Clear Leisure plc Stock Forecast

Is Clear Leisure plc stock still a buy after falling -5.88% on Tuesday?
(Updated on Sep 01, 2020)

CLP.L Signals & Forecast

The Clear Leisure plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.0026 and £0.0016. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Clear Leisure plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0029 and £0.0027. 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, Clear Leisure plc finds support just below today's level at £0.0029. If this is broken, then the next support from accumulated volume will be at £0.0027 and £0.0025.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)

Trading Expectations (CLP.L) For The Upcoming Trading Day Of Wednesday 2nd

Since the stock is closer to the resistance from accumulated volume at £0.0034 (6.25%) than the support at £0.0029 (9.38%), 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 Clear Leisure plc stock A Buy?

Clear Leisure plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Clear Leisure plc of Wednesday, September 2, 2020

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