CIPHER MINING INC (CIFR) Stock Technical Analysis
NASDAQ:CIFR - Nasdaq - US17253J1060 - Common Stock - Currency: USD
Overall CIFR gets a technical rating of 6 out of 10. In the last year, CIFR was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CIFR has a been trading in the 4.91 - 7.10 range, which is quite wide. It is currently trading near the lows of this range.
CIFR is part of the Software industry. There are 282 other stocks in this industry. CIFR outperforms 86% of them.
CIFR has an average volume of 33860300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that CIFR is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CIFR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIFR is lagging the market.
Considerably lower volume is observed in the last couple of days.
CIFR has an average technical rating and it also does not offer a high 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
4.31
6.98
3 important support areas can be observed.
- Support @5.08 from a trend line in the daily time frame.
- A support zone ranging from 4.89 to 4.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.35 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.91 from a trend 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 | DOWN | NEGATIVE | The short term trend for CIFR is down. |
| ChartMill Relative Strength | 92.25 | POSITIVE | CIFR has a high relative strength, it outperformed 92.25% 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) | 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) | 45.39 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CIFR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.22 | OVERSOLD | The low Stochastics value suggests CIFR may be oversold. |
| Average True Range in percent/ATR (20) | 9.85 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for CIFR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.21
+0.2 (+3.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.99%
1 Week-4.4%
2 Weeks-22.01%
1 Month-16.77%
3 Month74.83%
6 Month-12.73%
12 Month28.01%
2 Year63.32%
3 Year159.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%9.85%
ATR Inc-51.12%
Range Today0.26
ADR(20)0.48
ADR(20)%9.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.25
Mansfield0.63
10 Day High6.87
10 Day Low4.91
20 Day High7.1
20 Day Low4.91
52 Week High7.77
52 Week Low1.86
CS1 End5.08
CR1 Start6.91
Volume & EV
DER(3)6.36%
DER(5)2.48%
Volume17.26M
Volume Incr-55.95%
Vol(5)17.60M
Vol(50)33.86M