CCI Technical Analysis - CROWN CASTLE INC

Technical Rating and Analysis

Taking everything into account, CCI scores 1 out of 10 in our technical rating. CCI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

82% of all other stocks performed better in the past year than CCI.

CCI is part of the Specialized REITs industry. There are 29 other stocks in this industry, of which 64% are performing better than CCI.

CCI has an average volume of 3345210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCI is lagging the market.

In the last month CCI has a been trading in a tight range between 92.39 and 97.81.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CROWN CASTLE INC / CCI Weekly stock chart

CROWN CASTLE INC / CCI Daily stock chart

Setup Rating and Analysis

CCI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 97.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 95.90, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

92.87

119.76

When analyzing the support we notice one important area.

A support zone ranging from 93.81 to 95.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 97.58 to 98.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @109.52 from a trend line in the weekly time frame.
Resistance @118.57 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 CCI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CCI is neutral.
ChartMill Relative Strength	18.81	NEGATIVE	CCI has a low relative strength, it was outperformed by 81.19% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CCI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CCI is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CCI is below the rising SMA(200).
Relative Strength Index/RSI (14)	49.48	NEUTRAL	The RSI value for CCI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.47	POSITIVE	The MACD value suggests CCI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.75	NEUTRAL	The Stochastics value for CCI is a neutral value.
Average True Range in percent/ATR (20)	1.8	LOW VOLATILITY	The low ATR as a percentage value for CCI suggests low volalility.
Average Directional Index/ADX (14)	16.54	NEGATIVE	The low ADX value for CCI suggests a weak or negative trend.