COMSOVEREIGN HOLDING CORP (COMS) Stock Technical Analysis
NASDAQ:COMS - Nasdaq - US2056504010 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to COMS. COMS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than COMS.
COMS is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 100% are performing better than COMS.
COMS 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 COMS has a been trading in the 0.57 - 0.91 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: COMS has an average volume of 18564 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of COMS 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
0.59
0.88
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.77 from a trend line in the daily time frame.
- A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for COMS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COMS is down. |
| ChartMill Relative Strength | 1.99 | NEGATIVE | COMS has a low relative strength, it was outperformed by 98.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COMS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COMS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COMS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.18 | OVERSOLD | The low RSI value suggests COMS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests COMS has a negative trend. |
| Stochastics (14,3) | 15.44 | OVERSOLD | The low Stochastics value suggests COMS may be oversold. |
| Average True Range in percent/ATR (20) | 12.99 | HIGH VOLATILITY | The high ATR as a percentage value for COMS suggests high volalility. |
| Average Directional Index/ADX (14) | 40.79 | POSITIVE | The high ADX value value for COMS 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)
0.601
0 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.4%
1 Week-22.12%
2 Weeks-25.8%
1 Month-27.59%
3 Month-43.3%
6 Month-65.66%
12 Month-91.64%
2 Year-98.87%
3 Year-99.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%12.99%
ATR Inc22.17%
Range Today0.07
ADR(20)0.08
ADR(20)%12.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.99
Mansfield-6.74
10 Day High0.87
10 Day Low0.57
20 Day High0.91
20 Day Low0.57
52 Week High7.4
52 Week Low0.57
CS1 EndN/A
CR1 Start0.72
Volume & EV
DER(3)-1.79%
DER(5)-8.8%
Volume153.00K
Volume Incr178.76%
Vol(5)45.94K
Vol(50)18.56K