CION INVESTMENT CORP (CION) Technical Analysis
NYSE:CION • US17259U2042
Current stock price
CION Technical Rating and Analysis
Taking everything into account, CION scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CION was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CION is a bad performer in the overall market: 87% of all stocks are doing better.
- CION is one of the lesser performing stocks in the Capital Markets industry. 73% of 240 stocks in the same industry do better.
- CION is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CION has a been trading in the 6.60 - 7.83 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CION Weekly and Daily overview Charts
CION Setup Rating and Analysis
The technical rating of CION is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CION Support and Resistance Analysis
6.84
We found 1 important support area.
- Support @6.91 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 7.76 to 7.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.14 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.46 to 9.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.12 from a horizontal line in the daily time frame.
- Resistance @12.51 from a horizontal line in the weekly time frame.
CION 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 | DOWN | NEGATIVE | The long term trend for CION is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CION is up. |
| ChartMill Relative Strength | 13.88 | NEGATIVE | CION has a low relative strength, it was outperformed by 86.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CION is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CION is above 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) | 62.29 | NEUTRAL | The RSI value for CION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CION has a positive trend. |
| Stochastics (14,3) | 92.29 | OVERBOUGHT | The high Stochastics value suggests CION may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CION suggests some volalility. |
| Average Directional Index/ADX (14) | 32.98 | POSITIVE | The high ADX value value for CION suggests a strong trend. |
CION Chart- and CandleStick Pattern Analysis
CION Technicals: Chart, Performance Metrics, Trend & Indicators
7.75
+0.22 (+2.92%)
CION INVESTMENT CORP / CION TA FAQ
What is the technical rating for CION stock?
ChartMill assigns a technical rating of 2 / 10 to CION.
Can you provide the trend direction for CION INVESTMENT CORP?
The current trend direction for CION INVESTMENT CORP (CION) is Bearish.
What is the RSI signal for CION stock?
CION INVESTMENT CORP (CION) has an RSI value of 62.2915. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CION INVESTMENT CORP?
The MACD indicator for CION INVESTMENT CORP (CION) has a value of 0.145872, indicating a bearish trend.
Can you provide the support and resistance levels for CION INVESTMENT CORP?
CION INVESTMENT CORP (CION) has a support level at 6.91 and a resistance level at 7.76. Check the full technical report for our detailed analysis of CION support and resistance levels.