CIFR Technical Analysis - CIPHER MINING INC

Technical Rating and Analysis

Overall CIFR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIFR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that CIFR is one of the better performing stocks in the market, outperforming 98% of all stocks.

CIFR is part of the Software industry. There are 279 other stocks in this industry. CIFR outperforms 97% of them.

A new 52 week high is currently being made by CIFR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month CIFR has a been trading in the 6.02 - 14.20 range, which is quite wide. It is currently trading near the high of this range.

CIFR has an average volume of 31609200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CIPHER MINING INC / CIFR Weekly stock chart

CIPHER MINING INC / CIFR Daily stock chart

Setup Rating and Analysis

Although CIFR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.71

14.10

When analyzing the support we notice one important area.

Support @8.80 from a trend line in the daily time frame.

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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	UP	POSITIVE	The long term trend for CIFR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CIFR is up.
ChartMill Relative Strength	98.73	POSITIVE	CIFR has a high relative strength, it outperformed 98.73% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CIFR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CIFR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CIFR is above the rising SMA(200).
Relative Strength Index/RSI (14)	82.22	OVERBOUGHT	The high RSI value suggests CIFR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests CIFR has a positive trend.
Stochastics (14,3)	90.86	OVERBOUGHT	The high Stochastics value suggests CIFR may be overbought.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for CIFR suggests high volalility.
Average Directional Index/ADX (14)	53.16	POSITIVE	The high ADX value value for CIFR suggests a strong trend.