CION INVESTMENT CORP (CION) Stock Technical Analysis
USA - NYSE:CION - US17259U2042 - Common Stock
10.11 USD
-0.01 (-0.1%)
10.11 USD
0 (0%)
We assign a technical rating of 1 out of 10 to CION. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
77% of all other stocks performed better in the past year than CION.
CION is part of the Capital Markets industry. There are 237 other stocks in this industry, of which 68% are performing better than CION.
CION is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CION is lagging the market.
In the last month CION has a been trading in the 9.73 - 10.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
9.34
12.64
We found 2 important support areas.
- A support zone ranging from 9.64 to 9.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.16 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.59 to 10.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.81 to 10.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CION is neutral. |
| ChartMill Relative Strength | 23.72 | NEGATIVE | CION has a low relative strength, it was outperformed by 76.28% 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) | UP | MIXED | The current price of CION is below the rising 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) | 47.8 | NEUTRAL | The RSI value for CION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CION has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.06 | NEUTRAL | The Stochastics value for CION is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for CION suggests low volalility. |
| Average Directional Index/ADX (14) | 19.64 | 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)
10.11
-0.01 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.1%
1 Week1.81%
2 Weeks-1.37%
1 Month-4.35%
3 Month9.3%
6 Month-6.73%
12 Month-15.75%
2 Year-4.35%
3 Year18.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%1.92%
ATR Inc8.88%
Range Today0.17
ADR(20)0.17
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.72
Mansfield-1.61
10 Day High10.27
10 Day Low9.73
20 Day High10.93
20 Day Low9.73
52 Week High12.71
52 Week Low8.51
CS1 End9.71
CR1 Start10.16
Volume & EV
DER(3)5.59%
DER(5)4.21%
Volume549.50K
Volume Incr47.05%
Vol(5)399.92K
Vol(50)280.32K