CERENCE INC (CRNC) Stock Technical Analysis
NASDAQ:CRNC - Nasdaq - US1567271093 - Common Stock - Currency: USD
Taking everything into account, CRNC scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
CRNC is part of the Software industry. There are 283 other stocks in this industry. CRNC outperforms 78% of them.
CRNC has an average volume of 8386900 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 CRNC is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CRNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRNC is lagging the market.
In the last month CRNC has a been trading in the 11.23 - 16.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CRNC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
11.25
19.34
2 important support areas can be observed.
- Support @12.45 from a horizontal line in the weekly time frame.
- Support @11.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @15.22 from a trend line in the daily time frame.
- Resistance @17.97 from a trend line in the weekly time frame.
- Resistance @19.15 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.73
Mansfield5.9
10 Day High16.74
10 Day Low12.24
20 Day High16.74
20 Day Low11.23
52 Week High27.5
52 Week Low2.34
Performance
1 Week-13.57%
2 Weeks-1.49%
1 Month-10.48%
3 Month74.31%
6 Month247.65%
12 Month-11.31%
2 Year-54.16%
3 Year-65.25%
5 Year-42.19%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.24
RSI(14)46.65
LBB11.2
UBB16.12
12.55
-0.91 (-6.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.76%
1 Week-13.57%
2 Weeks-1.49%
1 Month-10.48%
3 Month74.31%
6 Month247.65%
12 Month-11.31%
2 Year-54.16%
3 Year-65.25%
5 Year-42.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%11.04%
ATR Inc-24.83%
Range Today1.17
ADR(20)1.33
ADR(20)%10.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.73
Mansfield5.9
10 Day High16.74
10 Day Low12.24
20 Day High16.74
20 Day Low11.23
52 Week High27.5
52 Week Low2.34
CS1 End12.45
CR1 Start15.22
Volume & EV
DER(3)-2.27%
DER(5)-1.53%
Volume2.04M
Volume Incr-58.05%
Vol(5)1.95M
Vol(50)8.39M