CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Technical Analysis
NYSE:CCO • US18453H1068
Current stock price
CCO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CCO. Both in the recent history as in the last year, CCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CCO did better than 93% of all other stocks. On top of that, CCO also shows a nice and consistent pattern of rising prices.
- CCO is one of the better performing stocks in the Media industry, it outperforms 95% of 92 stocks in the same industry.
- CCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CCO is leading the market.
- CCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CCO has an average volume of 7084870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CCO has a been trading in a tight range between 2.36 and 2.43.
CCO Weekly and Daily overview Charts
CCO Setup Rating and Analysis
CCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CCO Support and Resistance Analysis
1.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.35 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.30 from a trend line in the daily time frame.
- Support @2.04 from a horizontal line in the weekly time frame.
- Support @1.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.38 to 2.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CCO 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 | UP | POSITIVE | The long term trend for CCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCO is up. |
| ChartMill Relative Strength | 93.92 | POSITIVE | CCO has a high relative strength, it outperformed 93.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.05 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.43 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for CCO suggests low volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for CCO suggests a weak or negative trend. |
CCO Chart- and CandleStick Pattern Analysis
CCO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.43 | 2.35 | 0.08 (3.29%) | 25.00% |
| An entry @2.43. This is a Buy Stop order right above the resistance zone. | An exit @2.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 3.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CCO Technicals: Chart, Performance Metrics, Trend & Indicators
2.38
0 (0%)
CLEAR CHANNEL OUTDOOR HOLDIN / CCO TA FAQ
What is the technical rating for CCO stock?
ChartMill assigns a technical rating of 10 / 10 to CCO.
Can you provide the trend direction for CLEAR CHANNEL OUTDOOR HOLDIN?
The current trend direction for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) is Bullish.
Can you provide the RSI signal for CLEAR CHANNEL OUTDOOR HOLDIN?
CLEAR CHANNEL OUTDOOR HOLDIN (CCO) has an RSI value of 59.0508. This indicates that the stock is currently neutral.
What is the buy/sell signal for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) stock?
The buy/sell signal for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CLEAR CHANNEL OUTDOOR HOLDIN?
CLEAR CHANNEL OUTDOOR HOLDIN (CCO) has a support level at 2.38 and a resistance level at 2.38. Check the full technical report for our detailed analysis of CCO support and resistance levels.