CIPHER MINING INC (CIFR) Stock Technical Analysis
NASDAQ:CIFR - Nasdaq - US17253J1060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CIFR. CIFR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
CIFR is one of the better performing stocks in the Software industry, it outperforms 87% of 282 stocks in the same industry.
CIFR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CIFR is lagging the market slightly.
CIFR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CIFR has an average volume of 31572900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CIFR did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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
3.47
6.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.86 to 5.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.93 from a trend line in the daily time frame.
- Support @3.51 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @6.06 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 6.23 to 6.27. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for CIFR is up. |
| ChartMill Relative Strength | 95.12 | POSITIVE | CIFR has a high relative strength, it outperformed 95.12% 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) | 68.57 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CIFR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.53 | OVERBOUGHT | The high Stochastics value suggests CIFR may be overbought. |
| Average True Range in percent/ATR (20) | 7.98 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 33.33 | 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)
5.97
-0.06 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1%
1 Week-1%
2 Weeks24.9%
1 Month60.48%
3 Month151.9%
6 Month9.94%
12 Month-3.55%
2 Year57.11%
3 Year247.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%7.98%
ATR Inc-14.39%
Range Today0.39
ADR(20)0.44
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.12
Mansfield2.4
10 Day High6.51
10 Day Low4.55
20 Day High6.51
20 Day Low3.29
52 Week High7.77
52 Week Low1.86
CS1 End5.88
CR1 Start6.06
Volume & EV
DER(3)1.59%
DER(5)1.25%
Volume37.42M
Volume Incr-2.77%
Vol(5)40.54M
Vol(50)31.57M