Colony Northstar Credit Real Estate Inc Class (CLNC) Technical Analysis
NYSE:CLNC
Current stock price
CLNC Technical Rating and Analysis
Overall CLNC gets a technical rating of 8 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- CLNC is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 68 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 is trading in the upper part of its 52 week range, but not near new highs, so CLNC is leading 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.
- Looking at the yearly performance, CLNC did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CLNC Weekly and Daily overview Charts
CLNC Setup Rating and Analysis
CLNC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
CLNC Support and Resistance Analysis
8.15
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.
CLNC 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 | 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. |
CLNC Chart- and CandleStick Pattern Analysis
CLNC Example Setup
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 worst case loss on the trade is limited to 0.48 points, which is 4.64%. | When investing 21.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CLNC Technicals: Chart, Performance Metrics, Trend & Indicators
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%)
Colony Northstar Credit Real Estate Inc Class / CLNC TA FAQ
What is the ChartMill technical rating of Colony Northstar Credit Real Estate Inc Class (CLNC) stock?
ChartMill assigns a technical rating of 8 / 10 to CLNC.
Can you provide the trend direction for Colony Northstar Credit Real Estate Inc Class?
The current trend direction for Colony Northstar Credit Real Estate Inc Class (CLNC) is Bullish.
What is the RSI signal for Colony Northstar Credit Real Estate Inc Class (CLNC) stock?
Colony Northstar Credit Real Estate Inc Class (CLNC) has an RSI value of 63.6449. This indicates that the stock is currently neutral.
What is the MACD signal for CLNC stock?
The MACD indicator for Colony Northstar Credit Real Estate Inc Class (CLNC) has a value of -0.0252586, indicating a bearish trend.
What is the buy/sell signal for CLNC stock?
The buy/sell signal for Colony Northstar Credit Real Estate Inc Class (CLNC) is buy as both the short term and long term trends are positive.