CleanSpark, Inc.

Stage 4 · Declining · week 2

As of Oct 22, 2026, CleanSpark is in Stage 4, the downtrend phase, now in week 2 (since Oct 13, 2026). It closed at $8.15, 59.7% below its 52-week high and below its 200-day average, which is falling.

CleanSpark, Inc. operates as a bitcoin mining company in the Americas. More about the company

$8.15

-6.86% today

$2.1B · Mid cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 25w

S3 15w

S4 18w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 5w → S3 7w → S4 3w → S1 1w → S2 25w → S3 15w → S4 9w → S1 9w → S4 18w → S1 8w → S2 7w → S3 3w → S2 11w → S3 8w → S4 11w → S1 5w → S2 9w → S3 10w → S4 1w current

Total tracked: 166 weeks across 19 stage runs.

CLSK among Capital Markets53rd of 95 by relative strength

All 95 →

Stocks in Capital Markets ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	MTCMMTec, Inc.	Stage 2 · wk 2	99	−21.8%
2	TOPTOP Financial Group Limited Class A	Stage 2 · wk 16	98	+7.5%
3	MRXMarex Group Limited	Stage 2 · wk 28	96	−4.3%
4	VIRTVirtu Financial, Inc. Class A	Stage 3 · wk 5	92	+6.1%
5	XPXP Inc. Class A	Stage 2 · wk 4	92	+40.6%
6	OPYOppenheimer Holdings, Inc. Class A	Stage 2 · wk 41	87	−11.5%
7	GOLDGold.com, Inc.	Stage 1 · wk 2	86	−11.1%
8	XRPNEvernorth Holdings Inc. Class A	Stage 2 · wk 28	86	+46.3%
…53	CLSKCleanSpark, Inc.	Stage 4 · wk 2	20	−43.6%

vs 52W High

-59.7%

$8.15 lo$20.20 hi

59.7% below 52W high, deep Stage 4 damage

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 2

1w13w26w

Week 2, early Stage 4 decline

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-34.6%

200 DMA: $12.47 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

0.90x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-43.6%

-43.9%

-33.4%

YTD

-29.4%

-56.6%

Scan Membership

Breakout Watch

Latest: 2023-12-01

7 appearances in last 60 days. First seen: 2018-10-16.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S4

Wk 2 · Vol 0.90x

2026-10-21S4

Wk 2 · Vol 1.14x

2026-10-20S4

Wk 2 · Vol 0.92x

2026-10-19S4

Wk 1 · Vol 1.06x

2026-10-16S4

Wk 1 · Vol 1.13x

2026-10-15S4

Wk 1 · Vol 1.52x

2026-10-14S4

Wk 1 · Vol 1.33x

2026-10-13S43→4

Wk 1 · Vol 0.85x

2026-10-12S3

Wk 10 · Vol 0.51x

2026-10-09S3

Wk 9 · Vol 0.55x

2026-10-08S3

Wk 9 · Vol 1.39x

2026-10-07S3

Wk 9 · Vol 0.85x

Moving averages & range

50 DMA

$12.01

200 DMA

$12.47

52W High

$20.20

52W Low

$8.15

5D Low

$8.15

Resistance levels (recent highs)

20d High

$13.95

60d High

$15.14

120d High

$18.81

250d High

$20.20

Next resistance

+71.2%

to 20d High

ROE

-68.6%

Profit margin -146.9%

Dividend Yield

0.00%

P/B 2.7

CleanSpark: quick answers

What stage is CleanSpark in?

As of Oct 22, 2026, CleanSpark (CLSK) is in Stage 4, the downtrend phase. It entered Stage 4 on Oct 13, 2026 and is in week 2. What the four stages mean

Is CleanSpark in an uptrend?

No. CleanSpark is in a Stage 4 downtrend. It trades 34.6% below its 200-day average, which is falling.

How far is CleanSpark from its 52-week high?

CleanSpark closed at $8.15 on Oct 22, 2026, 59.7% below its 52-week high of $20.20. Its 52-week low is $8.15.

How has CleanSpark performed over the past year?

As of Oct 22, 2026, CleanSpark is down 56.6% over the past year and down 29.4% so far in 2026.

Which sector and industry is CleanSpark in?

CleanSpark is in the Capital Markets industry, part of the Financials sector.

About this companyFinancials· Capital Markets

CleanSpark, Inc. operates as a bitcoin mining company in the Americas. The company owns, leases, and operates data centers and power assets. Its infrastructure supports Bitcoin, a digital commodity. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.