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Stock Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Cerence Inc. (NASDAQ:CRNC)

Strong Downtrend (-100) - CRNC is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CRNC continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CRNC?

MarketClub looks at technical strength and momentum to determine if the timing is right for CRNC.

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Open High Low CRNC Price Change
4.130 4.160 3.565 3.636 -0.494
Entry Signal

MarketClub’s Trade Triangles for CRNC

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 14.47

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 14.09

short term down The short-term trend has been DOWN since May 8th, 2024 at 9.41

Smart Scan Analysis for CRNC

Based on our trend formula, CRNC is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CRNC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.130 4.160 3.565 3.636 -0.494
Prev. Close Volume Bid Ask Time
4.130 1094819 2024-05-23 12:04:10
52wk High36.7952wk High Date2023-06-20
52wk Low3.5652wk Low Date2024-05-21
Average Volume2,064,747Shares Outstanding41,777
P/E Ratio-3.08020000
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