GOOD WORKS ACQUISITIO -CW25 (CIFRW) Stock Technical Analysis
USA - NASDAQ:CIFRW -
Overall CIFRW gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIFRW is showing a nice and steady performance.
Besides having an excellent technical rating, CIFRW also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CIFRW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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6.52
We found 2 important support areas.
- Support @7.97 from a trend line in the daily time frame.
- Support @6.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @11.19 from a horizontal line 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 CIFRW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIFRW is up. |
| ChartMill Relative Strength | 99.7 | POSITIVE | CIFRW has a high relative strength, it outperformed 99.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIFRW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIFRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIFRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.51 | NEUTRAL | The RSI value for CIFRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CIFRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.34 | NEUTRAL | The Stochastics value for CIFRW is a neutral value. |
| Average True Range in percent/ATR (20) | 16.36 | HIGH VOLATILITY | The high ATR as a percentage value for CIFRW suggests high volalility. |
| Average Directional Index/ADX (14) | 39.39 | POSITIVE | The high ADX value value for CIFRW suggests a strong 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 |
|---|---|---|---|
| 11.20 | 7.96 | 3.24 (28.93%) | 3.46% |
| An entry @11.20. This is a Buy Stop order right above the resistance zone. | An exit @7.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.24 points, which is 28.93%. | When investing 3.46% 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 CIFRW. 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.
10.91
-0.09 (-0.82%)
GOOD WORKS ACQUISITIO -CW25 / CIFRW FAQ
What is the technical rating for CIFRW stock?
ChartMill assigns a technical rating of 9 / 10 to CIFRW.
What is the trend direction for CIFRW stock?
The current trend direction for GOOD WORKS ACQUISITIO -CW25 (CIFRW) is Bullish.
What is the RSI signal for GOOD WORKS ACQUISITIO -CW25 (CIFRW) stock?
GOOD WORKS ACQUISITIO -CW25 (CIFRW) has an RSI value of 63.508. This indicates that the stock is currently neutral.
What is the short term momentum for GOOD WORKS ACQUISITIO -CW25 (CIFRW) stock?
The short term momentum for GOOD WORKS ACQUISITIO -CW25 (CIFRW) is positive.
Can you provide the support and resistance levels for GOOD WORKS ACQUISITIO -CW25?
GOOD WORKS ACQUISITIO -CW25 (CIFRW) has a support level at 7.97 and a resistance level at 11.19. Check the full technical report for our detailed analysis of CIFRW support and resistance levels.