KARTOON STUDIOS INC (TOON) Stock Technical Analysis
NYSEARCA:TOON - US37229T5092 - Common Stock
0.7895 USD
+0.04 (+5.27%)
0.78 USD
-0.01 (-1.2%)
We assign a technical rating of 6 out of 10 to TOON. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TOON is a bad performer.
84% of all other stocks performed better in the past year than TOON.
TOON is part of the Entertainment industry. There are 75 other stocks in this industry, of which 60% are performing better than TOON.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TOON has a been trading in the 0.65 - 0.79 range, which is quite wide. It is currently trading near the high of this range.
TOON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TOON is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TOON has an average technical rating and the quality of the presented setup is also not ideal 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
0.62
0.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.67 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.63 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @0.80 from a trend line in the weekly time frame.
- Resistance @0.86 from a horizontal line in the weekly time frame.
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 TOON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TOON is up. |
| ChartMill Relative Strength | 16.38 | NEGATIVE | TOON has a low relative strength, it was outperformed by 83.62% 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) | 64.64 | NEUTRAL | The RSI value for TOON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TOON has a positive trend. |
| Stochastics (14,3) | 84.83 | OVERBOUGHT | The high Stochastics value suggests TOON may be overbought. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for TOON suggests some volalility. |
| Average Directional Index/ADX (14) | 28.87 | POSITIVE | The high ADX value value for TOON suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.7895
+0.04 (+5.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg5.27%
1 Week7.93%
2 Weeks10.45%
1 Month13.97%
3 Month-4.23%
6 Month44.2%
12 Month-15.11%
2 Year-49.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%4.83%
ATR Inc-14.62%
Range Today0.04
ADR(20)0.04
ADR(20)%4.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.38
Mansfield0.35
10 Day High0.79
10 Day Low0.71
20 Day High0.79
20 Day Low0.65
52 Week High0.93
52 Week Low0.46
CS1 End0.74
CR1 Start0.8
Volume & EV
DER(3)1.22%
DER(5)-3.12%
Volume231.16K
Volume Incr25.77%
Vol(5)185.97K
Vol(50)180.65K