CLEARONE INC (CLRO)

US18506U1043 - Common Stock

0.6088  +0.02 (+3.19%)

Technical Rating and Analysis

4

Taking everything into account, CLRO scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CLRO was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, CLRO is a bad performer in the overall market: 86% of all stocks are doing better.
CLRO is part of the Communications Equipment industry. There are 51 other stocks in this industry, of which 90% are performing better than CLRO.
CLRO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CLRO is lagging the market.
In the last month CLRO has a been trading in the 0.47 - 0.64 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
CLRO Weekly chart
CLRO Daily chart
Setup Rating and Analysis

6

CLRO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.60, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

0.51

1.22

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 0.60 to 0.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @0.56 from a trend line in the daily time frame.
  • Support @0.52 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @0.64 from a horizontal line in the daily time frame.
  • Resistance @1.21 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.45
Mansfield-3.33
10 Day High0.61
10 Day Low0.52
20 Day High0.64
20 Day Low0.47
52 Week High2.48
52 Week Low0.46
Performance
1 Week-0.2%
2 Weeks7.64%
1 Month25.5%
3 Month-0.2%
6 Month-6.35%
12 Month-43.7%
2 Year-59.95%
3 Year-52.81%
5 Year-63.33%
10 Year-93.77%
15 Year-80.73%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)59.15
LBB0.52
UBB0.64
CLRO Daily chart

CLEARONE INC

NASDAQ:CLRO (12/27/2024, 8:11:45 PM)

0.6088

+0.02 (+3.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg3.19%
1 Week-0.2%
2 Weeks7.64%
1 Month25.5%
3 Month-0.2%
6 Month-6.35%
12 Month-43.7%
2 Year-59.95%
3 Year-52.81%
5 Year-63.33%
10 Year-93.77%
15 Year-80.73%
Volatility
ATR(14)0.04
ATR(20)%6.8%
ATR Inc-45.24%
Range Today0.02
ADR(20)0.04
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.45
Mansfield-3.33
10 Day High0.61
10 Day Low0.52
20 Day High0.64
20 Day Low0.47
52 Week High2.48
52 Week Low0.46
CS1 End0.6
CR1 Start0.62
Volume & EV
DER(3)0.77%
DER(5)-3.6%
Volume46.20K
Volume Incr-87.07%
Vol(5)44.36K
Vol(50)152.59K