COGENT COMMUNICATIONS HOLDIN (CCOI) Technical Analysis
NASDAQ:CCOI • US19239V3024
Current stock price
CCOI Technical Rating and Analysis
Taking everything into account, CCOI scores 0 out of 10 in our technical rating. CCOI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CCOI is a bad performer in the overall market: 93% of all stocks are doing better.
- CCOI is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 88% of 37 stocks in the same industry do better.
- CCOI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CCOI is lagging the market.
- CCOI has an average volume of 1169090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CCOI has a been trading in the 16.41 - 28.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CCOI Weekly and Daily overview Charts
CCOI Setup Rating and Analysis
The technical rating of CCOI is bad and it also does not present a quality setup 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
CCOI Support and Resistance Analysis
17.69
3 important support areas can be observed.
- Support @19.06 from a trend line in the weekly time frame.
- Support @18.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 17.87 to 18.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 21.09 to 21.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.78 to 23.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.76 from a trend line in the daily time frame.
- Resistance @32.21 from a trend line in the daily time frame.
- Resistance @33.36 from a trend line in the weekly time frame.
CCOI 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 | DOWN | NEGATIVE | The long term trend for CCOI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CCOI is down. |
| ChartMill Relative Strength | 7.78 | NEGATIVE | CCOI has a low relative strength, it was outperformed by 92.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCOI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CCOI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CCOI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.38 | NEUTRAL | The RSI value for CCOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CCOI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.68 | NEUTRAL | The Stochastics value for CCOI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.31 | HIGH VOLATILITY | The high ATR as a percentage value for CCOI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for CCOI suggests a weak or negative trend. |
CCOI Chart- and CandleStick Pattern Analysis
CCOI Technicals: Chart, Performance Metrics, Trend & Indicators
20.33
+1 (+5.17%)
COGENT COMMUNICATIONS HOLDIN / CCOI TA FAQ
Can you provide the ChartMill technical rating for COGENT COMMUNICATIONS HOLDIN?
ChartMill assigns a technical rating of 0 / 10 to CCOI.
What is the current trend direction of COGENT COMMUNICATIONS HOLDIN (CCOI) stock?
The current trend direction for COGENT COMMUNICATIONS HOLDIN (CCOI) is Bearish.
What is the RSI signal for COGENT COMMUNICATIONS HOLDIN (CCOI) stock?
COGENT COMMUNICATIONS HOLDIN (CCOI) has an RSI value of 44.3827. This indicates that the stock is currently neutral.
What is the short term momentum for CCOI stock?
The short term momentum for COGENT COMMUNICATIONS HOLDIN (CCOI) is negative.
What are the support and resistance levels for COGENT COMMUNICATIONS HOLDIN (CCOI) stock?
COGENT COMMUNICATIONS HOLDIN (CCOI) has a support level at 19.06 and a resistance level at 21.09. Check the full technical report for our detailed analysis of CCOI support and resistance levels.