CERENCE INC (CRNC) Stock Technical Analysis
NASDAQ:CRNC - Nasdaq - US1567271093 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CRNC. Although CRNC 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.
CRNC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRNC is lagging the market.
In the last month CRNC has a been trading in the 8.03 - 10.77 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CRNC is part of the Software industry. There are 284 other stocks in this industry. CRNC outperforms 93% of them.
CRNC has an average volume of 1170500 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.
When comparing the yearly performance of all stocks, we notice that CRNC is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CRNC has an average technical rating and it also does not offer a high quality setup 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
6.77
10.42
We found 3 important support areas.
- Support @8.42 from a horizontal line in the weekly time frame.
- Support @8.22 from a horizontal line in the daily time frame.
- Support @6.84 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.44 to 8.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.70 from a trend line in the daily time frame.
- Resistance @10.06 from a horizontal line in the daily time frame.
- Resistance @10.32 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 CRNC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRNC is neutral. |
| ChartMill Relative Strength | 97.12 | POSITIVE | CRNC has a high relative strength, it outperformed 97.12% 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) | UP | MIXED | The current price of CRNC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.7 | NEUTRAL | The RSI value for CRNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CRNC has a negative trend. |
| Stochastics (14,3) | 35.03 | NEUTRAL | The Stochastics value for CRNC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for CRNC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for CRNC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.43
-0.56 (-6.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.23%
1 Week-17.19%
2 Weeks-0.94%
1 Month-9.35%
3 Month-13.45%
6 Month14.54%
12 Month182.89%
2 Year-71.16%
3 Year-66.59%
5 Year-79.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%8.39%
ATR Inc-2.44%
Range Today0.38
ADR(20)0.63
ADR(20)%7.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.12
Mansfield1.46
10 Day High10.77
10 Day Low8.15
20 Day High10.77
20 Day Low8.03
52 Week High27.5
52 Week Low2.34
CS1 End8.42
CR1 Start8.44
Volume & EV
DER(3)-1.72%
DER(5)-1.02%
Volume1.35M
Volume Incr27.53%
Vol(5)1.59M
Vol(50)1.17M