Clear Channel Outdoor Holdings Inc Stock Forecast
Green day on Thursday for Clear Channel Outdoor Holdings Inc stock after gaining 0.699%
(Updated on Apr 18, 2024)
The Clear Channel Outdoor Holdings Inc stock price gained 0.699% on the last trading day (Thursday, 18th Apr 2024), rising from $1.43 to $1.44. During the last trading day the stock fluctuated 4.96% from a day low at $1.41 to a day high of $1.48. The price has fallen in 7 of the last 10 days and is down by -14.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.82 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.43 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.10% during the next 3 months and, with a 90% probability hold a price between $1.24 and $1.58 at the end of this 3-month period.
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CCO Signals & Forecast
There are mixed signals in the stock today. The Clear Channel Outdoor Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.49 and $1.62. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.699%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Clear Channel Outdoor Holdings Inc stock
Clear Channel Outdoor Holdings Inc finds support from accumulated volume at $1.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 5.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Clear Channel Outdoor Holdings Inc to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.35 and $1.53, which gives a possible trading interval of +/-$0.0916 (+/-6.36%) up or down from last closing price. If Clear Channel Outdoor Holdings Inc takes out the full calculated possible swing range there will be an estimated 12.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.43 (0.69%) than the resistance at $1.54 (6.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Clear Channel Outdoor Holdings Inc stock A Buy?
Clear Channel Outdoor Holdings Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.711 Sell Candidate Unchanged
Predicted Opening Price for Clear Channel Outdoor Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.44 ( 0.231%) | $1.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 5.09 % | |
| R2 | 1.49 | 3.24 % | ||
| R1 | 1.47 | 2.09 % | ||
| Current price: | 1.44 | |||
| Support | S1 | 1.42 | -1.63 % | |
| S2 | 1.40 | -2.77 % | ||
| S3 | 1.37 | -4.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.65 | 14.58 % | |
| R2 | 1.56 | 8.33 % | ||
| R1 | 1.54 | 6.94 % | ||
| Current price | 1.44 | |||
| Support | S1 | 1.43 | -0.694% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2018 | Jan 25, 2018 | Jan 24, 2018 | $0.0820 | 1.71% |
| 2 | Oct 12, 2017 | Nov 01, 2017 | Oct 31, 2017 | $0.0690 | 1.82% |
| 3 | Sep 18, 2017 | Oct 06, 2017 | Oct 05, 2017 | $0.0690 | 1.44% |
| 4 | Feb 10, 2017 | Feb 24, 2017 | Feb 23, 2017 | $0.780 | 14.86% |
| 5 | Jan 21, 2016 | Feb 05, 2016 | Feb 04, 2016 | $1.49 | 27.16% |
FAQ
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