VITA COCO CO INC/THE (COCO) Stock Technical Analysis
NASDAQ:COCO - Nasdaq - US92846Q1076 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to COCO. In the last year, COCO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
COCO is one of the better performing stocks in the Beverages industry, it outperforms 70% of 32 stocks in the same industry.
COCO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so COCO is performing more or less in line with the market.
In the last month COCO has a been trading in the 29.75 - 37.55 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, COCO did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although COCO has an excellent technical rating, the quality of the presented setup is not ideal 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
27.50
40.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 35.04 to 35.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.76 to 33.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.70 to 32.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.86 from a trend line in the weekly time frame.
- Support @27.78 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.80 to 37.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 39.98 to 40.31. 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 COCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COCO is up. |
| ChartMill Relative Strength | 87.72 | POSITIVE | COCO has a high relative strength, it outperformed 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.4 | NEUTRAL | The RSI value for COCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests COCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.17 | OVERBOUGHT | The high Stochastics value suggests COCO may be overbought. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for COCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for COCO suggests a weak or negative 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 |
|---|---|---|---|
| 37.05 | 35.03 | 2.02 (5.45%) | 18.34% |
| An entry @37.05. This is a Buy Stop order right above the resistance zone. | An exit @35.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.02 points, which is 5.45%. | When investing 18.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of COCO. 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.
36.2
-0.08 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-0.22%
1 Week1.63%
2 Weeks8.68%
1 Month17.46%
3 Month-3.67%
6 Month0.22%
12 Month37.96%
2 Year35.68%
3 Year195.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.48
ATR(20)%4.43%
ATR Inc-46.24%
Range Today0.8
ADR(20)1.54
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.72
Mansfield1.29
10 Day High37.55
10 Day Low32.28
20 Day High37.55
20 Day Low29.75
52 Week High40.32
52 Week Low23.56
CS1 End35.61
CR1 Start36.8
Volume & EV
DER(3)2.32%
DER(5)3.73%
Volume466.70K
Volume Incr-39.62%
Vol(5)579.30K
Vol(50)873.25K