GRYPHON DIGITAL MINING INC (GRYP) Stock Technical Analysis
NASDAQ:GRYP - Nasdaq - US4005101039 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GRYP. In the last year, GRYP was one of the better performers, but we do observe some doubts in the very recent evolution.
GRYP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GRYP is lagging the market.
In the last month GRYP has a been trading in the 0.91 - 1.54 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
GRYP is one of the better performing stocks in the Software industry, it outperforms 97% of 284 stocks in the same industry.
GRYP has an average volume of 15142100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GRYP is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Although GRYP has an excellent technical rating, the quality of the presented setup is 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
0.93
1.38
We found 1 important resistance area.
- Resistance @1.37 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for GRYP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GRYP is neutral. |
| ChartMill Relative Strength | 98.82 | POSITIVE | GRYP has a high relative strength, it outperformed 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRYP is below a declining 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) | 48.37 | NEUTRAL | The RSI value for GRYP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GRYP has a negative trend. |
| Stochastics (14,3) | 20.39 | NEUTRAL | The Stochastics value for GRYP is a neutral value. |
| Average True Range in percent/ATR (20) | 19.54 | HIGH VOLATILITY | The high ATR as a percentage value for GRYP suggests high volalility. |
| Average Directional Index/ADX (14) | 50.32 | POSITIVE | The high ADX value value for GRYP 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)
0.9383
-0.09 (-8.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-8.9%
1 Week-15.47%
2 Weeks-21.81%
1 Month-12.31%
3 Month353.29%
6 Month69.19%
12 Month-27.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%19.54%
ATR Inc-37.8%
Range Today0.1
ADR(20)0.17
ADR(20)%18.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.82
Mansfield4.75
10 Day High1.28
10 Day Low0.91
20 Day High1.54
20 Day Low0.91
52 Week High2.93
52 Week Low0.13
CS1 EndN/A
CR1 Start1.37
Volume & EV
DER(3)-6.92%
DER(5)-5.28%
Volume4.82M
Volume Incr-86.23%
Vol(5)4.84M
Vol(50)15.14M