Clear Channel Outdoor Holdings Technical Analysis (NYSE:CCO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Clear Channel Outdoor Holdings stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CCO stock chart which creates a trading signal.
See Clear Channel Outdoor Holdings bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for Clear Channel Outdoor Holdings stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Clear Channel Outdoor Holdings Moving Average:
Moving averages show the average price of CCO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CCO moving average implies that Clear Channel Outdoor Holdings stock price is falling.
Clear Channel Outdoor Holdings Bollinger Bands:
Bollinger bands comprise of a center line usually CCO SMA, and two CCO stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Clear Channel Outdoor Holdings bollinger bands show that the stock price is $5.25, upper band is 32.34, lower band is 30.71, and the average is 31.52.
Clear Channel Outdoor Holdings Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Clear Channel Outdoor Holdings MACD indicator is below 0 indicating a bearish trend.
Clear Channel Outdoor Holdings Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of CCO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .