ClearSign Combustion Corporation stock price ended on $1.51 on Wednesday after losing 0.66%
(Updated on Dec 08, 2021)

The ClearSign Combustion Corporation stock price fell by -0.66% on the last day (Wednesday, 8th Dec 2021) from $1.52 to $1.51. During the day the stock fluctuated 6.76% from a day low at $1.48 to a day high of $1.58. The price has fallen in 7 of the last 10 days and is down by -18.38% for this period. Volume has increased on the last day by 54 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, 138 thousand shares were bought and sold for approximately $208.46 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.26% during the next 3 months and, with a 90% probability hold a price between $0.96 and $1.51 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 12.69%. 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 ClearSign Combustion 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 $1.51 and $1.70. 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). ClearSign Combustion 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".

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $1.42 and $1.34. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $1.34 may give a huge drop in the stock price.

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 $0.10 between high and low, or 6.76%. For the last week, the stock has had a daily average volatility of 13.53%.

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

Is ClearSign Combustion Corporation stock A Buy?

ClearSign Combustion Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.204

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