Taking everything into account, COOT scores 1 out of 10 in our technical rating. COOT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, COOT is a bad performer in the overall market: 96% of all stocks are doing better.
- COOT is part of the Food Products industry. There are 87 other stocks in this industry, of which 81% are performing better than COOT.
- COOT 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 COOT has a been trading in the 0.58 - 0.90 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.
- Considerably lower volume is observed in the last couple of days.
The technical rating of COOT 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
0.50
When analyzing the support we can see 5 important areas.
- Support @0.60 from a horizontal line in the daily time frame.
- Support @0.54 from a trend line in the weekly time frame.
- Support @0.53 from a horizontal line in the weekly time frame.
- Support @0.52 from a horizontal line in the daily time frame.
- Support @0.51 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.77 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.94 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 | DOWN | NEGATIVE | The long term trend for COOT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COOT is down. |
| ChartMill Relative Strength | 4.75 | NEGATIVE | COOT has a low relative strength, it was outperformed by 95.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COOT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COOT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COOT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.78 | NEUTRAL | The RSI value for COOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests COOT has a negative trend. |
| Stochastics (14,3) | 5.08 | OVERSOLD | The low Stochastics value suggests COOT may be oversold. |
| Average True Range in percent/ATR (20) | 11.03 | HIGH VOLATILITY | The high ATR as a percentage value for COOT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for COOT suggests a weak or negative trend. |
0.622
+0.01 (+1.92%)
AUSTRALIAN OILSEEDS HOLDINGS / COOT FAQ
Can you provide the ChartMill technical rating for AUSTRALIAN OILSEEDS HOLDINGS?
ChartMill assigns a technical rating of 1 / 10 to COOT.
What is the trend direction for COOT stock?
The current trend direction for AUSTRALIAN OILSEEDS HOLDINGS (COOT) is Bearish.
What is the RSI signal for AUSTRALIAN OILSEEDS HOLDINGS (COOT) stock?
AUSTRALIAN OILSEEDS HOLDINGS (COOT) has an RSI value of 34.7835. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AUSTRALIAN OILSEEDS HOLDINGS?
The short term momentum for AUSTRALIAN OILSEEDS HOLDINGS (COOT) is negative.
What are the support and resistance levels for AUSTRALIAN OILSEEDS HOLDINGS (COOT) stock?
AUSTRALIAN OILSEEDS HOLDINGS (COOT) has a support level at 0.6 and a resistance level at 0.77. Check the full technical report for our detailed analysis of COOT support and resistance levels.