CLSK Price Prediction, CleanSpark AI Recommendations

CLSK in upward trend: 10-day moving average crossed above 50-day moving average on November 22, 2023

The 10-day moving average for CLSK crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 20, 2023. You may want to consider a long position or call options on CLSK as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CLSK just turned positive on November 20, 2023. Looking at past instances where CLSK's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

CLSK moved above its 50-day moving average on November 20, 2023 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for CLSK moved above the 200-day moving average on December 01, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where CLSK advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLSK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CLSK broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CLSK entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CLSK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.613) is normal, around the industry mean (4.746). P/E Ratio (0.000) is within average values for comparable stocks, (32.822). CLSK's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.415). CLSK has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (3.512) is also within normal values, averaging (99.903).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLSK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock worse than average.

CLSK is expected to report earnings to fall 90.12% to -12 cents per share on February 08

Q4'23

Est.

$-0.13

Q3'23

Missed

by $1.16

Q2'23

Beat

by $0.05

Q1'23

Beat

by $0.09

Q4'22

Beat

by $0.14