CIPHER MINING INC (CIFR) Stock Technical Analysis
NASDAQ:CIFR • US17253J1060
Taking everything into account, CIFR scores 6 out of 10 in our technical rating. Although CIFR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, CIFR did better than 98% 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 part of the Software industry. There are 274 other stocks in this industry. CIFR outperforms 97% of them.
- CIFR has an average volume of 30927800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month CIFR has a been trading in the 12.63 - 19.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CIFR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.40, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.93
5 important support areas can be observed.
- A support zone ranging from 15.97 to 16.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.65 to 14.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.48 from a trend line in the daily time frame.
- Support @12.86 from a trend line in the daily time frame.
- Support @9.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @17.13 from a trend line in the daily time frame.
- Resistance @17.67 from a trend line in the weekly time frame.
- Resistance @18.35 from a trend line in the daily time frame.
- A resistance zone ranging from 18.80 to 18.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CIFR is neutral. |
| ChartMill Relative Strength | 98.29 | POSITIVE | CIFR has a high relative strength, it outperformed 98.29% 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) | 53.92 | NEUTRAL | The RSI value for CIFR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CIFR has a positive trend. |
| Stochastics (14,3) | 56.87 | NEUTRAL | The Stochastics value for CIFR is a neutral value. |
| Average True Range in percent/ATR (20) | 10.9 | HIGH VOLATILITY | The high ATR as a percentage value for CIFR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.91 | NEGATIVE | The low ADX value for CIFR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.14 | 15.96 | 1.18 (6.88%) | 14.53% |
| An entry @17.14. This is a Buy Stop order right above the resistance zone. | An exit @15.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 6.88%. | When investing 14.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CIFR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.12
+1.9 (+12.48%)
CIPHER MINING INC / CIFR FAQ
What is the ChartMill technical rating of CIPHER MINING INC (CIFR) stock?
ChartMill assigns a technical rating of 6 / 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 Bearish.
What is the RSI signal for CIFR stock?
CIPHER MINING INC (CIFR) has an RSI value of 53.9155. 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 neutral.
What is the support and resistance level for CIFR stock?
CIPHER MINING INC (CIFR) has a support level at 16.4 and a resistance level at 17.13. Check the full technical report for our detailed analysis of CIFR support and resistance levels.