CLEANSPARK INC (CLSK) Stock Technical Analysis
NASDAQ:CLSK - Nasdaq - US18452B2097 - Common Stock - Currency: USD
Taking everything into account, CLSK scores 3 out of 10 in our technical rating. CLSK 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, CLSK is a bad performer in the overall market: 80% of all stocks are doing better.
CLSK is one of the lesser performing stocks in the Software industry. 62% of 284 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.
In the last month CLSK has a been trading in the 8.40 - 11.04 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.
CLSK has an average volume of 26230400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CLSK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.11, 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
7.69
10.24
3 important support areas can be observed.
- A support zone ranging from 9.02 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.60 to 8.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.77 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.80 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.00 to 10.14. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CLSK is neutral. |
| ChartMill Relative Strength | 20.31 | NEGATIVE | CLSK has a low relative strength, it was outperformed by 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLSK is below a declining 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) | 48.67 | NEUTRAL | The RSI value for CLSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CLSK has a negative trend. |
| Stochastics (14,3) | 42.74 | NEUTRAL | The Stochastics value for CLSK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for CLSK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for CLSK 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)
9.18
+0.28 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.15%
1 Week-7.92%
2 Weeks-3.67%
1 Month-5.36%
3 Month23.39%
6 Month-17.59%
12 Month-46.91%
2 Year113.99%
3 Year134.18%
5 Year254.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%7.4%
ATR Inc27.19%
Range Today0.56
ADR(20)0.64
ADR(20)%6.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.31
Mansfield-1.96
10 Day High10.35
10 Day Low8.71
20 Day High11.04
20 Day Low8.4
52 Week High20.49
52 Week Low6.45
CS1 End9.11
CR1 Start9.8
Volume & EV
DER(3)-1.33%
DER(5)-0.78%
Volume26.85M
Volume Incr-1.61%
Vol(5)26.66M
Vol(50)26.23M