CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
NYSE:CCO - New York Stock Exchange, Inc. - US18453H1068 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CCO. Recently some decent action could be observed, but in the medium term time frame this is still negative. CCO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CCO is a bad performer in the overall market: 75% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CCO has a been trading in the 1.08 - 1.28 range, which is quite wide. It is currently trading near the high of this range.
CCO has an average volume of 3053160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CCO is part of the Media industry. There are 97 other stocks in this industry, CCO did better than 48% of them.
CCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCO is lagging the market.
Considerably lower volume is observed in the last couple of days.
CCO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.16, a Stop Loss order could be placed below this zone.
More info and screens
1.04
1.41
We found 3 important support areas.
- A support zone ranging from 1.14 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.07 from a horizontal line in the weekly time frame.
- Support @1.05 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.24 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.40 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CCO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCO is up. |
| ChartMill Relative Strength | 25.65 | NEGATIVE | CCO has a low relative strength, it was outperformed by 74.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCO is above the rising 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) | DOWN | NEGATIVE | The current price of CCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.64 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.84 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for CCO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.19
-0.06 (-4.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-4.8%
1 Week0%
2 Weeks1.71%
1 Month8.18%
3 Month24.28%
6 Month-20.13%
12 Month-29.17%
2 Year-33.89%
3 Year-23.23%
5 Year29.84%
10 Year-87.68%
15 Year-89.19%
Volatility
ATR(14)0.06
ATR(20)%4.74%
ATR Inc-4.26%
Range Today0.07
ADR(20)0.06
ADR(20)%4.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.65
Mansfield-1.79
10 Day High1.28
10 Day Low1.17
20 Day High1.28
20 Day Low1.08
52 Week High1.77
52 Week Low0.81
CS1 End1.16
CR1 Start1.24
Volume & EV
DER(3)-3.75%
DER(5)-1.27%
Volume1.05M
Volume Incr-75.97%
Vol(5)1.22M
Vol(50)3.05M