COOL CO LTD (CLCO) Stock Technical Analysis
USA - NYSE:CLCO - BMG2415A1137 - Common Stock
9.55 USD
+0.01 (+0.1%)
9.54 USD
-0.01 (-0.1%)
We assign a technical rating of 8 out of 10 to CLCO. Although CLCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CLCO is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. CLCO outperforms 76% of them.
CLCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CLCO is lagging the market slightly.
In the last month CLCO has a been trading in the 7.50 - 9.57 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CLCO turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CLCO 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 9.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CLCO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.49
9.68
3 important support areas can be observed.
- A support zone ranging from 9.46 to 9.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.00 to 8.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.58 to 9.58. 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 CLCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLCO is up. |
| ChartMill Relative Strength | 65.88 | NEUTRAL | CLCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.59 | OVERBOUGHT | The high RSI value suggests CLCO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CLCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.15 | OVERBOUGHT | The high Stochastics value suggests CLCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CLCO suggests some volalility. |
| Average Directional Index/ADX (14) | 41.75 | POSITIVE | The high ADX value value for CLCO 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 |
|---|---|---|---|
| 9.59 | 9.45 | 0.14 (1.46%) | 25.00% |
| An entry @9.59. This is a Buy Stop order right above the resistance zone. | An exit @9.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.14 points, which is 1.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- The distance between exit and entry is rather small compared to the average daily movement of CLCO. Please evaluate whether better entry and exit points can be found.
- 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.
9.55
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.1%
1 Week0.53%
2 Weeks22.91%
1 Month25.16%
3 Month35.65%
6 Month80.19%
12 Month-17.24%
2 Year-26.25%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.51%
ATR Inc-86.17%
Range Today0.04
ADR(20)0.14
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.88
Mansfield1.44
10 Day High9.57
10 Day Low9.22
20 Day High9.57
20 Day Low7.5
52 Week High11.63
52 Week Low4.51
CS1 End9.54
CR1 Start9.58
Volume & EV
DER(3)3.43%
DER(5)0.87%
Volume1.01M
Volume Incr176.87%
Vol(5)569.06K
Vol(50)176.59K