Technical Analysis for CRNC - Cerence Inc.

Grade Last Price % Change Price Change
F 3.44 -3.91% -0.14
CRNC closed down 3.91 percent on Friday, May 31, 2024, on 1.74 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -3.91%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.91%
Inside Day Range Contraction -3.91%
Wide Bands Range Expansion -3.91%
Oversold Stochastic Weakness -3.91%
MACD Bullish Signal Line Cross Bullish -11.79%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown 1 day ago
Possible NR7 1 day ago
Down 3% 1 day ago
Down 2 % 1 day ago
Down 1% 1 day ago

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Profile

Cerence Inc. provides A.I. powered assistants and innovations for connected and autonomous vehicles. It offers edge software components; cloud connected components; toolkits; applications; and virtual assistant coexistence and professional services. The company also provides conversational artificial intelligence, including voice recognition, natural language understanding, and artificial intelligence services. The company is headquartered in Burlington, Massachusetts.
Classification

Sector: Technology
Industry: Software - Application
Keywords: Artificial Intelligence Cloud Computing Cognition Cybernetics Computational Neuroscience Artificial Intelligence Services Software Components Virtual Assistant Voice Recognition

Is CRNC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 36.79
52 Week Low 3.16
Average Volume 1,338,502
200-Day Moving Average 16.32
50-Day Moving Average 9.63
20-Day Moving Average 5.40
10-Day Moving Average 3.74
Average True Range 0.63
RSI (14) 23.08
ADX 54.89
+DI 14.29
-DI 41.95
Chandelier Exit (Long, 3 ATRs) 8.48
Chandelier Exit (Short, 3 ATRs) 5.04
Upper Bollinger Bands 10.06
Lower Bollinger Band 0.75
Percent B (%b) 0.29
BandWidth 172.09
MACD Line -1.82
MACD Signal Line -1.93
MACD Histogram 0.1107
Fundamentals Value
Market Cap 143.36 Million
Num Shares 41.7 Million
EPS -0.82
Price-to-Earnings (P/E) Ratio -4.20
Price-to-Sales 1.99
Price-to-Book 0.95
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.70
Resistance 3 (R3) 3.72 3.66 3.65
Resistance 2 (R2) 3.66 3.60 3.65 3.64
Resistance 1 (R1) 3.55 3.55 3.52 3.53 3.62
Pivot Point 3.49 3.49 3.48 3.48 3.49
Support 1 (S1) 3.38 3.43 3.35 3.36 3.26
Support 2 (S2) 3.32 3.38 3.31 3.24
Support 3 (S3) 3.21 3.32 3.23
Support 4 (S4) 3.19