Cogent Communications Holdings Inc (CCOI): Price Now Near $72.87; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for CCOI

Currently, CCOI (Get Ratings)’s price is down $-0.77 (-1.05%) from the hour prior. CCOI has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 20 and 50 hour changed directions on CCOI; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Communication stocks, CCOI ranks 68th in regards to today’s price percentage change.

CCOI’s Technical Outlook on the Daily Chart

At the moment, CCOI’s price is down $-0.6 (-0.82%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows CCOI’s price action over the past 90 days.

CCOI

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CCOI: Daily RSI Analysis

  • CCOI’s RSI now stands at 65.0718.
  • CCOI and RSI may be exhibiting divergent trends. This may be something to monitor.

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