ClearSign Combustion Corporation (CLIR)

CLIR stock forecast: buy or sell

CLIR stock outlook

  • ClearSign Combustion stock tanked -11.97% to close at $2.28 on the stock market today, after 3 consecutive sessions in green.
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Important:
The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for learning purposes only

CLIR stock chart overview

Should I buy ClearSign Combustion stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is CLIR stock a buy?

Currently, ClearSign Combustion stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean CLIR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell ClearSign Combustion stock?

When is it time to sell ClearSign Combustion?. In the same way as when we have to buy shares, determining when is the best time to sell is not a whimsy decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very simple to use but are only valid for selling shares in your porfolio, not for selling short ClearSign Combustion stock

As a golden rule, you must never mantain a trade that leads to greater losses than those expected upon the buy. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell ClearSign Combustion stock?

In the current situation of ClearSign Combustion there is not any eligible sell setup, so ClearSign Combustion stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell ClearSign Combustion stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating published in the previous month for ClearSign Combustion

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Technical analysis

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show market direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Further about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Market investors use support and resistance levels as a way to find price points on a chart that may behave as barriers, preventing the price of shares to move in certain direction. A support level is a level where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue falling until approaching another support level. On the contrary, a resistance level is where the price tends to find resistance as it moves up. Again, the price is more likely to "bounce off" at this level, and if it finally ruptures this level, it will rally easily until it meets the next resistance

The current resistance levels are:

  • R1: $2.45 (7.46% above)
  • R2: $2.75 (20.61% above)
  • R3: $2.85 (25% above)
  • The current supports are:

  • S1: $2.25 (-1.32% below)
  • S2: $2.20 (-3.51% below)
  • S3: $2.15 (-5.7% below)
  • Bollinger bands

    So-called Bollinger bands are a well-established studio created by John Bollinger. It comprises three bands that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on Wednesday, the price dropped by 24.75%

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that measures price changes to spot when the share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading yesterday was 51.81

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    Earnings and financials

    ClearSign Combustion Corporation (CLIR) reported adjusted EPS for the fiscal second-quarter that met Wall St. expectations. Quarterly EPS was $0.00 per share versus $0.00. The company reported turnover for this quarter was $0.00 consistent with the market forecasts as well.

    In comparison, the EPS for the same quarter last year was $-0.09, so reported EPS is a improvement of 100%. Looking at turnover, figures skyrocketed a 103.85% compared to $2,600,000 same quarter last year.

    CLIR will host the quarterly earnings call on mid next September. Market analysts analysts expect an Earnings per Share of $0.00, that is a 0% than previous quarter. Earnings reporting day has a more than usual risk for investors as the results provided can gap up or down the stock price with lower volume and not honouring your buy/stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

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