CLEANSPARK INC (CLSK) Technical Analysis
NASDAQ:CLSK • US18452B2097
Current stock price
CLSK Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to CLSK. CLSK has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- CLSK is part of the Software industry. There are 272 other stocks in this industry. CLSK outperforms 85% of them.
- In the last month CLSK has a been trading in the 8.00 - 12.63 range, which is quite wide. It is currently trading near the high of this range.
- CLSK has an average volume of 20139500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CLSK turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CLSK Weekly and Daily overview Charts
CLSK Setup Rating and Analysis
CLSK has an average technical rating and it also does not offer a high 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
CLSK Support and Resistance Analysis
8.19
We found 3 important support areas.
- Support @8.77 from a trend line in the weekly time frame.
- Support @8.63 from a horizontal line in the weekly time frame.
- Support @8.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.24 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
CLSK Technical Indicator Signal Analysis
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 | 62.85 | NEUTRAL | CLSK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLSK is above 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) | UP | POSITIVE | The current price of CLSK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.09 | NEUTRAL | The RSI value for CLSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CLSK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.82 | OVERBOUGHT | The high Stochastics value suggests CLSK may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for CLSK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for CLSK suggests a possible start of a new trend. |
CLSK Chart- and CandleStick Pattern Analysis
CLSK Technicals: Chart, Performance Metrics, Trend & Indicators
12.23
+0.02 (+0.16%)
CLEANSPARK INC / CLSK TA FAQ
What is the ChartMill technical rating of CLEANSPARK INC (CLSK) stock?
ChartMill assigns a technical rating of 6 / 10 to CLSK.
What is the current trend direction of CLEANSPARK INC (CLSK) stock?
The current trend direction for CLEANSPARK INC (CLSK) is Bearish.
What is the RSI signal for CLEANSPARK INC (CLSK) stock?
CLEANSPARK INC (CLSK) has an RSI value of 67.0861. This indicates that the stock is currently neutral.
What is the short term momentum for CLEANSPARK INC (CLSK) stock?
The short term momentum for CLEANSPARK INC (CLSK) is positive.
Can you provide the support and resistance levels for CLEANSPARK INC?
CLEANSPARK INC (CLSK) has a support level at 8.77 and a resistance level at 12.24. Check the full technical report for our detailed analysis of CLSK support and resistance levels.