We assign a technical rating of 9 out of 10 to TOON. TOON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although TOON has an excellent technical rating, it does not present a decent entry opportunity 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.
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0.59
When analyzing the support we can see 5 important areas.
- Support @0.78 from a horizontal line in the daily time frame.
- A support zone ranging from 0.73 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.71 from a horizontal line in the daily time frame.
- Support @0.62 from a trend line in the weekly time frame.
- Support @0.60 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.79 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.83 to 0.85. 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 | NEUTRAL | NEUTRAL | The long term trend for TOON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TOON is up. |
| ChartMill Relative Strength | 80.26 | POSITIVE | TOON has a high relative strength, it outperformed 80.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TOON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TOON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TOON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.52 | NEUTRAL | The RSI value for TOON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TOON has a positive trend. |
| Stochastics (14,3) | 45.27 | NEUTRAL | The Stochastics value for TOON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for TOON suggests high volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for TOON suggests a weak or negative trend. |
0.7845
+0.04 (+6.01%)
KARTOON STUDIOS INC / TOON FAQ
What is the ChartMill technical rating of KARTOON STUDIOS INC (TOON) stock?
ChartMill assigns a technical rating of 9 / 10 to TOON.
Can you provide the trend direction for KARTOON STUDIOS INC?
The current trend direction for KARTOON STUDIOS INC (TOON) is Bearish.
What is the RSI signal for TOON stock?
KARTOON STUDIOS INC (TOON) has an RSI value of 59.5238. This indicates that the stock is currently neutral.
Can you provide the short term momentum for KARTOON STUDIOS INC?
The short term momentum for KARTOON STUDIOS INC (TOON) is positive.
Can you provide the support and resistance levels for KARTOON STUDIOS INC?
KARTOON STUDIOS INC (TOON) has a support level at 0.78 and a resistance level at 0.79. Check the full technical report for our detailed analysis of TOON support and resistance levels.