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Which way will CLNE go? Request
Stop-loss: $10.49 (-5.68%)
Key Stats
P/E Ratio -114.17
Beta 1.57
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ]
RSI14 is 66 and the stock is currently not being overbought or oversold

Clean Energy Fuels Corp. stock upgraded to Hold/Accumulate. (Updated on June 17, 2021)


Hold candidate since 2021-06-17

The Clean Energy Fuels Corp. stock price gained 3.93% on the last trading day (Thursday, 17th Jun 2021), rising from $10.70 to $11.12. During the day the stock fluctuated 9.28% from a day low at $10.45 to a day high of $11.42. The price has been going up and down for this period, and there has been a 21.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately $320.20 million.

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 -29.72% during the next 3 months and, with a 90% probability hold a price between $4.42 and $8.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Clean Energy Fuels Corp. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $11.27. On a fall, the stock will find some support from the long-term average at approximately $9.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 09, 2021, and so far it has fallen -14.59%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Clean Energy Fuels Corp. finds support from accumulated volume at $11.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.97 between high and low, or 9.28%. For the last week, the stock has had a daily average volatility of 10.03%.

Our recommended stop-loss: $10.49 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 day(s) ago.)

Is Clean Energy Fuels Corp. stock A Buy?

Clean Energy Fuels Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.751

Predicted Opening Price for Clean Energy Fuels Corp. of Friday, June 18, 2021

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

Fair opening price June 18, 2021 Current price
$11.00 $11.12 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

Needham & Company LLC is very positive about CLNE and gave it a "Buy" rating on May 17, 2021. The price target was set to $12.00.

Volatility
10.03 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.17
Price: $11.12
Support: $11.11

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 11.97 7.61 %
11.60 4.28 %
11.37 2.22 %
Current price: 11.12
Support 10.63 -4.44 %
10.40 -6.50 %
10.03 -9.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 13.02 17.09 %
11.84 6.47 %
11.17 0.45 %
Current price 11.12
Support 11.11 -0.0899%
10.99 -1.17%
9.90 -10.97%

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About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) for light, medium, and heavy-duty vehicles. It also designs, builds, operates, services, repairs, and maintains fueling stations. In addition, the company manufactures, sells, and services non-lubricated natural gas f... Read more

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