Credit Suisse AG ($GLDI) Takes On Cowen Inc. ($COWNL)

2019-08-20 | Welcome! Today we compared how two different stocks in the Investment Bankers/Brokers/Service industry are trading: Credit Suisse AG and Cowen Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Credit Suisse AG opened at 9.29, got to a maximum price of 9.3 and dropped to as low as 9.275 before finishing the session at 9.3. In total there were 4500 shares traded, which is enough to conduct our analysis. Compare that now to Cowen Inc., which opened at 26.41, had a high of 26.49, a low of 26.354, closed at 26.46 and had a total volume of 16600.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Credit Suisse AG Cowen Inc.
Accumulation-distribution index 81.94806 89.924
on-balance volume -9.31 -26.42
chaikin money flow

4.0 2.4
force index

0.00028 0.07824
ease of movement rating

-0.00013 0.00037
volume-price trend

0.57606 0.76187
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Credit Suisse AG Cowen Inc.
Average true range 0.04497 0.09421
Bolinger bands 9.28871 26.39514
Upper bollinger band 9.24629 26.26786
Lower bollinger band

9.275 26.354
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

9.28833 26.418
High band keltner channel

9.27833 26.338
Low band keltner channel

9.29833 26.498
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

9.275 26.354
Donchain channel low band

9.275 26.354
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Credit Suisse AG Cowen Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00101
MACD signal -0.00019 -0.00056
MACD difference -0.00015 -0.00045
fast Exponential Moving Average (EMA) indicator

9.275 26.354
slow Exponential Moving Average (EMA) indicator

9.275 26.354
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.14037 0.04218

4.43663 2.1352
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

-0.54093 -0.73872
KST Oscillator (KST)

61.93308 28.83912
KST Oscillator (KST Signal)

61.93308 28.83912
KST difference

-0.42935 -0.43919
Ichimoku rating

9.295 26.45
Ichimoku B rating

9.295 26.45
Ichimoku visual trend A

8.85743 25.82601
Ichimoku visual trend B

8.97271 25.99694
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Credit Suisse AG Cowen Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 100.0
True Strength Index (TSI) 100.0 100.0
ultimate oscillator

97.30181 92.95351
stochastic oscillator

250.0 170.0
stochastic oscillator signal

250.0 170.0
Williams %R rating

150.0 70.0
awesome oscillator

0.00415 -0.03102

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Credit Suisse AG and Cowen Inc..

Daily return 6.19331 2.88391
Daily log return -0.16186 -0.1709
Cumulative return -0.16173 -0.17075

So there you have it: our deep, grueling analysis comparing Credit Suisse AG and Cowen Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Credit Suisse AG:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether GLDI is strong or weak. Again – this is not a reliable indication of whether Credit Suisse AG is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Cowen Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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