CIPHER MINING INC (CIFR) Stock Technical Analysis
NASDAQ:CIFR - Nasdaq - US17253J1060 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CIFR. CIFR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CIFR has an average volume of 18350300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CIFR outperforms 55% of them, which is more or less in line with the market.
CIFR is an average performer in the Software industry, it outperforms 54% of 284 stocks in the same industry.
CIFR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CIFR is lagging the market slightly.
In the last month CIFR has a been trading in the 3.08 - 4.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CIFR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.67, a Stop Loss order could be placed below this zone.
More info and screens
3.24
4.70
3 important support areas can be observed.
- A support zone ranging from 3.65 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.44 from a trend line in the daily time frame.
- Support @3.27 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.86 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.15 from a horizontal line in the daily time frame.
- Resistance @4.65 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CIFR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIFR is up. |
| ChartMill Relative Strength | 55.38 | NEUTRAL | CIFR is not amongst the best or worst performers 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 | POSITIVE | The current price of CIFR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CIFR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIFR has a negative trend. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for CIFR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.24 | NEGATIVE | The low ADX value for CIFR suggests a weak or negative 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)
3.68
-0.25 (-6.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.36%
1 Week-9.36%
2 Weeks7.13%
1 Month-3.41%
3 Month26.03%
6 Month-35.78%
12 Month-19.3%
2 Year28.67%
3 Year168.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%7.74%
ATR Inc5.02%
Range Today0.26
ADR(20)0.27
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.38
Mansfield-2.04
10 Day High4.22
10 Day Low3.35
20 Day High4.22
20 Day Low3.08
52 Week High7.99
52 Week Low1.86
CS1 End3.67
CR1 Start3.86
Volume & EV
DER(3)0.76%
DER(5)-0.25%
Volume21.04M
Volume Incr-6.88%
Vol(5)21.99M
Vol(50)18.35M