Momentum Indicator for CLNR turns positive, indicating new upward trend
CLNR saw its Momentum Indicator move above the 0 level on November 29, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator turned positive. In of the 48 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CLNR just turned positive on November 27, 2024. Looking at past instances where CLNR's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .
CLNR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Aroon Indicator for CLNR entered a downward trend on December 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Industrials
CLNR and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CLNR has been closely correlated with FXR. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if CLNR jumps, then FXR could also see price increases.
| Ticker / NAME | Correlation To CLNR | 1D Price Change % | ||
|---|---|---|---|---|
| CLNR | 100% | N/A | ||
| FXR - CLNR | 82% Closely correlated | -1.33% | ||
| EXI - CLNR | 79% Closely correlated | -0.72% | ||
| VIS - CLNR | 74% Closely correlated | -1.12% | ||
| XLI - CLNR | 62% Loosely correlated | -0.92% | ||
| AIRR - CLNR | 61% Loosely correlated | -1.86% | ||
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