COECF is trading above its 10 week simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest.
COECF is trading within its price channel.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI recently dropped to 60.61% from above the critical level of 70. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.(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..Williams %R recently dropped to -23.15% from above the critical level of -20. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.
All my posts, are only My Opinion
