CYNGN INC (CYN) Technical Analysis
NASDAQ:CYN • US23257B3050
Current stock price
CYN Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CYN. Recently some decent action could be observed, but in the medium term time frame this is still negative. CYN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CYN is a bad performer in the overall market: 92% of all stocks are doing better.
- CYN is one of the lesser performing stocks in the Software industry. 67% of 277 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.
- CYN has an average volume of 4429960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CYN has a been trading in the 1.33 - 2.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CYN Weekly and Daily overview Charts
CYN Setup Rating and Analysis
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.
More info and screens
CYN Support and Resistance Analysis
1.55
When analyzing the support we notice one important area.
- Support @1.57 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.39 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.68 from a horizontal 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 | UP | POSITIVE | The short term trend for CYN is up. |
| ChartMill Relative Strength | 8.89 | NEGATIVE | CYN has a low relative strength, it was outperformed by 91.11% 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) | DOWN | MIXED | The current price of CYN is above 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) | 64.1 | NEUTRAL | The RSI value for CYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.27 | NEUTRAL | The Stochastics value for CYN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for CYN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.59 | POSITIVE | The high ADX value value for CYN suggests a strong trend. |
CYN Chart- and CandleStick Pattern Analysis
CYN Technicals: Chart, Performance Metrics, Trend & Indicators
2.3
-0.1 (-4.17%)
CYNGN INC / CYN TA FAQ
What is the ChartMill technical rating of CYNGN INC (CYN) stock?
ChartMill assigns a technical rating of 2 / 10 to CYN.
What is the current trend direction of CYNGN INC (CYN) stock?
The current trend direction for CYNGN INC (CYN) is Bearish.
What is the RSI signal for CYNGN INC (CYN) stock?
CYNGN INC (CYN) has an RSI value of 64.1024. This indicates that the stock is currently neutral.
What is the MACD signal for CYN stock?
The MACD indicator for CYNGN INC (CYN) has a value of 0.140054, indicating a bearish trend.
What are the support and resistance levels for CYNGN INC (CYN) stock?
CYNGN INC (CYN) has a support level at 1.57 and a resistance level at 2.41. Check the full technical report for our detailed analysis of CYN support and resistance levels.