CION INVESTMENT CORP (CION) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CION - US17259U2042 - Common Stock
We assign a technical rating of 1 out of 10 to CION. CION scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CION is bad and it also does not present a quality setup 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
8.92
We found 1 important support area.
- A support zone ranging from 9.01 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.69 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.12 to 10.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.81 from a horizontal line in the weekly time frame.
- Resistance @10.99 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 | NEUTRAL | NEUTRAL | The long term trend for CION is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CION is down. |
| ChartMill Relative Strength | 23.24 | NEGATIVE | CION has a low relative strength, it was outperformed by 76.76% 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) | 37.44 | NEUTRAL | The RSI value for CION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CION has a negative trend. |
| Stochastics (14,3) | 2.47 | OVERSOLD | The low Stochastics value suggests CION may be oversold. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CION suggests some volalility. |
| Average Directional Index/ADX (14) | 18.27 | NEGATIVE | The low ADX value for CION suggests a weak or negative trend. |
9.45
-0.1 (-1.05%)
CION INVESTMENT CORP / CION FAQ
What is the technical rating for CION stock?
ChartMill assigns a technical rating of 1 / 10 to CION.
What is the current trend direction of CION INVESTMENT CORP (CION) stock?
The current trend direction for CION INVESTMENT CORP (CION) is Bearish.
Can you provide the RSI signal for CION INVESTMENT CORP?
CION INVESTMENT CORP (CION) has an RSI value of 37.4413. This indicates that the stock is currently neutral.
What is the short term momentum for CION stock?
The short term momentum for CION INVESTMENT CORP (CION) is negative.
What are the support and resistance levels for CION INVESTMENT CORP (CION) stock?
CION INVESTMENT CORP (CION) has a support level at 9.26 and a resistance level at 9.69. Check the full technical report for our detailed analysis of CION support and resistance levels.