Taking everything into account, COCO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COCO is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that COCO is one of the better performing stocks in the market, outperforming 91% of all stocks.
- COCO is one of the better performing stocks in the Beverages industry, it outperforms 87% of 33 stocks in the same industry.
- COCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month COCO has a been trading in the 51.43 - 56.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
COCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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 54.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.75, a Stop Loss order could be placed below this zone.
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38.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 50.82 to 53.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.20 from a trend line in the weekly time frame.
- Support @46.50 from a trend line in the daily time frame.
- A support zone ranging from 38.44 to 39.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.98 to 55.66. 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 | 91.06 | POSITIVE | COCO has a high relative strength, it outperformed 91.06% 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) | 53.62 | NEUTRAL | The RSI value for COCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests COCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.02 | NEUTRAL | The Stochastics value for COCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for COCO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.44 | POSITIVE | The high ADX value value for COCO suggests a strong 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 |
|---|---|---|---|
| 55.67 | 51.42 | 4.25 (7.63%) | 13.10% |
| An entry @55.67. This is a Buy Stop order right above the resistance zone. | An exit @51.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.25 points, which is 7.63%. | For a 1.00% total portfolio risk, you can invest 13.10% of your capital in this trade. |
- 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.
53.93
+0.39 (+0.73%)
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 9 / 10 to COCO.
What is the trend direction for COCO stock?
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 53.6173. This indicates that the stock is currently neutral.
What is the short term momentum for COCO stock?
The short term momentum for VITA COCO CO INC/THE (COCO) is neutral.