CONL Stock Analysis: Buy, Sell, or Hold?
CONL - GraniteShares ETF Trust GraniteShares 2x Long COIN Daily ETF
$6.25
0.87 (16.17%)
▲
5d:
+53.56%
30d:
+25.5%
90d:
-21.48%
WAIT
LOW Confidence
Analysis Updated: Aug 21, 2026 12:00 AM ET
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Interactive Price Chart (1 Month)
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Bottom Line:
⏸️ WAIT FOR BETTER ENTRY: CONL is 17.0% above its trading range ($5.34). While momentum could continue, risk/reward favors waiting for a pullback.
⏸️ WAIT FOR BETTER ENTRY: CONL is 17.0% above its trading range ($5.34). While momentum could continue, risk/reward favors waiting for a pullback.
In-depth Analysis How we analyze
Valuation Analysis: CONL is currently trading at $6.25, which is considered extended relative to its 30-day fair value range of $4.10 to $5.34.
Technical Outlook: Technically, CONL is in a strong downtrend. Immediate support is located at $3.92, while resistance sits at $6.56. The stock is showing strong short-term momentum, up 16.2% recently.
Market Sentiment: CONL scores 15/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, CONL is in a strong downtrend. Immediate support is located at $3.92, while resistance sits at $6.56. The stock is showing strong short-term momentum, up 16.2% recently.
Market Sentiment: CONL scores 15/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$4.10 -
$5.34
Company Quality Score
37/100
(SELL)
Volume Confirmation
HIGH
Confidence Score
11.8%
All Signals
- BEARISH: Price significantly overextended (+17.0% above its trading range)
- BEARISH: Weak technical setup (15/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+16.2%)
- WARNING: Composite score 36/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$4.10 -
$5.34
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$3.92
Resistance Level
$6.56
Current Trend
Strong Downtrend
Technical data as of
Aug 21, 2026
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Last updated: August 23, 2026 11:49 PM ET
Data refreshes hourly during market hours. Next update: 12:49 AM
Data refreshes hourly during market hours. Next update: 12:49 AM
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Technical Signals Check
Is CONL showing a specific setup today?