COOT Technical Analysis - AUSTRALIAN OILSEEDS HOLDINGS

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to COOT. In the last year, COOT 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

COOT is one of the better performing stocks in the Food Products industry, it outperforms 97% of 87 stocks in the same industry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

COOT has an average volume of 5967720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that COOT is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.

COOT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COOT is lagging the market.

In the last month COOT has a been trading in the 0.52 - 4.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AUSTRALIAN OILSEEDS HOLDINGS / COOT Weekly stock chart

AUSTRALIAN OILSEEDS HOLDINGS / COOT Daily stock chart

Setup Rating and Analysis

Although COOT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

2.18

2.22

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for COOT is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for COOT is up.
ChartMill Relative Strength	99.01	POSITIVE	COOT has a high relative strength, it outperformed 99.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of COOT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of COOT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of COOT is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.52	OVERBOUGHT	The high RSI value suggests COOT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests COOT has a positive trend.
Stochastics (14,3)	53.69	NEUTRAL	The Stochastics value for COOT is a neutral value.
Average True Range in percent/ATR (20)	14.36	HIGH VOLATILITY	The high ATR as a percentage value for COOT suggests high volalility.
Average Directional Index/ADX (14)	51.23	POSITIVE	The high ADX value value for COOT suggests a strong trend.