CYNGN INC (CYN) Stock Technical Analysis
USA - NASDAQ:CYN - US23257B3050 - Common Stock
Taking everything into account, CYN scores 0 out of 10 in our technical rating. CYN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CYN is bad and it also does not present a quality setup 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.
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3.85
When analyzing the support we can see 4 important areas.
- Support @4.75 from a horizontal line in the weekly time frame.
- Support @4.54 from a horizontal line in the daily time frame.
- A support zone ranging from 4.19 to 4.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.77 to 4.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.15 to 5.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.79 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 | 1.49 | NEGATIVE | CYN has a low relative strength, it was outperformed by 98.51% 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) | 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) | 41.05 | NEUTRAL | The RSI value for CYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CYN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.06 | OVERSOLD | The low Stochastics value suggests CYN may be oversold. |
| Average True Range in percent/ATR (20) | 9.06 | HIGH VOLATILITY | The high ATR as a percentage value for CYN suggests high volalility. |
| Average Directional Index/ADX (14) | 11.65 | NEGATIVE | The low ADX value for CYN suggests a weak or negative trend. |
4.76
+0.21 (+4.62%)
CYNGN INC / CYN FAQ
What is the ChartMill technical rating of CYNGN INC (CYN) stock?
ChartMill assigns a technical rating of 0 / 10 to CYN.
Can you provide the trend direction for CYNGN INC?
The current trend direction for CYNGN INC (CYN) is Bearish.
Can you provide the RSI signal for CYNGN INC?
CYNGN INC (CYN) has an RSI value of 41.0526. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CYNGN INC?
The buy/sell signal for CYNGN INC (CYN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CYN stock?
CYNGN INC (CYN) has a support level at 4.75 and a resistance level at 4.77. Check the full technical report for our detailed analysis of CYN support and resistance levels.