Clean Science and Technology Limited (CLEAN) Stock - Complete Technical Analysis - Oct 17, 2024

Clean Science & Technology Stock Analysis: Trends, Levels & Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Todays analysis focuses on Clean Science and Technology Limited (CLEAN), currently trading at 1599. The stock has demonstrated a bullish trend in recent weeks, with todays candle forming a Spinning Top, indicating market indecision. The 52-week high of 1690 was reached recently, representing a potential resistance level, while the 52-week low of 1243 offers a strong support base.

From a technical perspective, the stocks P/E ratio of 65.1 suggests that it may be overvalued relative to its earnings. The robust ROCE of 29.7% and ROE of 22.2% indicate effective management and profitability, which may sustain investor interest. The RSI stands at 56.17, suggesting the stock is neither overbought nor oversold, while the MACD level at 13.76 supports the bullish momentum.

Key moving averages reveal that the 10-day EMA is at 1584.37, which is a crucial support point. The stocks current price is slightly above this level, affirming a positive short-term outlook. The Average Directional Index (ADX) is at 13.43, indicating a weak trend but still suggesting the potential for price movement.

Notably, volatility appears significant with the ATR of 413.99, reflecting potential price swings. Traders should watch for sudden price drops or surges, especially as the price trends are fluctuating around the recent highs. Observing gaps in price movement may provide entry or exit signals. With a dividend yield of 0.31%, the stock could appeal to income-focused investors as well.

Overall, CLEAN stock presents a mixed outlook. The current market conditions, alongside technical indicators, suggest a cautious approach, with close attention to resistance and support levels for potential trading opportunities.