CABLE ONE INC (CABO) Technical Analysis
NYSE:CABO • US12685J1051
Current stock price
CABO Technical Rating and Analysis
Taking everything into account, CABO scores 3 out of 10 in our technical rating. In the past year, CABO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CABO is a bad performer in the overall market: 90% of all stocks are doing better.
- CABO is part of the Media industry. There are 91 other stocks in this industry, of which 63% are performing better than CABO.
- CABO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CABO is lagging the market.
- In the last month CABO has a been trading in the 85.45 - 116.70 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CABO Weekly and Daily overview Charts
CABO Setup Rating and Analysis
CABO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 113.58. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CABO Support and Resistance Analysis
99.82
4 important support areas can be observed.
- A support zone ranging from 112.83 to 113.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 107.45 to 107.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.94 from a horizontal line in the daily time frame.
- Support @100.83 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 113.58 to 115.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
CABO 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 | UP | POSITIVE | The short term trend for CABO is up. |
| ChartMill Relative Strength | 10.51 | NEGATIVE | CABO has a low relative strength, it was outperformed by 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CABO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CABO is above a declining 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) | 56.98 | NEUTRAL | The RSI value for CABO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests CABO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.77 | OVERBOUGHT | The high Stochastics value suggests CABO may be overbought. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for CABO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for CABO suggests a possible start of a new trend. |
CABO Chart- and CandleStick Pattern Analysis
CABO Technicals: Chart, Performance Metrics, Trend & Indicators
113.04
+0.92 (+0.82%)
CABLE ONE INC / CABO TA FAQ
Can you provide the ChartMill technical rating for CABLE ONE INC?
ChartMill assigns a technical rating of 3 / 10 to CABO.
What is the trend direction for CABO stock?
The current trend direction for CABLE ONE INC (CABO) is Bearish.
Can you provide the RSI signal for CABLE ONE INC?
CABLE ONE INC (CABO) has an RSI value of 56.9841. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CABLE ONE INC?
The MACD indicator for CABLE ONE INC (CABO) has a value of 0.893805, indicating a bearish trend.
What are the support and resistance levels for CABLE ONE INC (CABO) stock?
CABLE ONE INC (CABO) has a support level at 113.03 and a resistance level at 113.58. Check the full technical report for our detailed analysis of CABO support and resistance levels.