Overall TOON gets a technical rating of 1 out of 10. TOON has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TOON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TOON 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.
More info and screens
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We found 3 important support areas.
- A support zone ranging from 0.70 to 0.71. 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.
- Support @0.60 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.73 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.77 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.85 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 | NEUTRAL | NEUTRAL | The long term trend for TOON is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TOON is down. |
| ChartMill Relative Strength | 75.09 | POSITIVE | TOON has a high relative strength, it outperformed 75.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TOON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TOON is below a declining 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) | 47.35 | NEUTRAL | The RSI value for TOON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TOON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.54 | NEUTRAL | The Stochastics value for TOON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TOON suggests some volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for TOON suggests a weak or negative trend. |
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KARTOON STUDIOS INC / TOON FAQ
What is the ChartMill technical rating of KARTOON STUDIOS INC (TOON) stock?
ChartMill assigns a technical rating of 1 / 10 to TOON.
What is the current trend direction of KARTOON STUDIOS INC (TOON) stock?
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 47.3537. This indicates that the stock is currently neutral.
What is the support and resistance level for TOON stock?
KARTOON STUDIOS INC (TOON) has a support level at 0.71 and a resistance level at 0.73. Check the full technical report for our detailed analysis of TOON support and resistance levels.