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Health Care Supplies Industry Stocks Technical Analysis - COOArchive
- 4/19/2024 -
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The Cooper Companies (COO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the The Cooper Companies (COO). During the week, the COO dropped -3.10 points, or -3.31%, and closed at 90.42 on Friday, April 19, 2024. Weekly volume was 177% 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 89.41 on April 18, 2024. COO lost 310.21 points, or 77.63%, in 39 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 89.41 on April 18, 2024. COO lost 303.99 points, or 77.27%, in 12 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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. Use the following link to access a MACD help.
 Short-term trend: [See COO short-term trend chart]
A short-term downtrend had started on March 4, 2024 at 104.07 and reached 89.41 on April 18, 2024. COO lost 14.66 points, or 14.09%, in 45 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (94.64) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See COO daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is above its signal line since March 7, 2024. The distance between MACD and the signal line is low and getting smaller.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 17.83% on Friday. It is 57.61% 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
3 |
| Industry |
Health Care Supplies |
12 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
100.85 |
| High Date |
04/04/2024 |
| Low |
89.41 |
| Low Date |
04/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Support |
| Resistance |
98.65 |
| Support |
94.64 |
| High |
104.07 |
| High Date |
03/04/2024 |
| Low |
89.41 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
393.40 |
| High Date |
01/22/2024 |
| Low |
89.41 |
| Low Date |
04/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
399.62 |
| High Date |
07/17/2023 |
| Low |
89.41 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
463.38 |
| High Date |
09/03/2021 |
| Low |
89.41 |
| Low Date |
04/18/2024 |
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