COWEN INC - A (COWN)       38.9  +0.01 (+0.03%)

38.9  +0.01 (+0.03%)

US2236226062 - Common Stock

Technical Rating

7

Taking everything into account, COWN scores 7 out of 10 in our technical rating. Although COWN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
COWN is one of the better performing stocks in the Capital Markets industry, it outperforms 81% of 205 stocks in the same industry.
COWN is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
Looking at the yearly performance, COWN did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month COWN has a been trading in a tight range between 38.62 and 38.92.

Statistics

1 Month 3 Months 6 Months 12 Months 0.70% 0.44% 0.62% 22.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 82.3 21.36 - 38.92
COWN Weekly chart
COWN Daily chart

Support/Resistance Analysis


37.99

39.29
When analyzing the support we notice one important area.
  • A support zone ranging from 38.37 to 38.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 38.90 to 38.90. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

COWN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.9. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for COWN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
38.9138.760.15 (0.39%)25.00%
An entry @38.91. This is a Buy Stop order right above the resistance zone.An exit @38.76. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.15 points, which is 0.39%.For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
COWN Daily chart

COWEN INC - A38.9

NASDAQ:COWN (2/2/2023, 9:29:42 AM)+0.01 (+0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets

Performance
Today 0.03% 1 Week 0.1%
2 Weeks 0.28% 1 Month 0.7%
3 Month 0.44% 6 Month 0.62%

Volatility
ATR(14) 0.07 ATR(20)% 0.18%
ATR Inc -19.62% Range Today 0.01

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 82.3 Mansfield 1.45
10 Day High 38.92 10 Day Low 38.77
20 Day High 38.92 20 Day Low 38.62
52 Week High 38.92 52 Week Low 21.36
CS1 End 38.85 CR1 Start 38.9

Volume & EV
DER(3) 6.24% DER(5) 6.51%
Volume 115 Volume Incr -17.68%
Vol(5) 279.52K Vol(50) 396.72K

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