Taking everything into account, CCOI scores 1 out of 10 in our technical rating. CCOI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CCOI has a poor technical rating and the quality of the setup is also not perfect 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
20.61
2 important support areas can be observed.
- A support zone ranging from 21.46 to 21.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.82 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @23.27 from a horizontal line in the weekly time frame.
- Resistance @24.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.86 to 39.03. 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 | 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 | 3.9 | NEGATIVE | CCOI has a low relative strength, it was outperformed by 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCOI is above the rising 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) | 46.46 | NEUTRAL | The RSI value for CCOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests CCOI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.57 | NEUTRAL | The Stochastics value for CCOI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for CCOI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.41 | NEUTRAL | The ADX value for CCOI suggests a possible start of a new trend. |
22.25
+0.36 (+1.62%)
COGENT COMMUNICATIONS HOLDIN / CCOI FAQ
Can you provide the ChartMill technical rating for COGENT COMMUNICATIONS HOLDIN?
ChartMill assigns a technical rating of 1 / 10 to CCOI.
Can you provide the trend direction for COGENT COMMUNICATIONS HOLDIN?
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 46.4624. This indicates that the stock is currently neutral.
What is the MACD signal for CCOI stock?
The MACD indicator for COGENT COMMUNICATIONS HOLDIN (CCOI) has a value of 0.556506, indicating a bearish trend.
Can you provide the support and resistance levels for COGENT COMMUNICATIONS HOLDIN?
COGENT COMMUNICATIONS HOLDIN (CCOI) has a support level at 21.78 and a resistance level at 23.27. Check the full technical report for our detailed analysis of CCOI support and resistance levels.