COWEN INC - A (COWN) Stock Technical Analysis
NASDAQ:COWN - Nasdaq - US2236226062 - Common Stock - Currency: USD
Overall COWN gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COWN is showing a nice and steady performance.
COWN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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When analyzing the support we notice one important area.
- A support zone ranging from 38.37 to 38.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.02 to 39.03. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for COWN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COWN is up. |
| ChartMill Relative Strength | 91.93 | POSITIVE | COWN has a high relative strength, it outperformed 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.54 | NEUTRAL | The RSI value for COWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests COWN has a negative trend. |
| Stochastics (14,3) | 65.08 | NEUTRAL | The Stochastics value for COWN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for COWN suggests low volalility. |
| Average Directional Index/ADX (14) | 44.78 | POSITIVE | The high ADX value value for COWN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.04 | 38.87 | 0.17 (0.44%) | 25.00% |
| An entry @39.04. This is a Buy Stop order right above the resistance zone. | An exit @38.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 0.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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