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Clean Energy Fuels Corp. Stock Forecast NASDAQ:CLNE

$6.77 (2.73%)

Volume: 3M

Closed: Dec 07, 2021

Hollow Logo Score: -5.356

Clean Energy Fuels Corp. Stock Forecast

$6.77 (2.73%)

Volume: 3M

Closed: Dec 07, 2021

Score Hollow Logo -5.356
Which way will CLNE go? Request
Key Stats
P/E Ratio -15.75
Beta 2.12
* 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 ] The Clean Energy Fuels Corp. stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Clean Energy Fuels Corp. stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-10 Loss -22.36%

The Clean Energy Fuels Corp. stock price gained 2.73% on the last trading day (Tuesday, 7th Dec 2021), rising from $6.59 to $6.77. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.73% from a day low at $6.71 to a day high of $6.96. The price has been going up and down for this period, and there has been a -10.8% loss for the last 2 weeks. Volume fell on the last day by -833 thousand shares and in total, 3 million shares were bought and sold for approximately $20.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $6.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.20% during the next 3 months and, with a 90% probability hold a price between $5.87 and $8.59 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 6.61%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Clean Energy Fuels Corp. 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 $6.78 and $8.25. 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).

Support, Risk & Stop-loss

Clean Energy Fuels Corp. finds support from accumulated volume at $6.66 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.25 between high and low, or 3.73%. For the last week, the stock has had a daily average volatility of 7.17%.

Clean Energy Fuels Corp. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is Clean Energy Fuels Corp. stock A Buy?

Clean Energy Fuels Corp. 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. 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: -5.356

Predicted Opening Price for Clean Energy Fuels Corp. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$6.81 $6.77 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Aug 18, 2021 "Credit Suisse Group" gave "$20.00 - $16.00" rating for CLNE. The price target was changed from $6.95 to 2.9%.

Volatility and Risk
Daily Average Volatility: 7.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.08
Price: $6.77
Support: $6.66

CLNE Insider Trading Show all Trades

INSIDER POWER

0.341

Last 100 transactions
Buy: 3 131 656 | Sell: 9 177 350 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 29 094 Pratt Mitchell W Stock Option (Right to Buy)
Dec 03, 2021 Buy 29 094 Pratt Mitchell W Common Stock
Sep 20, 2021 Sell 30 000 Pratt Mitchell W Stock Option (Right to Buy)
Sep 20, 2021 Sell 17 442 Pratt Mitchell W Stock Option (Right to Buy)
Sep 20, 2021 Sell 12 852 Pratt Mitchell W Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

0.341

Last 100 transactions
Buy: 3 131 656 | Sell: 9 177 350 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.06 4.33 %
6.97 2.92 %
6.91 2.05 %
Current price: 6.77
Support 6.72 -0.77 %
6.66 -1.64 %
6.56 -3.05 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.32 22.90 %
8.18 20.83 %
8.08 19.35 %
Current price 6.77
Support 6.66 -1.62%
6.59 -2.66%
6.35 -6.20%

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About Clean Energy Fuels Corp.

Clean Energy Fuels 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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