Clean Science and Technology Limited (CLEAN) Stock - Complete Technical Analysis - Nov 11, 2024

Clean Science and Technology Limited (CLEAN) Stock Analysis Key Levels, Trends, and Trading Oppor

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. Clean Science and Technology Limited (CLEAN) is currently trading at 1,393.50, experiencing a pullback of 17.54% from its 52-week high of 1,690.00. The stock has shown resilience, staying 12.11% above its 52-week low of 1,243.00, indicating that it has some level of price support.

Looking at the key technical indicators, the MACD is in a negative position, pointing to a bearish short-term trend. The Relative Strength Index (RSI) is showing signs of the stock being oversold, which suggests that a reversal might be in the cards soon. Additionally, the Stochastic Oscillator and Williams Percent Range both indicate that the stock is in an oversold region, reinforcing the potential for a bounce.

Resistance levels for CLEAN are expected between 1,520 and 1,540, where the stock has struggled to gain traction in the past. A breakthrough above this range could signal an upward move, possibly towards the 1,600 level. On the downside, support is seen at around the 1,350 to 1,375 range, with the stock showing recent consolidation in this zone. If the stock breaks through this support, a deeper decline towards the 1,243.00 level could be expected.

The ATR shows that the stock is relatively volatile, which implies that traders should anticipate swift price movements. The price action in recent days has shown that the stock is prone to sudden drops and surges, which can present opportunities for quick trades.

In conclusion, while Clean Science and Technology Limited is under pressure in the short term, oversold conditions may signal a potential reversal. Traders looking for short-term gains should watch for a breakout above resistance or a potential bounce at support. Risk-averse traders might consider waiting for further confirmation of stability before entering a trade.