COHU INC (COHU) Technical Analysis
NASDAQ:COHU • US1925761066
Taking everything into account, COHU scores 8 out of 10 in our technical rating. 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.
- In the last month COHU has a been trading in the 27.14 - 34.96 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, COHU did better than 89% of all other stocks. We also observe that the gains produced by COHU over the past year are nicely spread over this period.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- COHU is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, COHU did better than 60% of them.
- COHU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COHU is lagging the market slightly.
Although COHU 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
24.79
We found 3 important support areas.
- A support zone ranging from 27.65 to 27.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.65 from a trend line in the daily time frame.
- Support @25.04 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.56 to 31.56. 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 COHU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COHU is down. |
| ChartMill Relative Strength | 89.2 | POSITIVE | COHU has a high relative strength, it outperformed 89.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COHU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COHU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COHU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.41 | NEUTRAL | The RSI value for COHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests COHU has a negative trend. |
| Stochastics (14,3) | 17.11 | OVERSOLD | The low Stochastics value suggests COHU may be oversold. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for COHU suggests high volalility. |
| Average Directional Index/ADX (14) | 17.07 | NEGATIVE | The low ADX value for COHU suggests a weak or negative trend. |
COHU Technicals: Chart, Performance Metrics, Trend & Indicators
27.66
-1.1 (-3.82%)
COHU INC / COHU FAQ
What is the technical rating for COHU stock?
ChartMill assigns a technical rating of 8 / 10 to COHU.
What is the current trend direction of COHU INC (COHU) stock?
The current trend direction for COHU INC (COHU) is Bullish.
What is the RSI signal for COHU stock?
COHU INC (COHU) has an RSI value of 40.411. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COHU INC?
The buy/sell signal for COHU INC (COHU) is hold as the short term and long term trends are mixed.
What is the support and resistance level for COHU stock?
COHU INC (COHU) has a support level at 27.65 and a resistance level at 31.56. Check the full technical report for our detailed analysis of COHU support and resistance levels.