CLEANSPARK INC (CLSK) Stock Technical Analysis
NASDAQ:CLSK - US18452B2097 - Common Stock
9.47 USD
-0.08 (-0.84%)
9.4401 USD
-0.03 (-0.32%)
Taking everything into account, CLSK scores 1 out of 10 in our technical rating. CLSK'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.
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, CLSK is a bad performer in the overall market: 71% of all stocks are doing better.
CLSK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CLSK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CLSK has an average volume of 23649600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CLSK is part of the Software industry. There are 282 other stocks in this industry, CLSK did better than 48% of them.
CLSK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.46, a Stop Loss order could be placed below this zone.
More info and screens
7.23
12.70
3 important support areas can be observed.
- A support zone ranging from 9.32 to 9.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.25 from a trend line in the weekly time frame.
- Support @7.30 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.50 to 9.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.83 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.04 from a trend line in the weekly time frame.
- Resistance @12.57 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 CLSK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLSK is down. |
| ChartMill Relative Strength | 29.81 | NEGATIVE | CLSK has a low relative strength, it was outperformed by 70.19% 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 | MIXED | The current price of CLSK is below 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) | 38.83 | NEUTRAL | The RSI value for CLSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CLSK has a positive trend. |
| Stochastics (14,3) | 35.47 | NEUTRAL | The Stochastics value for CLSK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for CLSK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.27 | 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)
9.47
-0.08 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.84%
1 Week-3.56%
2 Weeks-2.87%
1 Month-9.29%
3 Month9.73%
6 Month18.52%
12 Month-11.41%
2 Year92.09%
3 Year121.26%
5 Year-6.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%6.1%
ATR Inc-29.73%
Range Today0.38
ADR(20)0.56
ADR(20)%5.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.81
Mansfield-1.58
10 Day High10.05
10 Day Low8.97
20 Day High11.44
20 Day Low8.97
52 Week High17.97
52 Week Low6.45
CS1 End9.46
CR1 Start9.5
Volume & EV
DER(3)1.09%
DER(5)2.07%
Volume17.10M
Volume Incr-18.16%
Vol(5)15.92M
Vol(50)23.65M