GRANITESH 2X LNG COIN ETF-US (CONL) Stock Technical Analysis
NASDAQ:CONL - Nasdaq - US38747R8016 - ETF - Currency: USD
Taking everything into account, CONL scores 5 out of 10 in our technical rating. CONL has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CONL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CONL is lagging the market.
CONL has an average volume of 6697840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, CONL turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
In the last month CONL has a been trading in the 18.25 - 31.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CONL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
23.58
30.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.71 to 26.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.82 to 24.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @27.08 from a trend line in the daily time frame.
- Resistance @28.90 from a horizontal line in the weekly time frame.
- Resistance @30.03 from a horizontal 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 CONL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CONL is up. |
| ChartMill Relative Strength | 56.33 | NEUTRAL | CONL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CONL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CONL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CONL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for CONL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests CONL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.69 | NEUTRAL | The Stochastics value for CONL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.31 | HIGH VOLATILITY | The high ATR as a percentage value for CONL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.44 | NEGATIVE | The low ADX value for CONL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.24
+1.08 (+4.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.29%
1 Week7.1%
2 Weeks-6.55%
1 Month52.65%
3 Month63.29%
6 Month-54.01%
12 Month-53.13%
2 Year156.25%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%11.31%
ATR Inc-28.69%
Range Today1.13
ADR(20)2.41
ADR(20)%9.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.33
Mansfield-2.61
10 Day High29.52
10 Day Low22.99
20 Day High31.1
20 Day Low18.25
52 Week High73.88
52 Week Low9.21
CS1 End26.05
CR1 Start27.08
Volume & EV
DER(3)-1.82%
DER(5)0.75%
Volume3.74M
Volume Incr-32.8%
Vol(5)5.76M
Vol(50)6.70M