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$1.41 (-3.42%)

Volume: 80k

Closed: Nov 26, 2021

Hollow Logo Score: -1.724

ClearOne Stock Forecast

$1.41 (-3.42%)

Volume: 80k

Closed: Nov 26, 2021

Score Hollow Logo -1.724
Which way will CLRO go? Request
Key Stats
Beta 0.3
* 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 41 and the stock is currently not being overbought or oversold

ClearOne stock price down 3.42% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-10-13 Loss -35.02%

The ClearOne stock price fell by -3.42% on the last day (Friday, 26th Nov 2021) from $1.46 to $1.41. During the day the stock fluctuated 3.96% from a day low at $1.39 to a day high of $1.45. The price has been going up and down for this period, and there has been a 2.17% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -198 thousand shares and in total, 80 thousand shares were bought and sold for approximately $112.80 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 -50.84% during the next 3 months and, with a 90% probability hold a price between $0.54 and $0.73 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

A buy signal was issued from a pivot bottom point on Friday, November 12, 2021, and so far it has risen 6.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ClearOne 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 $1.67. On a fall, the stock will find some support from the short-term average at $1.38. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

ClearOne finds support from accumulated volume at $1.39 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0550 between high and low, or 3.96%. For the last week the stock has had a daily average volatility of 5.90%.

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

Is ClearOne stock A Buy?

ClearOne 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: -1.724

Predicted Opening Price for ClearOne of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$1.42 $1.41 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 5.90 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.90 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.50
Price: $1.41
Support: $1.39

CLRO Insider Trading Show all Trades

INSIDER POWER

173.226

Last 100 transactions
Buy: 2 152 854 | Sell: 12 428 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Buy 4 910 Bagley Edward D Common Stock
Nov 19, 2021 Buy 4 000 Bagley Edward D Common Stock
Nov 18, 2021 Buy 28 900 Bagley Edward D Common Stock
Nov 17, 2021 Buy 36 574 Bagley Edward D Common Stock
Nov 16, 2021 Buy 10 000 Hakimoglu Zeynep Common Stock
Show all Insider Trades
INSIDER POWER

173.226

Last 100 transactions
Buy: 2 152 854 | Sell: 12 428 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.47 4.26 %
1.45 2.77 %
1.44 1.84 %
Current price: 1.41
Support 1.39 -1.14 %
1.38 -2.06 %
1.36 -3.55 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.76 24.82 %
1.58 12.06 %
1.50 6.38 %
Current price 1.41
Support 1.39 -1.42%
1.36 -3.55%
1.35 -4.26%

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About ClearOne

ClearOne ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for audio/voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, ... Read more

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