COMMSCOPE HOLDING CO INC (COMM) Stock Technical Analysis
NASDAQ:COMM - Nasdaq - US20337X1090 - Common Stock - Currency: USD
Overall COMM gets a technical rating of 8 out of 10. In the last year, COMM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
COMM is part of the Communications Equipment industry. There are 49 other stocks in this industry. COMM outperforms 95% of them.
COMM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so COMM is performing more or less in line with the market.
COMM 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.
COMM has an average volume of 5756870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, COMM did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although COMM has an excellent technical rating, the quality of the presented setup is not ideal 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
3.57
6.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.48 to 5.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.87 to 5.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.04 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for COMM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COMM is up. |
| ChartMill Relative Strength | 99.18 | POSITIVE | COMM has a high relative strength, it outperformed 99.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COMM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.76 | NEUTRAL | The RSI value for COMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests COMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.75 | NEUTRAL | The Stochastics value for COMM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for COMM suggests high volalility. |
| Average Directional Index/ADX (14) | 28.52 | POSITIVE | The high ADX value value for COMM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.49
-0.06 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.08%
1 Week-3.85%
2 Weeks12.5%
1 Month44.47%
3 Month9.58%
6 Month17.31%
12 Month373.28%
2 Year31.97%
3 Year-26.9%
5 Year-46.75%
10 Year-82.39%
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%5.68%
ATR Inc-23.82%
Range Today0.16
ADR(20)0.26
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.18
Mansfield2.35
10 Day High5.96
10 Day Low4.74
20 Day High5.96
20 Day Low3.55
52 Week High7.19
52 Week Low1.05
CS1 End5.48
CR1 Start5.87
Volume & EV
DER(3)-0.47%
DER(5)2.12%
Volume4.36M
Volume Incr-14.82%
Vol(5)4.62M
Vol(50)5.76M