ClearOne Stock Forecast

Big movements in ClearOne stock price on Wednesday moving 36.67% between high and low
(Updated on May 01, 2024)

CLRO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ClearOne 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 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 $1.40. On a fall, the stock will find some support from the short-term average at $0.94. 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 Tuesday, March 12, 2024, and so far it has fallen -50.00%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for ClearOne stock

ClearOne finds support from accumulated volume at $1.00 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 $0.330 between high and low, or 36.67%. For the last week, the stock has had daily average volatility of 11.45%.

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

Trading Expectations (CLRO) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect ClearOne to open at $1.05, and during the day (based on 14 day Average True Range), to move between $0.90 and $1.16, which gives a possible trading interval of +/-$0.127 (+/-12.28%) up or down from last closing price. If ClearOne takes out the full calculated possible swing range there will be an estimated 24.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.04 (0.97%) than the support at $1.00 (3.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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: -1.640 Sell Candidate Unchanged

Predicted Opening Price for ClearOne of Thursday, May 2, 2024

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