Overall CURR gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, CURR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.34, a Stop Loss order could be placed below this zone.
More info and screens
1.32
5 important support areas can be observed.
- A support zone ranging from 2.33 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.04 from a trend line in the daily time frame.
- Support @1.77 from a trend line in the daily time frame.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.33 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 CURR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CURR is down. |
| ChartMill Relative Strength | 93.09 | POSITIVE | CURR has a high relative strength, it outperformed 93.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CURR is below a declining 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) | 45.14 | NEUTRAL | The RSI value for CURR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CURR has a negative trend. |
| Stochastics (14,3) | 25.21 | NEUTRAL | The Stochastics value for CURR is a neutral value. |
| Average True Range in percent/ATR (20) | 15.23 | HIGH VOLATILITY | The high ATR as a percentage value for CURR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for CURR suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 2.56 | 2.32 | 0.24 (9.52%) | 10.51% |
| An entry @2.56. This is a Buy Stop order right above the 10 day moving average. | An exit @2.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 9.52%. | When investing 10.51% 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.
2.35
-0.13 (-5.24%)
CURRENC GROUP INC / CURR FAQ
What is the technical rating for CURR stock?
ChartMill assigns a technical rating of 6 / 10 to CURR.
Can you provide the trend direction for CURRENC GROUP INC?
The current trend direction for CURRENC GROUP INC (CURR) is Bullish.
What is the RSI signal for CURRENC GROUP INC (CURR) stock?
CURRENC GROUP INC (CURR) has an RSI value of 45.1441. This indicates that the stock is currently neutral.
What is the MACD signal for CURRENC GROUP INC (CURR) stock?
The MACD indicator for CURRENC GROUP INC (CURR) has a value of -0.0797151, indicating a bearish trend.
Can you provide the short term momentum for CURRENC GROUP INC?
The short term momentum for CURRENC GROUP INC (CURR) is negative.