|
|
Health Care Supplies Industry Stocks Technical Analysis - COOArchive
- 11/8/2024 -
Sign In to see current Signals. |
The Cooper Companies (COO) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the The Cooper Companies (COO). During the week, the COO dropped -2.00 points, or -1.88%, and closed at 104.20 on Friday, November 8, 2024. Weekly volume was -8% below average.
COO is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See COO long-term trend chart]
A long-term downtrend had started on July 17, 2023 at 399.62 and reached 84.76 on July 5, 2024. COO lost 314.86 points, or 78.79%, in 50 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See COO medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 84.76 and reached 112.38 on September 16, 2024. COO gained -27.62 points, or -32.59%, in 10 weeks. The price is now at the 29.62% retracement level.
 Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 31, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See COO short-term trend chart]
A short-term downtrend had started on September 16, 2024 at 112.38 and reached 101.40 on November 6, 2024. COO lost 10.98 points, or 9.77%, in 51 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See COO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 20, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The distance between the Bollinger Bands is falling, and it was 6.07% on Friday. It is 85.79% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|