Taking everything into account, CIFR scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CIFR did better than 97% of all other stocks. We also observe that the gains produced by CIFR over the past year are nicely spread over this period.
- CIFR is one of the better performing stocks in the Software industry, it outperforms 98% of 276 stocks in the same industry.
- In the last month CIFR has a been trading in the 13.67 - 19.05 range, which is quite wide. It is currently trading near the high of this range.
- CIFR has an average volume of 38287000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
Although CIFR has an excellent technical rating, it does not present a decent entry opportunity 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
3 important support areas can be observed.
- Support @15.51 from a trend line in the daily time frame.
- Support @15.02 from a trend line in the daily time frame.
- Support @14.15 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @18.26 from a horizontal line in the daily time frame.
- Resistance @20.69 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for CIFR is up. |
| ChartMill Relative Strength | 97.71 | POSITIVE | CIFR has a high relative strength, it outperformed 97.71% 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) | DOWN | MIXED | The current price of CIFR is above 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) | 56.98 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CIFR has a positive trend. |
| Stochastics (14,3) | 73.8 | NEUTRAL | The Stochastics value for CIFR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 12.99 | NEGATIVE | The low ADX value for CIFR suggests a weak or negative trend. |
18.25
+0.57 (+3.22%)
CIPHER MINING INC / CIFR FAQ
What is the ChartMill technical rating of CIPHER MINING INC (CIFR) stock?
ChartMill assigns a technical rating of 9 / 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 56.9839. 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 positive.
What is the support and resistance level for CIFR stock?
CIPHER MINING INC (CIFR) has a support level at 15.51 and a resistance level at 18.26. Check the full technical report for our detailed analysis of CIFR support and resistance levels.