CYNGN INC (CYN) Technical Analysis
NASDAQ:CYN • US23257B3050
Current stock price
CYN Technical Rating and Analysis
Taking everything into account, CYN scores 0 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 95% of all other stocks performed better in the past year than CYN.
- CYN is part of the Software industry. There are 272 other stocks in this industry, of which 76% are performing better than CYN.
- 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.
- CYN has an average volume of 1786090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CYN has a been trading in the 1.45 - 2.08 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.
CYN Weekly and Daily overview Charts
CYN Setup Rating and Analysis
CYN has a poor technical rating and the quality of the setup is also only medium 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
CYN Support and Resistance Analysis
1.47
We found 2 important support areas.
- Support @1.54 from a trend line in the daily time frame.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.74 from a horizontal line in the daily time frame.
- Resistance @1.85 from a trend line in the daily time frame.
- Resistance @2.16 from a trend line in the daily time frame.
CYN 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 | DOWN | NEGATIVE | The long term trend for CYN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CYN is neutral. |
| ChartMill Relative Strength | 5.94 | NEGATIVE | CYN has a low relative strength, it was outperformed by 94.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CYN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CYN is below a declining 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) | 49.46 | NEUTRAL | The RSI value for CYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CYN has a positive trend. |
| Stochastics (14,3) | 54.76 | NEUTRAL | The Stochastics value for CYN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.28 | HIGH VOLATILITY | The high ATR as a percentage value for CYN suggests high volalility. |
| Average Directional Index/ADX (14) | 10.96 | NEGATIVE | The low ADX value for CYN suggests a weak or negative trend. |
CYN Chart- and CandleStick Pattern Analysis
CYN Technicals: Chart, Performance Metrics, Trend & Indicators
1.69
+0.15 (+9.74%)
CYNGN INC / CYN TA FAQ
What is the ChartMill technical rating of CYNGN INC (CYN) stock?
ChartMill assigns a technical rating of 0 / 10 to CYN.
What is the trend direction for CYN stock?
The current trend direction for CYNGN INC (CYN) is Bearish.
What is the RSI signal for CYN stock?
CYNGN INC (CYN) has an RSI value of 49.4591. This indicates that the stock is currently neutral.
What are the support and resistance levels for CYNGN INC (CYN) stock?
CYNGN INC (CYN) has a support level at 1.54 and a resistance level at 1.74. Check the full technical report for our detailed analysis of CYN support and resistance levels.