CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Technical Analysis
NYSE:CCO • US18453H1068
Current stock price
CCO Technical Rating and Analysis
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.
- 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 94% of all stocks. We also observe that the gains produced by CCO over the past year are nicely spread over this period.
- CCO is one of the better performing stocks in the Media industry, it outperforms 93% of 91 stocks in the same industry.
- CCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CCO is leading the market.
- CCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CCO has an average volume of 9117160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CCO has a been trading in a tight range between 2.33 and 2.42.
CCO Weekly and Daily overview Charts
CCO Setup Rating and Analysis
Besides having an excellent technical rating, CCO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.34, a Stop Loss order could be placed below this zone.
More info and screens
CCO Support and Resistance Analysis
2.26
2 important support areas can be observed.
- A support zone ranging from 2.33 to 2.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.28 to 2.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.37 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
CCO Technical Indicator Signal Analysis
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 | 94.01 | POSITIVE | CCO has a high relative strength, it outperformed 94.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCO is below a declining 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) | 52.4 | NEUTRAL | The RSI value for CCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.85 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for CCO suggests low volalility. |
| Average Directional Index/ADX (14) | 13.28 | NEGATIVE | The low ADX value for CCO suggests a weak or negative trend. |
CCO Chart- and CandleStick Pattern Analysis
CCO Example Setup
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 |
|---|---|---|---|
| 2.38 | 2.32 | 0.06 (2.52%) | 25.00% |
| An entry @2.38. This is a Buy Stop order right above the resistance zone. | An exit @2.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 2.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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.
CCO Technicals: Chart, Performance Metrics, Trend & Indicators
2.37
-0.01 (-0.42%)
CLEAR CHANNEL OUTDOOR HOLDIN / CCO TA FAQ
What is the technical rating for CCO stock?
ChartMill assigns a technical rating of 10 / 10 to CCO.
What is the current trend direction of CLEAR CHANNEL OUTDOOR HOLDIN (CCO) stock?
The current trend direction for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) is Bullish.
What is the RSI signal for CCO stock?
CLEAR CHANNEL OUTDOOR HOLDIN (CCO) has an RSI value of 52.402. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLEAR CHANNEL OUTDOOR HOLDIN?
The short term momentum for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) is positive.
What is the buy/sell signal for 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.