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 CLPT
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for ClearPoint Neuro, Inc. stock after gaining 1.19%
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -0.29% PDF

The ClearPoint Neuro, Inc. stock price gained 1.19% on the last trading day (Thursday, 28th Mar 2024), rising from $6.72 to $6.80. During the last trading day the stock fluctuated 3.98% from a day low at $6.66 to a day high of $6.92. The price has fallen in 6 of the last 10 days and is down by -5.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $555.13 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 -3.88% during the next 3 months and, with a 90% probability hold a price between $5.73 and $7.45 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CLPT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ClearPoint Neuro, Inc. 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 ClearPoint Neuro, Inc. 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 $6.92. On a fall, the stock will find some support from the short-term average at $6.74. 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. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -5.69%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for ClearPoint Neuro, Inc. stock

ClearPoint Neuro, Inc. finds support from accumulated volume at $6.68 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 $0.265 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 4.26%.

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

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

For the upcoming trading day on Monday, 1st we expect ClearPoint Neuro, Inc. to open at $6.79, and during the day (based on 14 day Average True Range), to move between $6.43 and $7.17, which gives a possible trading interval of +/-$0.370 (+/-5.43%) up or down from last closing price. If ClearPoint Neuro, Inc. takes out the full calculated possible swing range there will be an estimated 10.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.68 (1.76%) than the resistance at $7.15 (5.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ClearPoint Neuro, Inc. stock A Buy?

ClearPoint Neuro, Inc. 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.

Current score: -2.646 Sell Candidate Unchanged

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

Fair opening price April 1, 2024 Current price
$6.79 ( 0.123%) $6.80

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

Trading levels for CLPT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.06 3.77 %
R2 6.96 2.29 %
R1 6.89 1.37 %
Current price: 6.80
Support S1 6.69 -1.61 %
S2 6.63 -2.53 %
S3 6.53 -4.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.44 9.41 %
R2 7.17 5.44 %
R1 7.15 5.15 %
Current price 6.80
Support S1 6.68 -1.76%
S2 6.39 -6.03%
S3 6.17 -9.26%

FAQ

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

Should I buy or sell ClearPoint Neuro, Inc. Stock?
ClearPoint Neuro, Inc. 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.

How to buy ClearPoint Neuro, Inc. Stock?
ClearPoint Neuro, 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 ClearPoint Neuro, Inc. Stock.

What's the current price of ClearPoint Neuro, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an ClearPoint Neuro, Inc. (CLPT) share was $6.80.

What is the 52-week high and low for ClearPoint Neuro, Inc. Stock?
The 52-week high for ClearPoint Neuro, Inc. Stock is $10.95 and the 52-week low is $4.05.

What is the market capitalization of ClearPoint Neuro, Inc. Stock?
As of the 2024-03-28, the market capitalization of ClearPoint Neuro, Inc. is 183.439M.

When is the next earnings date for ClearPoint Neuro, Inc.?
The upcoming earnings date for ClearPoint Neuro, Inc. is May 09, 2024.
Click to get the best stock tips daily for free!

About ClearPoint Neuro, Inc.

ClearPoint Neuro. ClearPoint Neuro, Inc. operates as a medical device company primarily in the United States. The company develops and commercializes platforms for performing minimally invasive surgical procedures in the brain under direct, and intra-procedural magnetic resonance imaging (MRI) guidance. It offers ClearPoint system for the insertion of deep brain stimulation electrodes and biopsy needles, and the infusion of pharmaceuticals and laser catheters into... CLPT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT