CLEANSPARK INC (CLSK) Stock Technical Analysis
NASDAQ:CLSK - Nasdaq - US18452B2097 - Common Stock - Currency: USD
Overall CLSK gets a technical rating of 3 out of 10. CLSK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CLSK is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month CLSK has a been trading in the 9.82 - 13.66 range, which is quite wide. It is currently trading near the lows of this range.
CLSK has an average volume of 25779900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CLSK is part of the Software industry. There are 282 other stocks in this industry, CLSK did better than 49% of them.
CLSK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLSK is lagging the market.
The technical rating of CLSK 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
7.22
12.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.05 to 10.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.72 from a trend line in the daily time frame.
- Support @8.11 from a trend line in the weekly time frame.
- Support @7.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.87 to 11.02. 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 12.41 to 12.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 30.46 | NEUTRAL | CLSK is not amongst the best or worst performers 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) | 37.27 | NEUTRAL | The RSI value for CLSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CLSK has a negative trend. |
| Stochastics (14,3) | 15.61 | OVERSOLD | The low Stochastics value suggests CLSK may be oversold. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for CLSK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.82 | 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)
10.07
-0.65 (-6.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.06%
1 Week-3.54%
2 Weeks-14.81%
1 Month-20.4%
3 Month9.46%
6 Month-11.12%
12 Month-12.13%
2 Year104.26%
3 Year135.28%
5 Year-0.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%8.1%
ATR Inc74%
Range Today1.53
ADR(20)0.77
ADR(20)%7.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.46
Mansfield-1.12
10 Day High12.41
10 Day Low9.82
20 Day High13.66
20 Day Low9.82
52 Week High17.97
52 Week Low6.45
CS1 End10.06
CR1 Start10.87
Volume & EV
DER(3)0.2%
DER(5)1.16%
Volume33.96M
Volume Incr-12.1%
Vol(5)21.35M
Vol(50)25.78M