Clarus Corporation Stock Forecast

Red day on Thursday for Clarus Corporation
(Updated on Apr 25, 2024)

CLAR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Clarus Corporation 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 $6.13 and $6.48. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Clarus Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Clarus Corporation stock

Clarus Corporation finds support from accumulated volume at $5.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 3.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CLAR) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Clarus Corporation to open at $6.11, and during the day (based on 14 day Average True Range), to move between $5.80 and $6.34, which gives a possible trading interval of +/-$0.265 (+/-4.37%) up or down from last closing price. If Clarus Corporation takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.92 (2.47%) than the resistance at $6.48 (6.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Clarus Corporation stock A Buy?

The Clarus Corporation stock holds several negative signals and despite the positive trend, we believe Clarus Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.798 Sell Candidate Unchanged

Predicted Opening Price for Clarus Corporation of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.