Clean Science and Technology Limited (CLEAN) Stock - Complete Technical Analysis - Nov 29, 2024

Clean Science (CLEAN) Stock Analysis: Key Support & Resistance Levels Technical Breakdown

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 1,284.20, showing significant price fluctuations in recent trading sessions. With a 52-week high of 1,690, the stock is down 24.01%, while it is 3.31% above its 52-week low. Recent price action shows the stock making intraday moves between 1,278.55 and 1,314.55, suggesting high volatility and potential for reversals. The stock's MACD and RSI indicate the possibility of further downward pressure, but the oversold RSI level points to a possible short-term recovery.

Looking at moving averages, CLEAN's current price is below key Exponential Moving Averages (EMA) such as the 10-day, 20-day, and 50-day, further confirming the bearish sentiment. The ADX shows that the current trend is not strong, and the stock is more likely to move sideways or experience reversals. However, the support at 1,278 is a crucial level to watch. A bounce from this level could bring the stock back to its resistance zone at 1,308, with further potential to move toward the 1,350 area.

Traders should look for confirmation through volume and price action to gauge whether the stock will break out or continue to consolidate. If the stock holds above 1,278, it could present an opportunity for those looking to enter at lower levels before a potential rally.