COHERIS - Daily - Technical analysis published on 02/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 5.00 EUR
My targets
4.41 EUR (-8.13%)
4.16 EUR (-13.33%)
My analysis
COHERIS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.00 EUR. The next support located at 4.41 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.16 EUR. Below this support, sellers could then target 4.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COHERIS price is 4.80 EUR. On the day, this instrument gained +5.26% with the lowest point at 4.80 EUR and the highest point at 4.88 EUR. The deviation from the price is 0% for the low point and -1.64% for the high point.4.80
4.88
4.80
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this COHERIS chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.00 | 4.16 | 4.41 | 4.80 | 5.00 | 5.35 | 5.55 |
| Change (%) | -16.67% | -13.33% | -8.13% | - | +4.17% | +11.46% | +15.63% |
| Change | -0.80 | -0.64 | -0.39 | - | +0.20 | +0.55 | +0.75 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.07 | 4.29 | 4.43 | 4.65 | 4.79 | 5.01 | 5.15 |
| Camarilla | 4.46 | 4.49 | 4.53 | 4.56 | 4.59 | 4.63 | 4.66 |
| Woodie | 4.02 | 4.27 | 4.38 | 4.63 | 4.74 | 4.99 | 5.10 |
| Fibonacci | 4.29 | 4.43 | 4.52 | 4.65 | 4.79 | 4.88 | 5.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.63 | 4.73 | 4.84 | 4.94 | 5.05 | 5.15 | 5.26 |
| Camarilla | 4.88 | 4.90 | 4.92 | 4.94 | 4.96 | 4.98 | 5.00 |
| Woodie | 4.63 | 4.73 | 4.84 | 4.94 | 5.05 | 5.15 | 5.26 |
| Fibonacci | 4.73 | 4.81 | 4.86 | 4.94 | 5.02 | 5.07 | 5.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.40 | 4.70 | 5.00 | 5.30 | 5.60 | 5.90 | 6.20 |
| Camarilla | 5.14 | 5.19 | 5.25 | 5.30 | 5.36 | 5.41 | 5.47 |
| Woodie | 4.40 | 4.70 | 5.00 | 5.30 | 5.60 | 5.90 | 6.20 |
| Fibonacci | 4.70 | 4.93 | 5.07 | 5.30 | 5.53 | 5.67 | 5.90 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.68 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -18.44 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 4.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.03 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 5.25 | |
| Zig ZAG (10): | 4.80 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 29.32 | |
| TEMA (21): | 4.73 | |
| Williams %R (14): | -47.17 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -7.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 8.74 |
| MA7: | 4.85 | |
| MA20: | 4.97 | |
| MA50: | 5.12 | |
| MA100: | 4.94 | |
| MAexp7: | 4.82 | |
| MAexp20: | 4.95 | |
| MAexp50: | 5.03 | |
| MAexp100: | 4.99 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -3.42% | |
| Price / MA50: | -6.25% | |
| Price / MA100: | -2.83% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -3.03% | |
| Price / MAexp50: | -4.57% | |
| Price / MAexp100: | -3.81% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on COHERIS at the time of the generation of this analysis was as follows:
CoherisThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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