CLEAR CHANNEL OUTDOOR HOLDIN (CCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CCO - US18453H1068 - Common Stock
Taking everything into account, CCO scores 9 out of 10 in our technical rating. 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.
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. There is a resistance zone just above the current price starting at 2.00. Right above this resistance zone may be a good entry point.
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1.11
We found 6 important support areas.
- Support @1.86 from a trend line in the daily time frame.
- A support zone ranging from 1.72 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.55 from a trend line in the daily time frame.
- Support @1.52 from a trend line in the weekly time frame.
- Support @1.27 from a horizontal line in the daily time frame.
- Support @1.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.00 to 2.01. 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 | 91.57 | POSITIVE | CCO has a high relative strength, it outperformed 91.57% 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) | 62.13 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 78.1 | NEUTRAL | The Stochastics value for CCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CCO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for CCO suggests a strong 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 |
|---|---|---|---|
| 2.02 | 1.85 | 0.17 (8.42%) | 11.88% |
| An entry @2.02. This is a Buy Stop order right above the resistance zone. | An exit @1.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 8.42%. | When investing 11.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
1.99
-0.01 (-0.5%)
CLEAR CHANNEL OUTDOOR HOLDIN / CCO FAQ
What is the technical rating for CCO stock?
ChartMill assigns a technical rating of 9 / 10 to CCO.
What is the trend direction for CCO stock?
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 62.13. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CLEAR CHANNEL OUTDOOR HOLDIN?
The MACD indicator for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) has a value of 0.00394491, indicating a bearish trend.
What is the short term momentum for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) stock?
The short term momentum for CLEAR CHANNEL OUTDOOR HOLDIN (CCO) is positive.