<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The CLIR stock price has fallen deeply as the investors were revealed to its poor performance&nbsp;</a> </li> 
 <li> <span>2</span> <a>The company is burning its cash in the operations while the revenues are also unstable</a> </li> 
 <li> <span>3</span> <a>This stock is trading in its supply zone with high expectations from the bulls&nbsp;</a> </li> 
</ul> 
<p>Clearsign Technologies Corp. (NASDAQ: CLIR) is listed on the NASDAQ stock exchange. The company specializes in creating and improving technologies for combustion systems. Their technology is designed to enhance the performance of combustion systems in various markets, such as energy, commercial, industrial, etc.</p> 
<h2 class="wp-block-heading" id="strong-what-is-beneath-the-carpet-strong"><strong>What is beneath the carpet&nbsp;</strong></h2> 
<p>ClearSign Technology is a microcap stock with a market capitalization of just $48.2 Million. Financially, the company has not been performing very well. Its revenues have been unstable over recent years.</p> 
<p>However, it caters to the investor’s attention that the management is focused on being cash-positive, but going down to the income statement. One can see the company is not even EBIT positive, let alone keeping a net pile of cash in its reserves.</p> 
<p>In the balance sheet, The cash and equivalents section is decreasing each financial year. On the liabilities side, the company is keeping control of its short-term and long-term debt. It has further controlled the current ratio to 3.01, which may help the firm control the liquidity crunch for a short upcoming. &nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-clir-stock-price-strong"><strong>Technical Analysis and Prediction of CLIR Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/s6JjSxbzXWv8nVVWEwriGqeQ2bpQ45E-jVJEgvKpr9olOks0Nr3MkLmpkdranrEDUvtujgpb30m2WfayjqdZUz5hGDQios0rqnZtRWUI6nwDRug1HTZYChe9da7PnPvgxMD7ZM8pS5NfM5Qsfc4Hn58" alt="CLIR Stock Price: Trendy Tech Stock Unmasked, What's Beneath?"> 
  <figcaption class="wp-element-caption">
    Chart provided by <a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=NASDAQ%3ACLIR%5C" rel="noopener noreferrer nofollow">TradingView</a> (daily time frame) 
  </figcaption> 
 </figure> 
</div> 
<p>Since looking at the financials, it is no wonder why the CLIR stock price is falling. The stock has been seen in a deep downtrend since the mid months of 2021. It used to trade at an average of $4.81 during those months. Fast forward to today, the <a href="https://www.thecoinrepublic.com/2023/08/22/frc-stock-price-prediction-will-first-republic-bank-crash-more/" rel="noopener noreferrer nofollow">stock </a>is trading at a level of $1.25. It is at the same level as its immediate resistance.&nbsp;</p> 
<p>However, the bulls have successfully reclaimed the support level of $0.903 and have made a gap-up opening. However, this current level was tested once at the end of this August. The bullish investors have to show firm momentum to make a breakout.</p> 
<p>On the other hand, the MACD and the RSI indicators are showing an uptrend as a result of the gap-up opening. The MACD is at -0.02 while the RSI is rising toward its overbought zone of 63. Moreover, both the lines made a bullish crossover with their Moving averages a few days ago. If the CLIR stock price makes a breakout, the MACD will rise past its neutral zone of zero. The RSI will rise to its oversold line of 70.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>ClearSign Technologies Corp. (NASDAQ: CLIR) is a small-cap tech stock which is having a market cap of $48.2 Million. The stock is not performing well, on a financial basis. The balance sheet is short of cash, while the income statement is short of profit. At present, the CLIR stock price is trading on its resistance level and the bulls are looking forward to breaking it</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<p><strong>Support:</strong> $0.903 and $0.6482</p> 
<p><strong>Resistance:</strong> $1.25 and $1.51</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

CLIR Stock Price: Trendy Tech Stock Unmasked, What’s Beneath?

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Thecoinrepublic.com

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