CONL Stock Summary and Trading Ideas (Graniteshares 2X Long Coin Daily ETF | NASDAQ:CONL)

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Coinbase Global, Inc. Class A (NASDAQ COIN). The Fund is a actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 2 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day." Coinbase Global, Inc. (COIN) is a financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy. The Company offers retail users the primary financial account for the crypto economy, institutions a marketplace with a liquidity for transacting in crypto assets, and ecosystem partners technology and services that enable them to build crypto-based applications and accept crypto assets as payment.

Graniteshares 2X Long Coin Daily ETF trades on the NASDAQ stock market under the symbol CONL.

As of March 14, 2025, CONL stock price climbed to $16.07 with 5,794,465 million shares trading.

CONL has a market cap of $525.33 million. This is considered a Small Cap stock.

CONL has underperformed the market in the last year with a price return of -73.8% while the SPY ETF gained +11.0%. CONL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -71.8% and -33.0%, respectively, while the SPY returned -6.5% and -5.3%, respectively.

CONL support price is $13.35 and resistance is $17.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CONL shares will trade within this expected range on the day.