Technical Analysis: Groupon, China Unicorn, Cogent Communications And AudioCodes

Groupon Stock Technical Analysis

Groupon (NASDAQ:GRPN) stock price is about to test the 100 day moving average line. As can be seen in the chart the stock has earlier found support from the 100 day moving average line. The RSI indicates that the stock is likely to go up. The RSI of 18.99 indicates that the stock is oversold. Groupon stock price is touching the lower of the Bollinger bands, indicating a likely uptrend in prices. The MACD also indicates a likelihood of stock price going up. The MACD histogram shows the divergence is quite wide. Based on RSI and MACD it is likely that Groupon stock will again find support from 100 day moving average line.
GRPN Technical chart
Groupon Technical Analysis Charts by amigobulls.com

China Unicorm Stock Technical Analysis

China Unicorm (NYSE:CHU) stock price is trading beyond the upper band of the Bollinger bands. The stock has been hitting the upper band quite often in last few trades, indicating that the stock price is likely to decline. This signal is further confirmed by RSI indicator. The RSI indicates that the stock is currently overbought. Groupon stock’s RSI of 93 is way beyond the overbought threshold of 70. MACD also confirms the signals from Bollinger bands and RSI. The divergence between MACD line and signal line is high at 0.24, highest in last six months.
CHU Technical chart
China Unicom Technical Analysis Charts by amigobulls.com

Cogent Communications Stock Technical Analysis

Cogent Communications (NASDAQ:CCOI) stock price has gone beyond the upper band of Bollinger bands. Cogent Communication stock price has hit the Bollinger bands upper limit in last few trades. This indicates that the stock price is likely to decline. The MACD divergence is also very wide. The RSI indicated that the stock was in oversold zone till Wednesday.
CCOI Technical chart
Cogent Communications Technical Analysis Charts by amigobulls.com

AudioCodes Stock Technical Analysis

AudioCodes (NASDAQ:AUDC) stock is currently in the overbought territory. The RSI of 79.33 is above the overbought threshold of 70. The Bollinger bands also confirm these signals. AudioCode stock has hit the upper band of the Bollinger band, indicating a likely downward movement in price. The MACD divergence between MACD line and signal is also very wide.
AUDC Technical chart
AudioCodes Technical Analysis Charts by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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