GRANITESH 2X LNG COIN ETF-US (CONL) Stock Technical Analysis
NASDAQ:CONL - Nasdaq - US38747R8016 - ETF - Currency: USD
Overall CONL gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CONL was also a bad performer in the overall market in the last year.
88% of all other stocks performed better in the past year than CONL.
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 6729740 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.
In the last month CONL has a been trading in the 17.09 - 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. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
23.43
29.19
We found 1 important support area.
- A support zone ranging from 23.67 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @26.41 from a trend line in the daily time frame.
- Resistance @26.86 from a horizontal line in the daily time frame.
- Resistance @27.35 from a trend line in the daily time frame.
- Resistance @28.90 from a horizontal line in the weekly 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 | 12.19 | NEGATIVE | CONL has a low relative strength, it was outperformed by 87.81% off all stocks 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) | 53 | NEUTRAL | The RSI value for CONL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests CONL has a negative trend. |
| Stochastics (14,3) | 23.79 | NEUTRAL | The Stochastics value for CONL is a neutral value. |
| Average True Range in percent/ATR (20) | 12.06 | HIGH VOLATILITY | The high ATR as a percentage value for CONL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.7 | 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)
25.16
+1.34 (+5.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.63%
1 Week2.95%
2 Weeks-16.22%
1 Month35.85%
3 Month4.49%
6 Month-64.5%
12 Month-55.21%
2 Year145.7%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.4
ATR(20)%12.06%
ATR Inc46.46%
Range Today1.22
ADR(20)2.49
ADR(20)%9.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.19
Mansfield-3.04
10 Day High29.52
10 Day Low22.99
20 Day High31.1
20 Day Low17.09
52 Week High73.88
52 Week Low9.21
CS1 End23.82
CR1 Start26.41
Volume & EV
DER(3)-0.82%
DER(5)1.57%
Volume5.18M
Volume Incr-32.81%
Vol(5)5.75M
Vol(50)6.73M