Taking everything into account, CIFR scores 6 out of 10 in our technical rating. In the last year, CIFR was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, CIFR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CIFR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
14.00
We found 1 important support area.
- A support zone ranging from 14.14 to 14.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 16.21 to 16.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for CIFR is down. |
| ChartMill Relative Strength | 97.8 | POSITIVE | CIFR has a high relative strength, it outperformed 97.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIFR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIFR is below a declining 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) | 48.86 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CIFR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for CIFR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.78 | NEGATIVE | The low ADX value for CIFR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.35 | 14.51 | 1.84 (11.25%) | 8.89% |
| An entry @16.35. This is a Buy Stop order right above the resistance zone. | An exit @14.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.84 points, which is 11.25%. | When investing 8.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CIFR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.2
+1.44 (+9.76%)
CIPHER MINING INC / CIFR FAQ
What is the ChartMill technical rating of CIPHER MINING INC (CIFR) stock?
ChartMill assigns a technical rating of 6 / 10 to CIFR.
What is the current trend direction of CIPHER MINING INC (CIFR) stock?
The current trend direction for CIPHER MINING INC (CIFR) is Bullish.
What is the RSI signal for CIFR stock?
CIPHER MINING INC (CIFR) has an RSI value of 48.8552. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CIPHER MINING INC?
The short term momentum for CIPHER MINING INC (CIFR) is negative.
What is the support and resistance level for CIFR stock?
CIPHER MINING INC (CIFR) has a support level at 14.15 and a resistance level at 16.21. Check the full technical report for our detailed analysis of CIFR support and resistance levels.