CURRENC GROUP INC (CURR) Technical Analysis
NASDAQ:CURR • KYG478621009
Current stock price
CURR Technical Rating and Analysis
Overall CURR gets a technical rating of 8 out of 10. Although CURR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CURR is part of the Financial Services industry. There are 98 other stocks in this industry. CURR outperforms 88% of them.
- In the last month CURR has a been trading in the 1.81 - 2.43 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CURR is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CURR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CURR is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CURR Weekly and Daily overview Charts
CURR Setup Rating and Analysis
Besides having an excellent technical rating, CURR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.34. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CURR Support and Resistance Analysis
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We found 5 important support areas.
- Support @2.20 from a trend line in the daily time frame.
- Support @2.10 from a horizontal line in the daily time frame.
- Support @1.59 from a trend line in the weekly time frame.
- Support @1.56 from a trend line in the daily time frame.
- Support @1.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.34 to 2.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
CURR 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 CURR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CURR is up. |
| ChartMill Relative Strength | 77.74 | POSITIVE | CURR has a high relative strength, it outperformed 77.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CURR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CURR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CURR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.19 | NEUTRAL | The RSI value for CURR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CURR has a positive trend. |
| Stochastics (14,3) | 78.86 | NEUTRAL | The Stochastics value for CURR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for CURR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.2 | POSITIVE | The high ADX value value for CURR suggests a strong trend. |
CURR Chart- and CandleStick Pattern Analysis
CURR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.35 | 2.19 | 0.16 (6.81%) | 14.69% |
| An entry @2.35. This is a Buy Stop order right above the resistance zone. | An exit @2.19. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 6.81%. | When investing 14.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CURR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CURR Technicals: Chart, Performance Metrics, Trend & Indicators
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CURRENC GROUP INC / CURR TA FAQ
What is the technical rating for CURR stock?
ChartMill assigns a technical rating of 8 / 10 to CURR.
What is the current trend direction of CURRENC GROUP INC (CURR) stock?
The current trend direction for CURRENC GROUP INC (CURR) is Bullish.
What is the RSI signal for CURR stock?
CURRENC GROUP INC (CURR) has an RSI value of 63.1915. This indicates that the stock is currently neutral.
What is the MACD signal for CURR stock?
The MACD indicator for CURRENC GROUP INC (CURR) has a value of 0.00416564, indicating a bearish trend.
What is the short term momentum for CURRENC GROUP INC (CURR) stock?
The short term momentum for CURRENC GROUP INC (CURR) is positive.