COECF is trading above its 10 week moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.
COECF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, COECF is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 14 week period.
COECF is trading above the 0.13 Significant Point that would trigger a reversal of the Parabolic SAR's current bullish indication.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 74.09% and above the critical level of 70, suggests that COECF is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when COECF begins to lose strength and RSI dips below 70. (DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bullish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.
All my posts, are only My Opinion
