COMPASS DIVERSIFIED HOLDINGS (CODI) Technical Analysis
NYSE:CODI • US20451Q1040
Current stock price
CODI Technical Rating and Analysis
Taking everything into account, CODI scores 8 out of 10 in our technical rating. Although CODI 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.
- CODI is one of the better performing stocks in the Financial Services industry, it outperforms 82% of 100 stocks in the same industry.
- CODI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- CODI has an average volume of 1281150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CODI did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- CODI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CODI is lagging the market.
CODI Weekly and Daily overview Charts
CODI Setup Rating and Analysis
Although CODI has an excellent technical rating, it does not present a decent entry opportunity 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
CODI Support and Resistance Analysis
6.03
When analyzing the support we can see 2 important areas.
- Support @11.34 from a horizontal line in the daily time frame.
- A support zone ranging from 6.09 to 6.09. 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 11.81 to 11.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
CODI Technical Indicator Signal Analysis
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 CODI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CODI is up. |
| ChartMill Relative Strength | 79.12 | POSITIVE | CODI has a high relative strength, it outperformed 79.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CODI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CODI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CODI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.96 | OVERBOUGHT | The high RSI value suggests CODI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CODI has a negative trend. |
| Stochastics (14,3) | 85.11 | OVERBOUGHT | The high Stochastics value suggests CODI may be overbought. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CODI suggests some volalility. |
| Average Directional Index/ADX (14) | 52.36 | POSITIVE | The high ADX value value for CODI suggests a strong trend. |
CODI Chart- and CandleStick Pattern Analysis
CODI Technicals: Chart, Performance Metrics, Trend & Indicators
11.8
-0.01 (-0.08%)
COMPASS DIVERSIFIED HOLDINGS / CODI TA FAQ
What is the technical rating for CODI stock?
ChartMill assigns a technical rating of 8 / 10 to CODI.
Can you provide the trend direction for COMPASS DIVERSIFIED HOLDINGS?
The current trend direction for COMPASS DIVERSIFIED HOLDINGS (CODI) is Bullish.
Can you provide the RSI signal for COMPASS DIVERSIFIED HOLDINGS?
COMPASS DIVERSIFIED HOLDINGS (CODI) has an RSI value of 73.9575. This indicates that the stock is currently overbought.
What is the short term momentum for CODI stock?
The short term momentum for COMPASS DIVERSIFIED HOLDINGS (CODI) is positive.
What is the buy/sell signal for CODI stock?
The buy/sell signal for COMPASS DIVERSIFIED HOLDINGS (CODI) is buy as both the short term and long term trends are positive.