CYRUSONE INC (CONE) Stock Technical Analysis
NASDAQ:CONE - Nasdaq - REIT
We assign a technical rating of 10 out of 10 to CONE. Both in the recent history as in the last year, CONE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CONE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 90.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 90.26, a Stop Loss order could be placed below this zone.
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74.69
4 important support areas can be observed.
- A support zone ranging from 88.95 to 90.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.81 from a trend line in the weekly time frame.
- Support @78.29 from a trend line in the daily time frame.
- Support @75.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 90.40 to 91.09. This zone is formed by a combination of multiple trend lines 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 CONE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CONE is up. |
| ChartMill Relative Strength | 88.35 | POSITIVE | CONE has a high relative strength, it outperformed 88.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CONE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CONE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CONE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.82 | NEUTRAL | The RSI value for CONE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CONE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.96 | NEUTRAL | The Stochastics value for CONE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for CONE suggests low volalility. |
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 |
|---|---|---|---|
| 90.46 | 89.96 | 0.50 (0.55%) | 25.00% |
| An entry @90.46. This is a Buy Stop order right above the 10 day high. | An exit @89.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 0.55%. | For a 0.14% total portfolio risk, you can invest 25.00% 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.
90.36
+0.03 (+0.03%)