CABO Technical Analysis - CABLE ONE INC

Technical Rating and Analysis

Taking everything into account, CABO scores 3 out of 10 in our technical rating. CABO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CABO is a bad performer in the overall market: 85% of all stocks are doing better.

CABO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month CABO has a been trading in the 151.76 - 180.74 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

CABO is part of the Media industry. There are 95 other stocks in this industry, CABO did better than 53% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, CABO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

150.87

273.30

2 important support areas can be observed.

Support @155.47 from a horizontal line in the weekly time frame.
Support @152.39 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

Resistance @171.84 from a trend line in the daily time frame.
A resistance zone ranging from 177.68 to 178.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @270.59 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for CABO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CABO is down.
ChartMill Relative Strength	15.79	NEGATIVE	CABO has a low relative strength, it was outperformed by 84.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CABO is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CABO is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CABO is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.68	NEUTRAL	The RSI value for CABO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.37	NEGATIVE	The MACD value suggests CABO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.61	OVERSOLD	The low Stochastics value suggests CABO may be oversold.
Average True Range in percent/ATR (20)	4.99	MEDIUM VOLATILITY	The ATR as a percentage value for CABO suggests some volalility.
Average Directional Index/ADX (14)	16.96	NEGATIVE	The low ADX value for CABO suggests a weak or negative trend.