CINEDIGM CORP - A (CIDM) Technical Analysis
NASDAQ:CIDM • US1724062096
Current stock price
CIDM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CIDM. CIDM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CIDM is a bad performer in the overall market: 91% of all stocks are doing better.
- CIDM is part of the Entertainment industry. There are 79 other stocks in this industry, of which 74% are performing better than CIDM.
- CIDM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- CIDM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CIDM Weekly and Daily overview Charts
CIDM Setup Rating and Analysis
The technical rating of CIDM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CIDM Support and Resistance Analysis
0.29
4 important resistance areas can be observed.
- A resistance zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.50 from a trend line in the weekly time frame.
- Resistance @0.53 from a trend line in the daily time frame.
- A resistance zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
CIDM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CIDM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIDM is down. |
| ChartMill Relative Strength | 9.63 | NEGATIVE | CIDM has a low relative strength, it was outperformed by 90.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIDM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIDM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CIDM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.41 | OVERSOLD | The low RSI value suggests CIDM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CIDM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.76 | OVERSOLD | The low Stochastics value suggests CIDM may be oversold. |
| Average True Range in percent/ATR (20) | 8.83 | HIGH VOLATILITY | The high ATR as a percentage value for CIDM suggests high volalility. |
| Average Directional Index/ADX (14) | 41.9 | POSITIVE | The high ADX value value for CIDM suggests a strong trend. |
CIDM Chart- and CandleStick Pattern Analysis
CIDM Technicals: Chart, Performance Metrics, Trend & Indicators
0.2945
+0 (+0.86%)
CINEDIGM CORP - A / CIDM TA FAQ
Can you provide the ChartMill technical rating for CINEDIGM CORP - A?
ChartMill assigns a technical rating of 0 / 10 to CIDM.
What is the current trend direction of CINEDIGM CORP - A (CIDM) stock?
The current trend direction for CINEDIGM CORP - A (CIDM) is Bearish.
What is the RSI signal for CIDM stock?
CINEDIGM CORP - A (CIDM) has an RSI value of 28.4089. This indicates that the stock is currently oversold.
What is the short term momentum for CINEDIGM CORP - A (CIDM) stock?
The short term momentum for CINEDIGM CORP - A (CIDM) is negative.
What is the buy/sell signal for CINEDIGM CORP - A (CIDM) stock?
The buy/sell signal for CINEDIGM CORP - A (CIDM) is sell as both the short term and long term trends are negative.