CIPHER MINING INC (CIFRW) Stock Technical Analysis
NASDAQ:CIFRW
We assign a technical rating of 2 out of 10 to CIFRW. Although CIFRW 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.
- CIFRW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CIFRW has a been trading in the 3.69 - 5.66 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, CIFRW did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CIFRW has a poor technical rating and the quality of the setup is also not perfect 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
3.79
2 important support areas can be observed.
- A support zone ranging from 4.05 to 4.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.83 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.37 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 | NEUTRAL | NEUTRAL | The long term trend for CIFRW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIFRW is down. |
| ChartMill Relative Strength | 97.39 | POSITIVE | CIFRW has a high relative strength, it outperformed 97.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIFRW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIFRW is below a declining 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) | 40.34 | NEUTRAL | The RSI value for CIFRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CIFRW has a positive trend. |
| Stochastics (14,3) | 28.49 | NEUTRAL | The Stochastics value for CIFRW is a neutral value. |
| Average True Range in percent/ATR (20) | 10.17 | HIGH VOLATILITY | The high ATR as a percentage value for CIFRW suggests high volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for CIFRW suggests a weak or negative trend. |
4.09
-0.21 (-4.88%)
CIPHER MINING INC / CIFRW FAQ
What is the technical rating for CIFRW stock?
ChartMill assigns a technical rating of 2 / 10 to CIFRW.
Can you provide the trend direction for CIPHER MINING INC?
The current trend direction for CIPHER MINING INC (CIFRW) is Bearish.
What is the RSI signal for CIFRW stock?
CIPHER MINING INC (CIFRW) has an RSI value of 40.3356. This indicates that the stock is currently neutral.
What is the short term momentum for CIFRW stock?
The short term momentum for CIPHER MINING INC (CIFRW) is negative.