COOPER COS INC/THE (COO) Stock Technical Analysis
NASDAQ:COO • US2166485019
Overall COO gets a technical rating of 6 out of 10. Although COO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 67% of all other stocks performed better in the past year than COO.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month COO has a been trading in the 78.79 - 84.61 range, which is quite wide. It is currently trading near the high of this range.
- COO has an average volume of 2118900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- COO is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, COO did better than 63% of them.
- COO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COO is lagging the market.
Although the technical rating is only medium, COO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 83.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.68, a Stop Loss order could be placed below this zone.
More info and screens
68.07
We found 3 important support areas.
- A support zone ranging from 79.33 to 82.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.59 from a horizontal line in the daily time frame.
- Support @68.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 83.84 to 84.32. 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 COO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COO is up. |
| ChartMill Relative Strength | 33.75 | NEUTRAL | COO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for COO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests COO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.93 | OVERBOUGHT | The high Stochastics value suggests COO may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for COO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.71 | NEGATIVE | The low ADX value for COO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 84.33 | 80.33 | 4.00 (4.74%) | 21.08% |
| An entry @84.33. This is a Buy Stop order right above the resistance zone. | An exit @80.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.00 points, which is 4.74%. | For a 1.00% total portfolio risk, you can invest 21.08% of your capital in this trade. |
- 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.
82.94
-1.13 (-1.34%)
COOPER COS INC/THE / COO FAQ
What is the ChartMill technical rating of COOPER COS INC/THE (COO) stock?
ChartMill assigns a technical rating of 6 / 10 to COO.
What is the trend direction for COO stock?
The current trend direction for COOPER COS INC/THE (COO) is Bullish.
What is the RSI signal for COO stock?
COOPER COS INC/THE (COO) has an RSI value of 53.9348. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COOPER COS INC/THE?
The MACD indicator for COOPER COS INC/THE (COO) has a value of 0.212138, indicating a bearish trend.
What are the support and resistance levels for COOPER COS INC/THE (COO) stock?
COOPER COS INC/THE (COO) has a support level at 82.68 and a resistance level at 83.84. Check the full technical report for our detailed analysis of COO support and resistance levels.