COMPASS DIVERSIFIED HOLDINGS (CODI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CODI - US20451Q1040 - Common Stock
Taking everything into account, CODI scores 1 out of 10 in our technical rating. CODI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CODI is a bad performer in the overall market: 95% of all stocks are doing better.
- CODI is one of the lesser performing stocks in the Financial Services industry. 86% of 97 stocks in the same industry do better.
- CODI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CODI has a been trading in the 4.58 - 5.71 range, which is quite wide. It is currently trading near the high of this range.
- CODI has an average volume of 1622350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CODI is bad and it also does not present a quality setup 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
5.52
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.59 to 5.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.40 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CODI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CODI is neutral. |
| ChartMill Relative Strength | 5.31 | NEGATIVE | CODI has a low relative strength, it was outperformed by 94.69% 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) | DOWN | NEGATIVE | The current price of CODI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CODI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.6 | NEUTRAL | The RSI value for CODI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CODI has a positive trend. |
| Stochastics (14,3) | 87.3 | OVERBOUGHT | The high Stochastics value suggests CODI may be overbought. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for CODI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for CODI suggests a weak or negative trend. |
5.58
+0.18 (+3.33%)
COMPASS DIVERSIFIED HOLDINGS / CODI FAQ
What is the technical rating for CODI stock?
ChartMill assigns a technical rating of 1 / 10 to CODI.
Can you provide the trend direction for COMPASS DIVERSIFIED HOLDINGS?
The current trend direction for COMPASS DIVERSIFIED HOLDINGS (CODI) is Bearish.
What is the RSI signal for COMPASS DIVERSIFIED HOLDINGS (CODI) stock?
COMPASS DIVERSIFIED HOLDINGS (CODI) has an RSI value of 55.6032. This indicates that the stock is currently neutral.
What are the support and resistance levels for COMPASS DIVERSIFIED HOLDINGS (CODI) stock?
COMPASS DIVERSIFIED HOLDINGS (CODI) has a resistance level at 5.59. Check the full technical report for our detailed analysis of CODI support and resistance levels.