CION INVESTMENT CORP (CION) Stock Technical Analysis
NYSE:CION • US17259U2042
We assign a technical rating of 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 87% 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 75% are performing better than CION.
- CION is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month CION has a been trading in the 8.41 - 9.45 range, which is quite wide. It is currently trading near the lows of this range.
CION has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
8.45
We can see 3 important resistance areas.
- A resistance zone ranging from 9.61 to 9.80. 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.
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 | 13.98 | NEGATIVE | CION has a low relative strength, it was outperformed by 86.02% 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) | 29.15 | OVERSOLD | The low RSI value suggests CION may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CION has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.55 | OVERSOLD | The low Stochastics value suggests CION may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CION suggests some volalility. |
| Average Directional Index/ADX (14) | 46.59 | POSITIVE | The high ADX value value for CION suggests a strong trend. |
8.54
-0.04 (-0.47%)
CION INVESTMENT CORP / CION FAQ
What is the technical rating for CION stock?
ChartMill assigns a technical rating of 0 / 10 to CION.
Can you provide the trend direction for CION INVESTMENT CORP?
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 29.148. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CION INVESTMENT CORP?
The MACD indicator for CION INVESTMENT CORP (CION) has a value of -0.0185406, indicating a bearish trend.
Can you provide the short term momentum for CION INVESTMENT CORP?
The short term momentum for CION INVESTMENT CORP (CION) is negative.