ClearSign Combustion Corporation Stock Forecast
High volatility in ClearSign Combustion Corporation stock price on Tuesday which ended trading at $0.87
(Updated on Apr 23, 2024)
The ClearSign Combustion Corporation stock price gained 6.32% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.82 to $0.87. During the last trading day the stock fluctuated 18.02% from a day low at $0.82 to a day high of $0.97. The price has fallen in 6 of the last 10 days and is down by -11.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 127 thousand shares were bought and sold for approximately $110.77 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.28% during the next 3 months and, with a 90% probability hold a price between $0.710 and $1.04 at the end of this 3-month period.
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CLIR Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 6.32%. Further rise is indicated until a new top pivot has been found. ClearSign Combustion Corporation 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ClearSign Combustion 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 $0.99. On a fall, the stock will find some support from the short-term average at $0.87. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ClearSign Combustion Corporation stock
ClearSign Combustion Corporation finds support from accumulated volume at $0.87 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 $0.148 between high and low, or 18.02%. For the last week, the stock has had daily average volatility of 10.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLIR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ClearSign Combustion Corporation to open at $0.89, and during the day (based on 14 day Average True Range), to move between $0.791 and $0.95, which gives a possible trading interval of +/-$0.0807 (+/-9.25%) up or down from last closing price. If ClearSign Combustion Corporation takes out the full calculated possible swing range there will be an estimated 18.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.87 (0.21%) than the resistance at $0.95 (8.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ClearSign Combustion Corporation stock A Buy?
ClearSign Combustion 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.009 Sell Candidate Upgraded
Predicted Opening Price for ClearSign Combustion Corporation of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.89 ( 1.69%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLIR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 18.64 % | |
| R2 | 0.98 | 12.17 % | ||
| R1 | 0.94 | 8.17 % | ||
| Current price: | 0.87 | |||
| Support | S1 | 0.83 | -4.79 % | |
| S2 | 0.795 | -8.79 % | ||
| S3 | 0.739 | -15.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.01 | 15.85 % | |
| R2 | 0.97 | 11.26 % | ||
| R1 | 0.95 | 8.41 % | ||
| Current price | 0.87 | |||
| Support | S1 | 0.87 | -0.206% | |
| S2 | 0.86 | -1.35% | ||
| S3 | 0.82 | -5.94% |
FAQ
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