CLEARSIDE BIOMEDICAL INC (CLSD) Stock Technical Analysis
NASDAQ:CLSD - Nasdaq - US1850631045 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CLSD. CLSD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than CLSD.
CLSD is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 61% are performing better than CLSD.
CLSD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLSD is lagging the market.
In the last month CLSD has a been trading in the 0.73 - 0.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CLSD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CLSD 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
0.74
1.15
We found 2 important support areas.
- A support zone ranging from 0.79 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.88 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.11 from a trend line in the weekly time frame.
- Resistance @1.14 from a horizontal 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 CLSD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLSD is neutral. |
| ChartMill Relative Strength | 10.98 | NEGATIVE | CLSD has a low relative strength, it was outperformed by 89.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLSD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CLSD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLSD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.97 | NEUTRAL | The RSI value for CLSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CLSD has a positive trend. |
| Stochastics (14,3) | 77.83 | NEUTRAL | The Stochastics value for CLSD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.87 | HIGH VOLATILITY | The high ATR as a percentage value for CLSD suggests high volalility. |
| Average Directional Index/ADX (14) | 12.49 | NEGATIVE | The low ADX value for CLSD 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)
0.8204
-0.02 (-2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.31%
1 Week2.55%
2 Weeks4.31%
1 Month-5.22%
3 Month-13.64%
6 Month-13.64%
12 Month-36.89%
2 Year-26.75%
3 Year-44.19%
5 Year-56.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%5.87%
ATR Inc58.81%
Range Today0.06
ADR(20)0.05
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.98
Mansfield-2.19
10 Day High0.85
10 Day Low0.73
20 Day High0.91
20 Day Low0.73
52 Week High1.65
52 Week Low0.7
CS1 End0.81
CR1 Start0.88
Volume & EV
DER(3)19.03%
DER(5)7.72%
Volume224.80K
Volume Incr-23.38%
Vol(5)311.98K
Vol(50)258.87K