VANECK CLO ETF (CLOI) Stock Technical Analysis
USA - NYSEARCA:CLOI - US92189H7483 - ETF
Taking everything into account, CLOI scores 4 out of 10 in our technical rating. CLOI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, CLOI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 52.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.94, a Stop Loss order could be placed below this zone.
More info and screens
50.64
We found 2 important support areas.
- A support zone ranging from 52.33 to 52.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.15 to 51.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.95 to 53.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 CLOI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLOI is neutral. |
| ChartMill Relative Strength | 40.01 | NEUTRAL | CLOI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLOI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CLOI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLOI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.23 | NEUTRAL | The RSI value for CLOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLOI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.51 | NEUTRAL | The Stochastics value for CLOI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for CLOI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for CLOI suggests a weak or negative trend. |
52.94
+0.04 (+0.08%)