Clarus Corporation Stock Forecast

Clarus Corporation stock price ended at $6.24 on Friday, after gaining 2.30%.
(Updated on Apr 19, 2024)

CLAR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.44%. Further rise is indicated until a new top pivot has been found. Clarus Corporation 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 Clarus Corporation 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 $6.43. On a fall, the stock will find some support from the short-term average at $6.18. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 08, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Clarus Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.92 and $5.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clarus Corporation finds support just below today's level at $5.92. If this is broken, then the next support from accumulated volume will be at $5.80 and $5.75.

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 $0.220 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.61%.

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

Trading Expectations (CLAR) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Clarus Corporation to open at $6.19, and during the day (based on 14 day Average True Range), to move between $5.96 and $6.52, which gives a possible trading interval of +/-$0.282 (+/-4.52%) up or down from last closing price. If Clarus Corporation takes out the full calculated possible swing range there will be an estimated 9.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.48 (3.85%) than the support at $5.92 (5.13%), 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 Clarus Corporation stock A Buy?

Clarus Corporation 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: -3.540 Sell Candidate Unchanged

Predicted Opening Price for Clarus Corporation of Monday, April 22, 2024

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