DIREXION DA COIN BULL 2X ETF (CONX) Technical Analysis
NASDAQ:CONX • US25461H8381
Current stock price
CONX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CONX. CONX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than CONX.
- In the last month CONX has a been trading in the 7.04 - 13.12 range, which is quite wide. It is currently trading near the lows of this range.
CONX Weekly and Daily overview Charts
CONX Setup Rating and Analysis
The technical rating of CONX 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
CONX Support and Resistance Analysis
7.14
We found 1 important support area.
- A support zone ranging from 7.21 to 7.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.46 to 8.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.82 from a trend line in the daily time frame.
- A resistance zone ranging from 10.11 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.74 from a horizontal line in the daily time frame.
CONX 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 CONX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CONX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CONX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CONX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CONX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 41.84 | NEUTRAL | The RSI value for CONX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CONX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.62 | NEUTRAL | The Stochastics value for CONX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.25 | HIGH VOLATILITY | The high ATR as a percentage value for CONX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for CONX suggests a possible start of a new trend. |
CONX Chart- and CandleStick Pattern Analysis
CONX Technicals: Chart, Performance Metrics, Trend & Indicators
8.4476
+0.33 (+4.06%)
DIREXION DA COIN BULL 2X ETF / CONX TA FAQ
Can you provide the ChartMill technical rating for DIREXION DA COIN BULL 2X ETF?
ChartMill assigns a technical rating of 0 / 10 to CONX.
What is the trend direction for CONX stock?
The current trend direction for DIREXION DA COIN BULL 2X ETF (CONX) is Bearish.
What is the RSI signal for DIREXION DA COIN BULL 2X ETF (CONX) stock?
DIREXION DA COIN BULL 2X ETF (CONX) has an RSI value of 41.8427. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREXION DA COIN BULL 2X ETF?
The MACD indicator for DIREXION DA COIN BULL 2X ETF (CONX) has a value of -0.201009, indicating a bearish trend.
What is the buy/sell signal for CONX stock?
The buy/sell signal for DIREXION DA COIN BULL 2X ETF (CONX) is sell as both the short term and long term trends are negative.