CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
USA - NYSE:CCO - US18453H1068 - Common Stock
1.39 USD
+0.1 (+7.75%)
1.3826 USD
-0.01 (-0.53%)
Taking everything into account, CCO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CCO is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CCO has a been trading in the 1.19 - 1.43 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 3232490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CCO turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
CCO is part of the Media industry. There are 99 other stocks in this industry, CCO did better than 64% 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.
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, 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
1.03
1.40
2 important support areas can be observed.
- A support zone ranging from 1.27 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.04 to 1.07. 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 | 48.19 | NEUTRAL | CCO is not amongst the best or worst performers 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 | MIXED | The current price of CCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.3 | 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. |
| Stochastics (14,3) | 57.14 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.38 | POSITIVE | The high ADX value value for CCO suggests a strong 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)
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 |
|---|---|---|---|
| 1.44 | 1.26 | 0.18 (12.50%) | 8.00% |
| An entry @1.44. This is a Buy Stop order right above the 10 day high. | An exit @1.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 12.50%. | For a 1.00% total portfolio risk, you can invest 8.00% 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.
1.39
+0.1 (+7.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg7.75%
1 Week9.45%
2 Weeks8.59%
1 Month14.88%
3 Month24.11%
6 Month17.8%
12 Month-15.76%
2 Year-12.03%
3 Year1.46%
5 Year39%
10 Year-80.5%
15 Year-87.84%
Volatility
ATR(14)0.07
ATR(20)%4.53%
ATR Inc67.97%
Range Today0.13
ADR(20)0.06
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.19
Mansfield-0.31
10 Day High1.43
10 Day Low1.24
20 Day High1.43
20 Day Low1.19
52 Week High1.71
52 Week Low0.81
CS1 End1.32
CR1 StartN/A
Volume & EV
DER(3)0.11%
DER(5)1.34%
Volume7.46M
Volume Incr91.61%
Vol(5)6.05M
Vol(50)3.23M