notice one important area.
- Resistance @0.52 from a trend line 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 | 6.18 | NEGATIVE | CLRO has a low relative strength, it was outperformed by 93.82% 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) | 44.17 | NEUTRAL | The RSI value for CLRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CLRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.6 | NEUTRAL | The Stochastics value for CLRO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.09 | HIGH VOLATILITY | The high ATR as a percentage value for CLRO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.71 | POSITIVE | The high ADX value value for CLRO suggests a strong 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)
0.4201
+0.03 (+9.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg9.09%
1 Week15.48%
2 Weeks-17.71%
1 Month-27.38%
3 Month-43.28%
6 Month-29.96%
12 Month-40.08%
2 Year-49.26%
3 Year-22.22%
5 Year-78.99%
10 Year-96.74%
15 Year-86%
Volatility
ATR(14)0.05
ATR(20)%12.09%
ATR Inc7.55%
Range Today0.07
ADR(20)0.05
ADR(20)%11.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.18
Mansfield-3.23
10 Day High0.51
10 Day Low0.29
20 Day High0.58
20 Day Low0.29
52 Week High1.4
52 Week Low0.29
CS1 EndN/A
CR1 Start0.52
Volume & EV
DER(3)4.74%
DER(5)-0.08%
Volume81.51K
Volume Incr305.21%
Vol(5)598.21K
Vol(50)140.47K