CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
NYSE:CCO • US18453H1068
Taking everything into account, CCO scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CCO is one of the better performing stocks in the market, outperforming 92% of all stocks.
- CCO is one of the better performing stocks in the Media industry, it outperforms 94% of 93 stocks in the same industry.
- CCO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CCO has a been trading in the 1.95 - 2.39 range, which is quite wide. It is currently trading near the high of this range.
- 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 4089830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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 very little resistance above the current price.
More info and screens
1.78
We found 4 important support areas.
- A support zone ranging from 2.11 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.04 to 2.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.99 from a horizontal line in the daily time frame.
- Support @1.80 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 | 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 | 92.36 | POSITIVE | CCO has a high relative strength, it outperformed 92.36% 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) | UP | POSITIVE | The current price of CCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.96 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CCO has a positive trend. |
| Stochastics (14,3) | 97.71 | OVERBOUGHT | The high Stochastics value suggests CCO may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for CCO suggests a weak or negative 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 |
|---|---|---|---|
| 2.40 | 2.05 | 0.35 (14.79%) | 6.76% |
| An entry @2.40. This is a Buy Stop order right above the 10 day high. | An exit @2.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.35 points, which is 14.79%. | For a 1.00% total portfolio risk, you can invest 6.76% of your capital in this trade. |
- 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.
2.39
+0.01 (+0.42%)
CLEAR CHANNEL OUTDOOR HOLDIN / CCO 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 64.9617. 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 2.12. Check the full technical report for our detailed analysis of CCO support and resistance levels.