Overall CONI gets a technical rating of 4 out of 10. In the past year, CONI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CONI has an average technical rating and the quality of the presented setup is also not ideal 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
32.08
3 important support areas can be observed.
- A support zone ranging from 49.64 to 49.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.97 from a trend line in the daily time frame.
- Support @32.40 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @58.31 from a trend line in the daily time frame.
- Resistance @64.37 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CONI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CONI is neutral. |
| ChartMill Relative Strength | 6.35 | NEGATIVE | CONI has a low relative strength, it was outperformed by 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CONI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CONI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CONI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.6 | NEUTRAL | The RSI value for CONI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CONI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.96 | NEUTRAL | The Stochastics value for CONI is a neutral value. |
| Average True Range in percent/ATR (20) | 13.08 | HIGH VOLATILITY | The high ATR as a percentage value for CONI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.41 | POSITIVE | The high ADX value value for CONI suggests a strong trend. |
49.88
-3.22 (-6.06%)
GRANITESHARES 2X SHORT COIN / CONI FAQ
What is the ChartMill technical rating of GRANITESHARES 2X SHORT COIN (CONI) stock?
ChartMill assigns a technical rating of 4 / 10 to CONI.
What is the trend direction for CONI stock?
The current trend direction for GRANITESHARES 2X SHORT COIN (CONI) is Bearish.
What is the RSI signal for GRANITESHARES 2X SHORT COIN (CONI) stock?
GRANITESHARES 2X SHORT COIN (CONI) has an RSI value of 50.5983. 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 0.0317729, indicating a bearish trend.
Can you provide the short term momentum for GRANITESHARES 2X SHORT COIN?
The short term momentum for GRANITESHARES 2X SHORT COIN (CONI) is neutral.