CYNGN INC (CYN) Stock Technical Analysis
NASDAQ:CYN - Nasdaq - US23257B3050 - Common Stock - Currency: USD
Overall CYN gets a technical rating of 5 out of 10. In the past year, CYN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
CYN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CYN has a been trading in the 3.94 - 41.54 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 5144720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Looking at the yearly performance, CYN did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CYN is an average performer in the Software industry, it outperforms 60% of 282 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
CYN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
3.85
15.40
2 important support areas can be observed.
- Support @9.23 from a horizontal line in the daily time frame.
- Support @3.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @15.25 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 | UP | POSITIVE | The short term trend for CYN is up. |
| ChartMill Relative Strength | 75.28 | POSITIVE | CYN has a high relative strength, it outperformed 75.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CYN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CYN is above 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) | 54.22 | NEUTRAL | The RSI value for CYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CYN has a negative trend. |
| Stochastics (14,3) | 15.67 | OVERSOLD | The low Stochastics value suggests CYN may be oversold. |
| Average True Range in percent/ATR (20) | 35.27 | HIGH VOLATILITY | The high ATR as a percentage value for CYN suggests high volalility. |
| Average Directional Index/ADX (14) | 49.25 | 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)
9.9
+0.66 (+7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg7.14%
1 Week-22.96%
2 Weeks-27.21%
1 Month115.69%
3 Month135.15%
6 Month-88.02%
12 Month-98.89%
2 Year-99.92%
3 Year-99.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.9
ATR(20)%35.27%
ATR Inc-49.23%
Range Today3.42
ADR(20)2.94
ADR(20)%29.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield-9.7
10 Day High24.68
10 Day Low8.8
20 Day High41.54
20 Day Low3.94
52 Week High1600.5
52 Week Low3.62
CS1 End9.23
CR1 Start15.25
Volume & EV
DER(3)-2.62%
DER(5)-3.95%
Volume4.16M
Volume Incr-83.02%
Vol(5)2.08M
Vol(50)5.14M