COMMSCOPE HOLDING CO INC (COMM) Stock Technical Analysis
NASDAQ:COMM - Nasdaq - US20337X1090 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to COMM. Both in the recent history as in the last year, COMM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
COMM is part of the Communications Equipment industry. There are 49 other stocks in this industry. COMM outperforms 97% of them.
COMM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so COMM is lagging the market slightly.
In the last month COMM has a been trading in the 5.22 - 6.42 range, which is quite wide. It is currently trading near the high of this range.
COMM has an average volume of 5912220 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, COMM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for COMM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.73
6.41
4 important support areas can be observed.
- Support @6.32 from a trend line in the daily time frame.
- Support @5.82 from a trend line in the daily time frame.
- Support @5.48 from a horizontal line in the daily time frame.
- Support @3.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @6.35 from a horizontal 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 | 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 | 99.1 | POSITIVE | COMM has a high relative strength, it outperformed 99.1% 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) | 64.54 | NEUTRAL | The RSI value for COMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests COMM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.76 | OVERBOUGHT | The high Stochastics value suggests COMM may be overbought. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for COMM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.03 | 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)
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 |
|---|---|---|---|
| 6.36 | 6.31 | 0.05 (0.79%) | 25.00% |
| An entry @6.36. This is a Buy Stop order right above the resistance zone. | An exit @6.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 0.79%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of COMM. Please evaluate whether better entry and exit points can be found.
- 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.
6.33
+0.13 (+2.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.1%
1 Week8.58%
2 Weeks0.8%
1 Month9.33%
3 Month24.85%
6 Month10.28%
12 Month390.7%
2 Year12.43%
3 Year3.43%
5 Year-24.01%
10 Year-79.25%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.09%
ATR Inc-28.14%
Range Today0.2
ADR(20)0.31
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.1
Mansfield2.99
10 Day High6.42
10 Day Low5.42
20 Day High6.42
20 Day Low5.22
52 Week High7.19
52 Week Low1.05
CS1 End6.32
CR1 Start6.35
Volume & EV
DER(3)11.28%
DER(5)10.18%
Volume3.27M
Volume Incr-42.18%
Vol(5)3.52M
Vol(50)5.91M