CLEANSPARK INC (CLSK) Stock Technical Analysis
NASDAQ:CLSK - Nasdaq - US18452B2097 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CLSK. In the past year, CLSK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CLSK is a bad performer in the overall market: 78% of all stocks are doing better.
CLSK is one of the lesser performing stocks in the Software industry. 65% of 282 stocks in the same industry do better.
CLSK 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 CLSK is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CLSK has an average volume of 27264500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CLSK has a been trading in the 7.82 - 11.04 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 only medium, CLSK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.10, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.17
10.22
We found 3 important support areas.
- A support zone ranging from 8.93 to 9.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.62 from a trend line in the weekly time frame.
- Support @7.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.66 to 9.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.12 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 | NEUTRAL | NEUTRAL | The long term trend for CLSK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLSK is up. |
| ChartMill Relative Strength | 22.1 | NEGATIVE | CLSK has a low relative strength, it was outperformed by 77.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CLSK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLSK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLSK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.18 | NEUTRAL | The RSI value for CLSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CLSK has a negative trend. |
| Stochastics (14,3) | 46.9 | NEUTRAL | The Stochastics value for CLSK is a neutral value. |
| Average True Range in percent/ATR (20) | 8.36 | HIGH VOLATILITY | The high ATR as a percentage value for CLSK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for CLSK suggests a possible start of a new 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)
9.11
-0.75 (-7.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.61%
1 Week-6.08%
2 Weeks-8.9%
1 Month7.94%
3 Month14.02%
6 Month-36.52%
12 Month-43.31%
2 Year112.35%
3 Year54.67%
5 Year353.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%8.36%
ATR Inc-4.36%
Range Today0.66
ADR(20)0.67
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.1
Mansfield-2.26
10 Day High11.04
10 Day Low8.97
20 Day High11.04
20 Day Low7.82
52 Week High20.64
52 Week Low6.45
CS1 End9.1
CR1 Start9.66
Volume & EV
DER(3)-2.63%
DER(5)-1.02%
Volume24.01M
Volume Incr42.93%
Vol(5)36.09M
Vol(50)27.26M