CYNGN INC (CYN) Stock Technical Analysis
NASDAQ:CYN - Nasdaq - US23257B3050 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CYN. CYN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CYN is a bad performer in the overall market: 94% of all stocks are doing better.
CYN is one of the lesser performing stocks in the Software industry. 83% of 281 stocks in the same industry do better.
CYN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CYN is lagging the market.
In the last month CYN has a been trading in the 6.65 - 12.98 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.
CYN has an average volume of 5339090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of CYN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.85
7.13
When analyzing the support we can see 2 important areas.
- Support @4.07 from a trend line in the daily time frame.
- Support @3.89 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @7.06 from a trend 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 | DOWN | NEGATIVE | The long term trend for CYN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CYN is down. |
| ChartMill Relative Strength | 6.56 | NEGATIVE | CYN has a low relative strength, it was outperformed by 93.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CYN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CYN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CYN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.19 | NEUTRAL | The RSI value for CYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests CYN has a negative trend. |
| Stochastics (14,3) | 1.7 | OVERSOLD | The low Stochastics value suggests CYN may be oversold. |
| Average True Range in percent/ATR (20) | 14.1 | HIGH VOLATILITY | The high ATR as a percentage value for CYN suggests high volalility. |
| Average Directional Index/ADX (14) | 47.43 | POSITIVE | The high ADX value value for CYN suggests a strong 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)
6.7
-0.61 (-8.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-8.34%
1 Week-24.63%
2 Weeks-22.18%
1 Month-47.86%
3 Month32.15%
6 Month-83.46%
12 Month-99.1%
2 Year-99.91%
3 Year-99.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%14.1%
ATR Inc-38.44%
Range Today0.44
ADR(20)0.9
ADR(20)%13.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.56
Mansfield-9.75
10 Day High10.04
10 Day Low6.65
20 Day High12.98
20 Day Low6.65
52 Week High1312.5
52 Week Low3.62
CS1 End4.07
CR1 Start7.06
Volume & EV
DER(3)-2.93%
DER(5)-9.03%
Volume380.95K
Volume Incr-93.85%
Vol(5)380.02K
Vol(50)5.34M