CANCOM SE O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	COK
ISIN:	DE0005419105

CANCOM SE O.N. - Daily - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 28.65 EUR

My targets

31.05 EUR (+5.91%)

33.36 EUR (+13.78%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 28.65 EUR remains possible. It is advisable to trade CANCOM SE O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 28.65 EUR. The next bullish objective for buyers is set at 31.05 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.36 EUR. If there is any crossing, the next objective would be the resistance located at 43.57 EUR. PS: if there is a bearish break in the support located at 28.65 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

1.6

Comment on the analysis

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.

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Additional analysis

Quotes

The CANCOM SE O.N. rating is 29.32 EUR. The price registered a decrease of -0.34% on the session with the lowest point at 29.12 EUR and the highest point at 29.52 EUR. The deviation from the price is +0.69% for the low point and -0.68% for the high point.

29.12

29.52

29.32

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CANCOM SE O.N. in Daily shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.55	26.80	28.65	29.32	29.69	33.36	43.57
Change (%)	-12.86%	-8.59%	-2.29%	-	+1.26%	+13.78%	+48.60%
Change	-3.77	-2.52	-0.67	-	+0.37	+4.04	+14.25
Level	Intermediate	Intermediate	Major	-	Major	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.24	28.58	29.00	29.34	29.76	30.10	30.52
Camarilla	29.21	29.28	29.35	29.42	29.49	29.56	29.63
Woodie	28.28	28.60	29.04	29.36	29.80	30.12	30.56
Fibonacci	28.58	28.87	29.05	29.34	29.63	29.81	30.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.13	28.61	29.25	29.73	30.37	30.85	31.49
Camarilla	29.59	29.70	29.80	29.90	30.00	30.11	30.21
Woodie	28.22	28.65	29.34	29.77	30.46	30.89	31.58
Fibonacci	28.61	29.04	29.30	29.73	30.16	30.42	30.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.01	25.77	27.53	29.29	31.05	32.81	34.57
Camarilla	28.33	28.66	28.98	29.30	29.62	29.95	30.27
Woodie	24.02	25.77	27.54	29.29	31.06	32.81	34.58
Fibonacci	25.77	27.11	27.94	29.29	30.63	31.46	32.81

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):	50.32
MACD (12,26,9):	0.2500
Directional Movement:	0.63
AROON (14):	21.43
DEMA (21):	29.83
Parabolic SAR (0,02-0,02-0,2):	30.60
Elder Ray (13):	-0.21
Super Trend (3,10):	27.69
Zig ZAG (10):	29.30
VORTEX (21):	0.9200
Stochastique (14,3,5):	36.00
TEMA (21):	29.72
Williams %R (14):	-66.35
Chande Momentum Oscillator (20):	-0.80
Repulse (5,40,3):	0.3500
ROCnROLL:	-1
TRIX (15,9):	0.2100
Courbe Coppock:	0.20

MA7:	29.66
MA20:	29.63
MA50:	28.24
MA100:	28.57
MAexp7:	29.52
MAexp20:	29.42
MAexp50:	28.87
MAexp100:	28.34
Price / MA7:	-1.15%
Price / MA20:	-1.05%
Price / MA50:	+3.82%
Price / MA100:	+2.63%
Price / MAexp7:	-0.68%
Price / MAexp20:	-0.34%
Price / MAexp50:	+1.56%
Price / MAexp100:	+3.46%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on CANCOM SE O.N. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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