Overall CRNC gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CRNC is a bad performer.
- 79% of all other stocks performed better in the past year than CRNC.
- 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 has an average volume of 1257340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CRNC is an average performer in the Software industry, it outperforms 67% of 278 stocks in the same industry.
- 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.
- In the last month CRNC has a been trading in the 10.57 - 12.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CRNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.55. Right above this resistance zone may be a good entry point.
More info and screens
7.96
We found 6 important support areas.
- A support zone ranging from 11.25 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.03 to 11.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.68 to 10.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.35 from a trend line in the weekly time frame.
- Support @8.82 from a trend line in the weekly time frame.
- Support @8.04 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.55 to 12.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.30 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 | 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 | 21.42 | NEGATIVE | CRNC has a low relative strength, it was outperformed by 78.58% 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 | 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) | 48 | NEUTRAL | The RSI value for CRNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CRNC has a negative trend. |
| Stochastics (14,3) | 30.15 | NEUTRAL | The Stochastics value for CRNC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for CRNC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.88 | NEGATIVE | The low ADX value for CRNC suggests a weak or negative trend. |
11.36
-0.13 (-1.13%)
CERENCE INC / CRNC FAQ
Can you provide the ChartMill technical rating for CERENCE INC?
ChartMill assigns a technical rating of 6 / 10 to CRNC.
What is the trend direction for CRNC stock?
The current trend direction for CERENCE INC (CRNC) is Bullish.
What is the RSI signal for CRNC stock?
CERENCE INC (CRNC) has an RSI value of 48.0037. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CERENCE INC?
CERENCE INC (CRNC) has a support level at 11.3 and a resistance level at 12.55. Check the full technical report for our detailed analysis of CRNC support and resistance levels.