CERENCE INC (CRNC) Stock Technical Analysis
NASDAQ:CRNC - US1567271093 - Common Stock
9.8 USD
-0.73 (-6.93%)
9.92 USD
+0.12 (+1.22%)
We assign a technical rating of 8 out of 10 to CRNC. Both in the recent history as in the last year, CRNC has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
In the last month CRNC has a been trading in the 8.35 - 13.54 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CRNC is part of the Software industry. There are 280 other stocks in this industry. CRNC outperforms 92% of them.
CRNC has an average volume of 2223070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CRNC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.79, a Stop Loss order could be placed below this zone.
More info and screens
6.77
18.61
We found 4 important support areas.
- A support zone ranging from 8.77 to 8.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.47 to 8.51. 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.
- Support @6.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.81 to 9.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.51 to 10.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.13 from a trend line in the weekly time frame.
- Resistance @12.94 from a trend line in the daily time frame.
- Resistance @18.43 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 | NEUTRAL | NEUTRAL | The short term trend for CRNC is neutral. |
| ChartMill Relative Strength | 97.15 | POSITIVE | CRNC has a high relative strength, it outperformed 97.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRNC is below the rising 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) | 46.01 | NEUTRAL | The RSI value for CRNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CRNC has a negative trend. |
| Stochastics (14,3) | 22.42 | NEUTRAL | The Stochastics value for CRNC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for CRNC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.25 | NEUTRAL | The ADX value for CRNC suggests a possible start of a new 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)
9.8
-0.73 (-6.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.93%
1 Week-6.76%
2 Weeks-14.97%
1 Month14.49%
3 Month-3.73%
6 Month-4.95%
12 Month235.62%
2 Year-51.89%
3 Year-37.78%
5 Year-79.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%8.66%
ATR Inc-25.96%
Range Today0.53
ADR(20)0.74
ADR(20)%7.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.15
Mansfield0.46
10 Day High11.5
10 Day Low9.64
20 Day High13.54
20 Day Low8.35
52 Week High27.5
52 Week Low2.37
CS1 End8.79
CR1 Start9.81
Volume & EV
DER(3)-3.84%
DER(5)-1.14%
Volume1.87M
Volume Incr-56.15%
Vol(5)1.23M
Vol(50)2.22M