YIELDMAX COIN OPTION IS ETF (CONY) Technical Analysis
NYSEARCA:CONY • US88636X8561
Overall CONY gets a technical rating of 1 out of 10. CONY 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 95% of all other stocks performed better in the past year than CONY.
- CONY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CONY has a been trading in the 23.43 - 32.85 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CONY 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
28.53
When analyzing the support we notice one important area.
- A support zone ranging from 28.82 to 29.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- Resistance @32.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.45 to 36.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 CONY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CONY is neutral. |
| ChartMill Relative Strength | 5.3 | NEGATIVE | CONY has a low relative strength, it was outperformed by 94.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CONY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CONY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CONY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for CONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests CONY has a positive trend. |
| Stochastics (14,3) | 90.22 | OVERBOUGHT | The high Stochastics value suggests CONY may be overbought. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for CONY suggests high volalility. |
| Average Directional Index/ADX (14) | 38.65 | POSITIVE | The high ADX value value for CONY suggests a strong trend. |
CONY Technicals: Chart, Performance Metrics, Trend & Indicators
31.65
-0.74 (-2.28%)
YIELDMAX COIN OPTION IS ETF / CONY FAQ
What is the technical rating for CONY stock?
ChartMill assigns a technical rating of 1 / 10 to CONY.
What is the trend direction for CONY stock?
The current trend direction for YIELDMAX COIN OPTION IS ETF (CONY) is Bearish.
What is the RSI signal for YIELDMAX COIN OPTION IS ETF (CONY) stock?
YIELDMAX COIN OPTION IS ETF (CONY) has an RSI value of 54.0264. This indicates that the stock is currently neutral.
Can you provide the short term momentum for YIELDMAX COIN OPTION IS ETF?
The short term momentum for YIELDMAX COIN OPTION IS ETF (CONY) is neutral.