CERENCE INC (CRNC) Stock Technical Analysis
NASDAQ:CRNC • US1567271093
We assign a technical rating of 0 out of 10 to CRNC. CRNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than CRNC.
- CRNC 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.
- CRNC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- CRNC has an average volume of 1030980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CRNC is part of the Software industry. There are 275 other stocks in this industry, CRNC did better than 45% of them.
CRNC has a poor technical rating and the quality of the setup is also only medium 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
7.68
When analyzing the support we notice one important area.
- A support zone ranging from 7.76 to 7.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @7.92 from a horizontal line in the daily time frame.
- Resistance @12.27 from a trend line in the daily time frame.
- A resistance zone ranging from 12.55 to 12.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.95 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 | DOWN | NEGATIVE | The long term trend for CRNC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRNC is down. |
| ChartMill Relative Strength | 11.45 | NEGATIVE | CRNC has a low relative strength, it was outperformed by 88.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRNC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRNC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.86 | NEUTRAL | The RSI value for CRNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CRNC has a positive trend. |
| Stochastics (14,3) | 48.26 | NEUTRAL | The Stochastics value for CRNC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.78 | HIGH VOLATILITY | The high ATR as a percentage value for CRNC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.55 | POSITIVE | The high ADX value value for CRNC suggests a strong trend. |
7.91
+0.04 (+0.51%)
CERENCE INC / CRNC FAQ
Can you provide the ChartMill technical rating for CERENCE INC?
ChartMill assigns a technical rating of 0 / 10 to CRNC.
What is the trend direction for CRNC stock?
The current trend direction for CERENCE INC (CRNC) is Bearish.
What is the RSI signal for CRNC stock?
CERENCE INC (CRNC) has an RSI value of 36.8599. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CERENCE INC?
The buy/sell signal for CERENCE INC (CRNC) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CERENCE INC?
CERENCE INC (CRNC) has a support level at 7.89 and a resistance level at 7.92. Check the full technical report for our detailed analysis of CRNC support and resistance levels.