CINER RESOURCES LP (CINR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CINR -
We assign a technical rating of 10 out of 10 to CINR. Both in the recent history as in the last year, CINR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: CINR has an average volume of 19897 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CINR is one of the better performing stocks in the market, outperforming 95% of all stocks.
- CINR is one of the better performing stocks in the Chemicals industry, it outperforms 96% of 83 stocks in the same industry.
- CINR 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 CINR is lagging the market slightly.
- In the last month CINR has a been trading in the 19.34 - 22.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CINR has an excellent technical rating, it does not present a decent entry opportunity 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
12.12
6 important support areas can be observed.
- Support @19.65 from a horizontal line in the daily time frame.
- Support @17.55 from a trend line in the weekly time frame.
- Support @16.93 from a trend line in the daily time frame.
- Support @16.17 from a horizontal line in the daily time frame.
- Support @13.78 from a trend line in the weekly time frame.
- Support @12.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.55 to 20.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.15 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 CINR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CINR is up. |
| ChartMill Relative Strength | 95.31 | POSITIVE | CINR has a high relative strength, it outperformed 95.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CINR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CINR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CINR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.46 | NEUTRAL | The RSI value for CINR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CINR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.7 | NEUTRAL | The Stochastics value for CINR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for CINR suggests some volalility. |
NYSE:CINR (2/28/2022, 8:04:28 PM)
20.31
-0.03 (-0.15%)
CINER RESOURCES LP / CINR FAQ
What is the technical rating for CINR stock?
ChartMill assigns a technical rating of 9 / 10 to CINR.
Can you provide the trend direction for CINER RESOURCES LP?
The current trend direction for CINER RESOURCES LP (CINR) is Bullish.
What is the RSI signal for CINER RESOURCES LP (CINR) stock?
CINER RESOURCES LP (CINR) has an RSI value of 54.4587. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CINER RESOURCES LP?
The MACD indicator for CINER RESOURCES LP (CINR) has a value of -0.267131, indicating a bearish trend.
What is the short term momentum for CINR stock?
The short term momentum for CINER RESOURCES LP (CINR) is positive.