Clean Science and Technology Limited (CLEAN) Stock - Complete Technical Analysis - Oct 25, 2024

In-Depth Technical Analysis of Clean Science & Technology Limited Stock (CLEAN)

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. In this analysis, we will take a closer look at Clean Science and Technology Limited, or CLEAN, focusing on its recent price trends and key technical indicators. The current trading price of 1490.15 indicates a position that is 11.83% off its 52-week high, which was reached in August 2024. This suggests the stock may be facing selling pressure, particularly with a recent history of lower highs and lows, suggesting a bearish trend in the short term.

The Average Directional Index (ADX) at 15.38 indicates a weak trend, which correlates with the stock's recent volatility. The RSI value of 39.04 points towards a potential oversold condition, indicating a possibility for a price reversal if buying interest increases. Additionally, the Stochastic indicators reflect similar oversold signals, suggesting caution in the face of potential further declines.

Examining moving averages reveals that the short-term EMA of 10 days is at 1544.33, far above the current price, indicating bearish momentum. Conversely, the long-term 200-day SMA sits at 1444.01, which could act as a support level for the stock.

For traders, significant support levels to monitor include the pivot point at 1546.85 and immediate support around 1491.95. Conversely, resistance is observed at 1554.61, with further psychological levels around 1600. Overall, while there are signs of weakness, a bounce-back is possible if the stock maintains support, making it essential for traders to watch volume and market dynamics closely for informed decisions moving forward.