ClearSign Combustion Corporation Stock Forecast

Big movements in ClearSign Combustion Corporation stock price on Monday moving 27.92% between high and low
(Updated on Apr 15, 2024)

CLIR Signals & Forecast

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 ClearSign Combustion Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.96 and $1.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -31.10%. Further fall is indicated until a new bottom pivot has been found. ClearSign Combustion Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for ClearSign Combustion Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.211 (27.92%) between high and low. For the last week, the stock has had daily average volatility of 8.49%.

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

Trading Expectations (CLIR) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect ClearSign Combustion Corporation to open at $0.87, and during the day (based on 14 day Average True Range), to move between $0.81 and $0.95, which gives a possible trading interval of +/-$0.0690 (+/-7.83%) up or down from last closing price. If ClearSign Combustion Corporation takes out the full calculated possible swing range there will be an estimated 15.65% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.95, some $0.0632 (7.17%) from the current price of $0.88, our system finds the risk reward not very attractive.

Is ClearSign Combustion Corporation stock A Buy?

ClearSign Combustion Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.785 Sell Candidate Unchanged

Predicted Opening Price for ClearSign Combustion Corporation of Tuesday, April 16, 2024

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