RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CLPS
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Weaker technical forecast for CLPS Inc. as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The CLPS Inc. stock price gained 0.0097% on the last trading day (Thursday, 28th Mar 2024), rising from $1.03 to $1.03. During the last trading day the stock fluctuated 3.87% from a day low at $1.03 to a day high of $1.07. The price has fallen in 6 of the last 10 days but is still up by 0.35% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 1 thousand shares were bought and sold for approximately $1.09 thousand. 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.62% during the next 3 months and, with a 90% probability hold a price between $1.03 and $1.21 at the end of this 3-month period.

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CLPS Signals & Forecast

There are few to no technical positive signals at the moment. The CLPS Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.04 and $1.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, January 22, 2024 and based on theory for this formation the price should go up by 6.98% to $1.10 within 12 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for CLPS Inc. stock

CLPS Inc. finds support from accumulated volume at $1.03 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0399 between high and low, or 3.87%. For the last week the stock has had daily average volatility of 4.38%.

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

Trading Expectations (CLPS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CLPS Inc. to open at $1.04, and during the day (based on 14 day Average True Range), to move between $0.98 and $1.08, which gives a possible trading interval of +/-$0.0491 (+/-4.77%) up or down from last closing price. If CLPS Inc. takes out the full calculated possible swing range there will be an estimated 9.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.03 (0.01%) than the resistance at $1.07 (3.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CLPS Inc. stock A Buy?

The CLPS Inc. stock holds several negative signals and despite the positive trend, we believe CLPS Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

Current score: -1.569 Sell Candidate Downgraded

Predicted Opening Price for CLPS Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.04 ( 1.29%) $1.03

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

Trading levels for CLPS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.08 5.16 %
R2 1.07 3.68 %
R1 1.06 2.77 %
Current price: 1.03
Support S1 1.03 -0.189 %
S2 1.02 -1.10 %
S3 1.00 -2.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.13 9.70 %
R2 1.13 9.21 %
R1 1.07 3.87 %
Current price 1.03
Support S1 1.03 -0.0097%
S2 1.02 -0.84%
S3 1.00 -2.92%

CLPS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 01, 2023 Dec 01, 2023 Dec 01, 2023 $0 0%
2 Dec 14, 2022 Dec 28, 2022 Jan 10, 2023 $0.0500 4.10%

FAQ

What is the symbol for CLPS Inc. Stock and on which exchange is it traded?
The symbol for CLPS Inc. is CLPS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CLPS Inc. Stock?
The CLPS Inc. stock holds several negative signals and despite the positive trend, we believe CLPS Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

How to buy CLPS Inc. Stock?
CLPS Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CLPS Inc. Stock.

What's the current price of CLPS Inc. Stock?
As of the end of day on the 2024-03-28, the price of an CLPS Inc. (CLPS) share was $1.03.

What is the 52-week high and low for CLPS Inc. Stock?
The 52-week high for CLPS Inc. Stock is $1.42 and the 52-week low is $0.88.

What is the market capitalization of CLPS Inc. Stock?
As of the 2024-03-28, the market capitalization of CLPS Inc. is 26.385M.

When is the next earnings date for CLPS Inc.?
The upcoming earnings date for CLPS Inc. is Oct 16, 2024.
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About CLPS Inc.

CLPS. CLPS Incorporation provides information technology, consulting, and solutions to institutions operating in banking, insurance, and financial sectors in the People's Republic of China and internationally. It offers IT consulting services in credit card business areas, such as credit card application, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting, and risk management. ... CLPS Profile

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