Clean Science and Technology Limited (CLEAN) Stock - Complete Technical Analysis - Dec 16, 2024

Clean Science Stock Analysis Technical Breakdown, Support, and Resistance Levels Partha Kuchana

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 showing some significant technical signals to consider for traders. At the current price of 1,424.60, the stock is trading about 15.7% below its 52-week high, with the potential to face resistance around 1,450. The key support levels to monitor are at 1,390 and 1,373, where the stock could find buying interest. Looking at the moving averages, the 10-day EMA at 1,363.4 and the 200-day EMA at 1,446.31 indicate a strong support zone below and a resistance zone above.

However, the technical indicators are mixed, with a neutral RSI of 59.76 suggesting that momentum is neither strongly bullish nor bearish. The Stochastic RSI is elevated, which indicates that the stock could be overbought in the short term, while the negative MACD points to possible bearish pressure. The ADX reading of 25.29 signals that the current trend has moderate strength, which means we might see a range-bound movement unless there is a breakout or breakdown.

Overall, for short-term traders, its critical to monitor price action near the 1,450 resistance. A break above could trigger further bullish momentum, while a dip below 1,390 might signal further weakness. Keep an eye on the volatility, as the ATR suggests price swings are likely to continue, and adjust strategies accordingly.