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Advanced TA SearchArchive
- 5/10/2024 -
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The Cooper Companies (COO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 4 consecutive negative weeks for the The Cooper Companies (COO). During the week, the COO gained 4.12 points, or 4.55%, and closed at 94.76 on Friday, May 10, 2024. It was the best weekly gain since March 1, 2024. Weekly volume was 77% above average.
COO is a member of Health Care Supplies Industry. Health Care Supplies is the third most oversold industry. 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 87.96 on May 2, 2024. COO lost 311.66 points, or 77.99%, in 41 weeks. Price is near the trend low.
Medium-term trend: [See COO medium-term trend chart]
A medium-term downtrend had started on January 22, 2024 at 393.40 and reached 87.96 on May 2, 2024. COO lost 305.44 points, or 77.64%, in 14 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 16, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See COO short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 87.96 and reached 95.24 on May 10, 2024. COO gained -7.28 points, or -8.28%, in 8 days. The price is now at the 6.59% retracement level.
 Daily Technical Indicators: [See COO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since March 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.09% on Friday. It is 83.36% 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.
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