GRYP Technical Analysis - GRYPHON DIGITAL MINING INC

Technical Rating and Analysis

Overall GRYP gets a technical rating of 9 out of 10. 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.

The long and short term trends are both positive. This is looking good!

GRYP is one of the better performing stocks in the Software industry, it outperforms 91% of 279 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GRYPHON DIGITAL MINING INC / GRYP Weekly stock chart

GRYPHON DIGITAL MINING INC / GRYP Daily stock chart

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.17

1.57

When analyzing the support we can see 3 important areas.

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.

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What is Support and Resistance

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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.