GRYPHON DIGITAL MINING INC (GRYP) Technical Analysis
NASDAQ:GRYP • US4005101039
Current stock price
GRYP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to GRYP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRYP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- GRYP is one of the better performing stocks in the Software industry, it outperforms 97% of 272 stocks in the same industry.
- GRYP has an average volume of 9521430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GRYP did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- GRYP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRYP is lagging the market.
- In the last month GRYP has a been trading in the 1.09 - 1.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
GRYP Weekly and Daily overview Charts
GRYP Setup Rating and Analysis
Besides having an excellent technical rating, GRYP also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
GRYP Support and Resistance Analysis
1.17
3 important support areas can be observed.
- Support @1.24 from a trend line in the daily time frame.
- A support zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.18 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.55 from a horizontal line in the weekly time frame.
GRYP 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 | UP | POSITIVE | The long term trend for GRYP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRYP is up. |
| ChartMill Relative Strength | 96.95 | POSITIVE | GRYP has a high relative strength, it outperformed 96.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRYP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRYP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRYP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.04 | NEUTRAL | The RSI value for GRYP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GRYP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.32 | NEUTRAL | The Stochastics value for GRYP is a neutral value. |
| Average True Range in percent/ATR (20) | 12.03 | HIGH VOLATILITY | The high ATR as a percentage value for GRYP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for GRYP suggests a strong trend. |
GRYP Chart- and CandleStick Pattern Analysis
GRYP Technicals: Chart, Performance Metrics, Trend & Indicators
1.38
-0.16 (-10.39%)
GRYPHON DIGITAL MINING INC / GRYP TA FAQ
What is the technical rating for GRYP stock?
ChartMill assigns a technical rating of 9 / 10 to GRYP.
What is the current trend direction of GRYPHON DIGITAL MINING INC (GRYP) stock?
The current trend direction for GRYPHON DIGITAL MINING INC (GRYP) is Bullish.
What is the RSI signal for GRYP stock?
GRYPHON DIGITAL MINING INC (GRYP) has an RSI value of 53.042. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRYPHON DIGITAL MINING INC?
The MACD indicator for GRYPHON DIGITAL MINING INC (GRYP) has a value of 0.0204944, indicating a bearish trend.
Can you provide the buy/sell signal for GRYPHON DIGITAL MINING INC?
The buy/sell signal for GRYPHON DIGITAL MINING INC (GRYP) is buy as both the short term and long term trends are positive.