CIFR Technical Analysis - CIPHER MINING INC

Technical Rating and Analysis

Taking everything into account, CIFR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CIFR has proven to be a steady performer, scoring decent points in every aspect analyzed.

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. On top of that, CIFR also shows a nice and consistent pattern of rising prices.

CIFR is one of the better performing stocks in the Software industry, it outperforms 98% of 282 stocks in the same industry.

CIFR is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CIFR has a been trading in the 10.47 - 20.20 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

CIFR has an average volume of 41284800 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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 offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

10.72

20.38

3 important support areas can be observed.

A support zone ranging from 16.96 to 16.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @14.42 from a trend line in the daily time frame.
Support @10.83 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	98.82	POSITIVE	CIFR has a high relative strength, it outperformed 98.82% 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)	72.27	OVERBOUGHT	The high RSI value suggests CIFR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests CIFR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	85.08	OVERBOUGHT	The high Stochastics value suggests CIFR may be overbought.
Average True Range in percent/ATR (20)	9.56	HIGH VOLATILITY	The high ATR as a percentage value for CIFR suggests high volalility.
Average Directional Index/ADX (14)	50.32	POSITIVE	The high ADX value value for CIFR suggests a strong trend.