We assign a technical rating of 8 out of 10 to CIFR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
CIFR has an excellent technical rating, but the quality of the setup is only medium 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
14.01
We found 2 important support areas.
- A support zone ranging from 15.00 to 15.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.15 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @18.16 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CIFR is neutral. |
| ChartMill Relative Strength | 98.18 | POSITIVE | CIFR has a high relative strength, it outperformed 98.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CIFR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CIFR is below 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) | 54.11 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CIFR has a positive trend. |
| Stochastics (14,3) | 75.2 | NEUTRAL | The Stochastics value for CIFR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.37 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for CIFR suggests a weak or negative trend. |
17.54
-0.62 (-3.41%)
CIPHER MINING INC / CIFR FAQ
What is the ChartMill technical rating of CIPHER MINING INC (CIFR) stock?
ChartMill assigns a technical rating of 8 / 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 54.106. 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 neutral.
What is the support and resistance level for CIFR stock?
CIPHER MINING INC (CIFR) has a support level at 15.19 and a resistance level at 18.16. Check the full technical report for our detailed analysis of CIFR support and resistance levels.