CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
NYSE:CCO • US18453H1068
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!
- 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. We also observe that the gains produced by CCO over the past year are nicely spread over this period.
- CCO is part of the Media industry. There are 91 other stocks in this industry. CCO outperforms 94% of them.
- A new 52 week high is currently being made by CCO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CCO has a been trading in the 1.95 - 2.43 range, which is quite wide. It is currently trading near the high of this range.
- CCO has an average volume of 4863560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
CCO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.12 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.04 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.41 to 2.42. 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 | 92.44 | POSITIVE | CCO has a high relative strength, it outperformed 92.44% 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) | 64.6 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.54 | OVERBOUGHT | The high Stochastics value suggests CCO may be overbought. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for CCO suggests a weak or negative trend. |
2.4
-0.01 (-0.41%)
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 64.6043. 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 2.15 and a resistance level at 2.41. Check the full technical report for our detailed analysis of CCO support and resistance levels.