GRANITESHARES 2X SHORT COIN (CONI) Technical Analysis
NASDAQ:CONI • US38747R3637
Current stock price
CONI Technical Rating and Analysis
Overall CONI gets a technical rating of 0 out of 10. CONI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than CONI.
- CONI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CONI has a been trading in the 38.00 - 76.70 range, which is quite wide. It is currently trading near the lows of this range.
CONI Weekly and Daily overview Charts
CONI Setup Rating and Analysis
The technical rating of CONI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CONI Support and Resistance Analysis
39.66
When analyzing the support we can see 2 important areas.
- Support @42.26 from a horizontal line in the weekly time frame.
- A support zone ranging from 40.06 to 40.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @49.38 from a trend line in the daily time frame.
- A resistance zone ranging from 55.69 to 55.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
CONI 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 | DOWN | NEGATIVE | The long term trend for CONI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CONI is down. |
| ChartMill Relative Strength | 3.35 | NEGATIVE | CONI has a low relative strength, it was outperformed by 96.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CONI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CONI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CONI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.65 | NEUTRAL | The RSI value for CONI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.18 | NEGATIVE | The MACD value suggests CONI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.23 | OVERSOLD | The low Stochastics value suggests CONI may be oversold. |
| Average True Range in percent/ATR (20) | 16.16 | HIGH VOLATILITY | The high ATR as a percentage value for CONI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for CONI suggests a weak or negative trend. |
CONI Chart- and CandleStick Pattern Analysis
CONI Technicals: Chart, Performance Metrics, Trend & Indicators
43.6883
-0.88 (-1.98%)
GRANITESHARES 2X SHORT COIN / CONI TA FAQ
What is the ChartMill technical rating of GRANITESHARES 2X SHORT COIN (CONI) stock?
ChartMill assigns a technical rating of 0 / 10 to CONI.
Can you provide the trend direction for GRANITESHARES 2X SHORT COIN?
The current trend direction for GRANITESHARES 2X SHORT COIN (CONI) is Bearish.
Can you provide the RSI signal for GRANITESHARES 2X SHORT COIN?
GRANITESHARES 2X SHORT COIN (CONI) has an RSI value of 39.6489. This indicates that the stock is currently neutral.
What is the MACD signal for CONI stock?
The MACD indicator for GRANITESHARES 2X SHORT COIN (CONI) has a value of -1.17559, indicating a bearish trend.
What is the short term momentum for GRANITESHARES 2X SHORT COIN (CONI) stock?
The short term momentum for GRANITESHARES 2X SHORT COIN (CONI) is negative.