VITA COCO CO INC/THE (COCO) Stock Technical Analysis
USA - NASDAQ:COCO - US92846Q1076 - Common Stock
We assign a technical rating of 8 out of 10 to COCO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
COCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 42.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.66, a Stop Loss order could be placed below this zone.
More info and screens
31.42
6 important support areas can be observed.
- A support zone ranging from 39.00 to 39.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.90 from a trend line in the daily time frame.
- Support @35.19 from a trend line in the weekly time frame.
- Support @34.13 from a trend line in the daily time frame.
- Support @32.71 from a horizontal line in the daily time frame.
- Support @31.74 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.30 to 42.91. 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 | NEUTRAL | NEUTRAL | The short term trend for COCO is neutral. |
| ChartMill Relative Strength | 80.79 | POSITIVE | COCO has a high relative strength, it outperformed 80.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COCO is below a declining 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) | 46.5 | NEUTRAL | The RSI value for COCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests COCO has a negative trend. |
| Stochastics (14,3) | 44.02 | NEUTRAL | The Stochastics value for COCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for COCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for COCO suggests a weak or negative 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 |
|---|---|---|---|
| 40.40 | 38.99 | 1.41 (3.48%) | 25.00% |
| An entry @40.40. This is a Buy Stop order right above the 10 day moving average. | An exit @38.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.41 points, which is 3.48%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
39.665
-1.19 (-2.9%)
VITA COCO CO INC/THE / COCO FAQ
What is the ChartMill technical rating of VITA COCO CO INC/THE (COCO) stock?
ChartMill assigns a technical rating of 8 / 10 to COCO.
Can you provide the trend direction for VITA COCO CO INC/THE?
The current trend direction for VITA COCO CO INC/THE (COCO) is Bullish.
What is the RSI signal for COCO stock?
VITA COCO CO INC/THE (COCO) has an RSI value of 46.4982. This indicates that the stock is currently neutral.
What is the short term momentum for VITA COCO CO INC/THE (COCO) stock?
The short term momentum for VITA COCO CO INC/THE (COCO) is neutral.
Can you provide the support and resistance levels for VITA COCO CO INC/THE?
VITA COCO CO INC/THE (COCO) has a support level at 39.66 and a resistance level at 42.3. Check the full technical report for our detailed analysis of COCO support and resistance levels.