Cogent Communications Holdings Inc (CCOI): Price Up $0.08 (0.1)% Over Past Day, Up $0.08 (0.1)% Over Past Hour

The Hourly View for CCOI

At the moment, CCOI (Get Ratings)’s price is up $0.08 (0.1%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as CCOI has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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.

CCOI ranks 12th in terms of today’s price percentage change out of Communication stocks.

CCOI’s Technical Outlook on the Daily Chart

At the moment, CCOI’s price is up $0.08 (0.1%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. 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

  • For CCOI, its RSI is now at 36.1702.
  • CCOI and RSI may be exhibiting divergent trends. This may be something to monitor.

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