CERENCE INC (CRNC) Stock Technical Analysis
USA - NASDAQ:CRNC - US1567271093 - Common Stock
10.73 USD
-0.16 (-1.47%)
10.93 USD
+0.2 (+1.86%)
Taking everything into account, CRNC scores 5 out of 10 in our technical rating. In the last year, CRNC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CRNC has a been trading in the 10.56 - 13.49 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.
CRNC is one of the better performing stocks in the Software industry, it outperforms 93% of 284 stocks in the same industry.
CRNC has an average volume of 1793290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, CRNC did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CRNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRNC is lagging the market.
Considerably lower volume is observed in the last couple of days.
CRNC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
8.15
18.40
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.57 to 10.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.79 from a trend line in the weekly time frame.
- A support zone ranging from 9.10 to 9.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.23 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.85 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.89 from a trend line in the daily time frame.
- Resistance @13.52 from a horizontal line in the daily time frame.
- Resistance @18.22 from a trend line in the weekly 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 CRNC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRNC is down. |
| ChartMill Relative Strength | 97.42 | POSITIVE | CRNC has a high relative strength, it outperformed 97.42% 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) | DOWN | MIXED | The current price of CRNC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.27 | NEUTRAL | The RSI value for CRNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CRNC has a negative trend. |
| Stochastics (14,3) | 9.33 | OVERSOLD | The low Stochastics value suggests CRNC may be oversold. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for CRNC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.32 | 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)
10.73
-0.16 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.47%
1 Week-7.18%
2 Weeks-4.79%
1 Month-14.5%
3 Month31.82%
6 Month11.19%
12 Month250.65%
2 Year-29.92%
3 Year-37.62%
5 Year-80.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%8.13%
ATR Inc-54.79%
Range Today0.42
ADR(20)0.84
ADR(20)%7.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.42
3 months CRS88.52
6 months CRS57.35
Mansfield-0.45
10 Day High12.15
10 Day Low10.73
20 Day High13.49
20 Day Low10.56
52 Week High27.5
52 Week Low2.8
CS1 End10.57
CR1 Start11.85
Volume & EV
DER(3)-4.94%
DER(5)-2.99%
Volume938.60K
Volume Incr-63.99%
Vol(5)749.42K
Vol(50)1.79M
CERENCE INC / CRNC FAQ
Can you provide the ChartMill technical rating for CERENCE INC?
ChartMill assigns a technical rating of 5 / 10 to CRNC.
What is the current trend direction of CERENCE INC (CRNC) stock?
The current trend direction for CERENCE INC (CRNC) is Bullish.
What is the RSI signal for CERENCE INC (CRNC) stock?
CERENCE INC (CRNC) has an RSI value of 43.2651. This indicates that the stock is currently neutral.
What is the short term momentum for CRNC stock?
The short term momentum for CERENCE INC (CRNC) is negative.
What is the buy/sell signal for CERENCE INC (CRNC) stock?
The buy/sell signal for CERENCE INC (CRNC) is hold as the short term and long term trends are mixed.