CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CCO - US18453H1068 - Common Stock
Overall CCO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCO is showing a nice and steady performance.
CCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
1.13
5 important support areas can be observed.
- A support zone ranging from 2.05 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.70 from a trend line in the daily time frame.
- Support @1.66 from a trend line in the weekly time frame.
- Support @1.23 from a trend line in the daily time frame.
- Support @1.14 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.26 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.66 | POSITIVE | CCO has a high relative strength, it outperformed 92.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCO is below 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) | UP | POSITIVE | The current price of CCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.83 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CCO has a negative trend. |
| Stochastics (14,3) | 26.87 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for CCO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 2.15 | 2.04 | 0.11 (5.03%) | 19.89% |
| An entry @2.15. This is a Buy Stop order right above the 10 day moving average. | An exit @2.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 5.03%. | For a 1.00% total portfolio risk, you can invest 19.89% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CCO. Please evaluate whether better entry and exit points can be found.
- 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.
2.06
-0.02 (-0.96%)
CLEAR CHANNEL OUTDOOR HOLDIN / CCO FAQ
What is the technical rating for CCO stock?
ChartMill assigns a technical rating of 9 / 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 48.8348. 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 2.05 and a resistance level at 2.26. Check the full technical report for our detailed analysis of CCO support and resistance levels.