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Downtrend Broken Resist.Archive
- 5/2/2025 -
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The Cooper Companies (COO) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the The Cooper Companies (COO). During the week, the COO gained 1.41 points, or 1.74%, and closed at 82.30 on Friday, May 2, 2025. Weekly volume was 7% above average.
 Long-term trend: [See COO long-term trend chart]
A long-term downtrend had started on July 17, 2023 at 399.62 and reached 69.81 on April 9, 2025. COO lost 329.81 points, or 82.53%, in 90 weeks. Price is near the trend low.
 Medium-term trend: [See COO medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 112.38 and reached 69.81 on April 9, 2025. COO lost 42.57 points, or 37.88%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 65.26 and resistance is at 92.15. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 17, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 April 9, 2025 at 69.81 and reached 83.42 on May 2, 2025. COO gained -13.61 points, or -19.50%, in 23 days. The price is now at the 8.23% retracement level.
 Daily Technical Indicators: [See COO daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 11, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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