Clarus Corporation Stock Forecast
Clarus Corporation stock downgraded to Strong Sell Candidate
(Updated on May 02, 2024)
The Clarus Corporation stock price fell by -2.99% on the last day (Thursday, 2nd May 2024) from $6.35 to $6.16. During the last trading day the stock fluctuated 5.07% from a day low at $6.11 to a day high of $6.42. The price has risen in 6 of the last 10 days and is up by 0.98% over the past 2 weeks. Volume has increased on the last day by 58 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 206 thousand shares were bought and sold for approximately $1.27 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.75% during the next 3 months and, with a 90% probability hold a price between $6.04 and $7.90 at the end of this 3-month period.
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CLAR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $6.28 and $6.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -12.99%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 $0.310 between high and low, or 5.07%. For the last week, the stock has had daily average volatility of 3.89%.
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 3rd
For the upcoming trading day on Friday, 3rd we expect Clarus Corporation to open at $6.23, and during the day (based on 14 day Average True Range), to move between $5.90 and $6.42, which gives a possible trading interval of +/-$0.261 (+/-4.24%) up or down from last closing price. If Clarus Corporation takes out the full calculated possible swing range there will be an estimated 8.48% 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 (3.90%) than the resistance at $6.48 (5.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Clarus Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Clarus Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.70% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.723 Strong Sell Candidate Downgraded
Predicted Opening Price for Clarus Corporation of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$6.23 ( 1.14%) | $6.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLAR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.54 | 6.17 % | |
R2 | 6.42 | 4.25 % | ||
R1 | 6.35 | 3.06 % | ||
Current price: | 6.16 | |||
Support | S1 | 6.11 | -0.786 % | |
S2 | 6.04 | -1.97 % | ||
S3 | 5.92 | -3.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.75 | 9.58 % | |
R2 | 6.55 | 6.33 % | ||
R1 | 6.48 | 5.19 % | ||
Current price | 6.16 | |||
Support | S1 | 5.92 | -3.90% | |
S2 | 5.80 | -5.84% | ||
S3 | 5.75 | -6.66% |
CLAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 09, 2024 | May 09, 2024 | May 20, 2024 | $0.0250 | 0.406% |
2 | Mar 05, 2024 | Mar 15, 2024 | Mar 28, 2024 | $0.0250 | 0.370% |
3 | Nov 03, 2023 | Nov 13, 2023 | Nov 24, 2023 | $0.0250 | 0.466% |
4 | Aug 03, 2023 | Aug 11, 2023 | Aug 25, 2023 | $0.0250 | 0.336% |
5 | Apr 28, 2023 | May 05, 2023 | May 19, 2023 | $0.0250 | 0.293% |
FAQ
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