CION INVESTMENT CORP (CION) Stock Technical Analysis
NYSE:CION - New York Stock Exchange, Inc. - US17259U2042 - Common Stock - Currency: USD
Taking everything into account, CION scores 0 out of 10 in our technical rating. CION's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CION is a bad performer in the overall market: 86% of all stocks are doing better.
CION is part of the Capital Markets industry. There are 232 other stocks in this industry, of which 81% are performing better than CION.
CION 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 CION is lagging the market.
CION is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CION has a poor technical rating and the quality of the setup is also only medium 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
9.14
12.64
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.34 to 9.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.09 to 10.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.55 from a horizontal line in the daily time frame.
- Resistance @12.51 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for CION is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CION is down. |
| ChartMill Relative Strength | 14.6 | NEGATIVE | CION has a low relative strength, it was outperformed by 85.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CION is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CION is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CION is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.88 | NEUTRAL | The RSI value for CION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CION has a positive trend. |
| Stochastics (14,3) | 26.89 | NEUTRAL | The Stochastics value for CION is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CION suggests some volalility. |
| Average Directional Index/ADX (14) | 17.54 | NEGATIVE | The low ADX value for CION suggests a weak or negative 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)
9.23
+0.03 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.33%
1 Week0.55%
2 Weeks0.88%
1 Month-7.44%
3 Month-15.13%
6 Month-21.03%
12 Month-25.02%
2 Year-11.37%
3 Year5.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.31%
ATR Inc27.32%
Range Today0.14
ADR(20)0.19
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.6
Mansfield-2.16
10 Day High9.43
10 Day Low8.92
20 Day High10.04
20 Day Low8.92
52 Week High12.71
52 Week Low8.51
CS1 EndN/A
CR1 Start9.34
Volume & EV
DER(3)-7.02%
DER(5)-2.58%
Volume455.17K
Volume Incr34.07%
Vol(5)388.40K
Vol(50)364.19K