Clarus Corporation Stock Forecast

Green day on Wednesday for Clarus Corporation stock after gaining 0.316%
(Updated on May 01, 2024)

CLAR Signals & Forecast

There are mixed signals in the stock today. The Clarus Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.49. On a fall, the stock will find some support from the short-term average at $6.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -10.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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

On the downside, the stock finds support just below today's level from accumulated volume at $5.92 and $5.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clarus Corporation finds support just below today's level at $5.92. If this is broken, then the next support from accumulated volume will be at $5.80 and $5.75.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.185 between high and low, or 2.92%. For the last week the stock has had daily average volatility of 3.37%.

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 Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Clarus Corporation to open at $6.40, and during the day (based on 14 day Average True Range), to move between $6.09 and $6.61, which gives a possible trading interval of +/-$0.257 (+/-4.05%) up or down from last closing price. If Clarus Corporation takes out the full calculated possible swing range there will be an estimated 8.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.48 (2.05%) than the support at $5.92 (6.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Clarus Corporation stock A Buy?

Clarus Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.900 Sell Candidate Unchanged

Predicted Opening Price for Clarus Corporation of Thursday, May 2, 2024

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