Colony Northstar Credit Real Estate Inc Class (CLNC) Stock Technical Analysis
NYSE:CLNC - New York Stock Exchange, Inc. -
Taking everything into account, CLNC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLNC is only an average performer.
The long and short term trends are both positive. This is looking good!
CLNC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 66 other stocks in this industry. CLNC outperforms 100% of them.
CLNC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CLNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that CLNC is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CLNC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.15, a Stop Loss order could be placed below this zone.
More info and screens
8.15
10.43
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.87 to 10.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.70 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.00 from a trend line in the weekly time frame.
- Support @8.42 from a horizontal line in the daily time frame.
- Support @8.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.33 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 | UP | POSITIVE | The long term trend for CLNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLNC is up. |
| ChartMill Relative Strength | 75.02 | POSITIVE | CLNC has a high relative strength, it outperformed 75.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.64 | NEUTRAL | The RSI value for CLNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CLNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.27 | NEUTRAL | The Stochastics value for CLNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CLNC suggests some volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.34 | 9.86 | 0.48 (4.64%) | 21.54% |
| An entry @10.34. This is a Buy Stop order right above the resistance zone. | An exit @9.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 4.64%. | For a 1.00% total portfolio risk, you can invest 21.54% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Colony Northstar Credit Real Estate Inc Class
NYSE:CLNC (6/24/2021, 8:04:00 PM)
After market: 10.32 0 (0%)10.32
+0.16 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg1.57%
1 Week2.48%
2 Weeks-1.15%
1 Month11.81%
3 Month18.48%
6 Month35.26%
12 Month55.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%2.76%
ATR Inc-33.77%
Range Today0.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.02
Mansfield2.04
10 Day High10.48
10 Day Low9.65
20 Day High10.68
20 Day Low9.32
52 Week High10.68
52 Week Low4.37
CS1 End10.15
CR1 Start10.33
Volume & EV
DER(3)0.91%
DER(5)2.46%
Volume168.00K
Volume Incr0.92%
Vol(5)333.26K
Vol(50)341.18K