CRNC Technical Analysis - CERENCE INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to CRNC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRNC is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, CRNC did better than 97% of all other stocks.

CRNC is part of the Software industry. There are 279 other stocks in this industry. CRNC outperforms 93% of them.

In the last month CRNC has a been trading in the 9.03 - 12.86 range, which is quite wide. It is currently trading near the high of this range.

CRNC has an average volume of 2141580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CRNC has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.77

18.53

5 important support areas can be observed.

Support @9.73 from a trend line in the daily time frame.
Support @9.15 from a trend line in the weekly time frame.
A support zone ranging from 8.70 to 8.73. 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.

3 important resistance areas can be observed.

Resistance @12.50 from a horizontal line in the weekly time frame.
Resistance @12.86 from a trend line in the daily time frame.
Resistance @18.35 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for CRNC is up.
ChartMill Relative Strength	97.86	POSITIVE	CRNC has a high relative strength, it outperformed 97.86% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CRNC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CRNC is above 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)	60.92	NEUTRAL	The RSI value for CRNC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests CRNC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.66	OVERBOUGHT	The high Stochastics value suggests CRNC may be overbought.
Average True Range in percent/ATR (20)	6.11	HIGH VOLATILITY	The high ATR as a percentage value for CRNC suggests high volalility.
Average Directional Index/ADX (14)	25.21	POSITIVE	The high ADX value value for CRNC suggests a strong trend.