ClearOne Stock Forecast
Green day on Thursday for ClearOne stock after gaining 2.56%
(Updated on Apr 18, 2024)
The ClearOne stock price gained 2.56% on the last trading day (Thursday, 18th Apr 2024), rising from $0.94 to $0.97. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.98% from a day low at $0.90 to a day high of $0.99. The price has risen in 6 of the last 10 days but is still down by -35.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $79.83 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.93 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 37.04% during the next 3 months and, with a 90% probability hold a price between $1.27 and $3.18 at the end of this 3-month period.
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CLRO Signals & Forecast
ClearOne has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ClearOne stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.05 and $1.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -53.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ClearOne stock
ClearOne finds support from accumulated volume at $0.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0898 between high and low, or 9.98%. For the last week, the stock has had daily average volatility of 8.63%.
ClearOne is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLRO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ClearOne to open at $0.95, and during the day (based on 14 day Average True Range), to move between $0.81 and $1.13, which gives a possible trading interval of +/-$0.157 (+/-16.23%) up or down from last closing price. If ClearOne takes out the full calculated possible swing range there will be an estimated 32.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.96 (0.41%) than the resistance at $1.00 (3.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ClearOne stock A Buy?
The ClearOne stock holds several negative signals and despite the positive trend, we believe ClearOne will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -5.203 Strong Sell Candidate Unchanged
Predicted Opening Price for ClearOne of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.95 ( 1.58%) | $0.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 7.70 % | |
| R2 | 1.01 | 4.16 % | ||
| R1 | 0.99 | 1.97 % | ||
| Current price: | 0.97 | |||
| Support | S1 | 0.92 | -5.12 % | |
| S2 | 0.90 | -7.31 % | ||
| S3 | 0.86 | -10.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.05 | 8.48 % | |
| R2 | 1.01 | 4.35 % | ||
| R1 | 1.00 | 3.11 % | ||
| Current price | 0.97 | |||
| Support | S1 | 0.96 | -0.413% | |
| S2 | 0.93 | -4.38% | ||
| S3 | 0.90 | -7.48% |
CLRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 11, 2024 | $0 | 0% |
| 2 | May 08, 2023 | Jun 01, 2023 | Jun 01, 2023 | $1.00 | 89.29% |
| 3 | Feb 21, 2018 | Mar 06, 2018 | Mar 21, 2018 | $0.0700 | 0.88% |
| 4 | Nov 08, 2017 | Nov 21, 2017 | Dec 06, 2017 | $0.0700 | 0.787% |
| 5 | Aug 07, 2017 | Aug 18, 2017 | Sep 07, 2017 | $0.0700 | 0.93% |
FAQ
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