COFINA,SGPS - Daily - Technical analysis published on 07/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.395 EUR
My targets
0.454 EUR (+5.58%)
0.489 EUR (+13.65%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COFINA,SGPS as long as the price remains well above 0.395 EUR. The buyers' bullish objective is set at 0.454 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.489 EUR. If there is any crossing, the next objective would be the resistance located at 0.615 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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
COFINA,SGPS rating 0.430 EUR. On the day, this instrument gained +3.87% and was traded between 0.412 EUR and 0.430 EUR over the period. The price is currently at +4.37% from its lowest and 0% from its highest.0.412
0.430
0.430
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this COFINA,SGPS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.253 | 0.292 | 0.339 | 0.430 | 0.432 | 0.454 | 0.615 |
Change (%) | -41.16% | -32.09% | -21.16% | - | +0.47% | +5.58% | +43.02% |
Change | -0.177 | -0.138 | -0.091 | - | +0.002 | +0.024 | +0.185 |
Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.389 | 0.397 | 0.405 | 0.413 | 0.421 | 0.429 | 0.437 |
Camarilla | 0.410 | 0.411 | 0.413 | 0.414 | 0.416 | 0.417 | 0.418 |
Woodie | 0.390 | 0.397 | 0.406 | 0.413 | 0.422 | 0.429 | 0.438 |
Fibonacci | 0.397 | 0.403 | 0.407 | 0.413 | 0.419 | 0.423 | 0.429 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.189 | 0.275 | 0.329 | 0.415 | 0.469 | 0.555 | 0.609 |
Camarilla | 0.346 | 0.358 | 0.371 | 0.384 | 0.397 | 0.410 | 0.423 |
Woodie | 0.174 | 0.267 | 0.314 | 0.407 | 0.454 | 0.547 | 0.594 |
Fibonacci | 0.275 | 0.328 | 0.361 | 0.415 | 0.468 | 0.501 | 0.555 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.207 | 0.241 | 0.301 | 0.335 | 0.395 | 0.429 | 0.489 |
Camarilla | 0.334 | 0.343 | 0.351 | 0.360 | 0.369 | 0.377 | 0.386 |
Woodie | 0.219 | 0.248 | 0.313 | 0.342 | 0.407 | 0.436 | 0.501 |
Fibonacci | 0.241 | 0.277 | 0.299 | 0.335 | 0.371 | 0.393 | 0.429 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 73.03 | |
MACD (12,26,9): | 0.0350 | |
Directional Movement: | 31.153 | |
AROON (14): | 21.428 | |
DEMA (21): | 0.405 | |
Parabolic SAR (0,02-0,02-0,2): | 0.369 | |
Elder Ray (13): | 0.039 | |
Super Trend (3,10): | 0.377 | |
Zig ZAG (10): | 0.430 | |
VORTEX (21): | 1.0810 | |
Stochastique (14,3,5): | 63.30 | |
TEMA (21): | 0.424 | |
Williams %R (14): | -32.11 | |
Chande Momentum Oscillator (20): | 0.132 | |
Repulse (5,40,3): | 9.3410 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.3190 | |
Courbe Coppock: | 75.23 |
MA7: | 0.400 | |
MA20: | 0.349 | |
MA50: | 0.304 | |
MA100: | 0.280 | |
MAexp7: | 0.403 | |
MAexp20: | 0.363 | |
MAexp50: | 0.320 | |
MAexp100: | 0.290 | |
Price / MA7: | +7.50% | |
Price / MA20: | +23.21% | |
Price / MA50: | +41.45% | |
Price / MA100: | +53.57% | |
Price / MAexp7: | +6.70% | |
Price / MAexp20: | +18.46% | |
Price / MAexp50: | +34.38% | |
Price / MAexp100: | +48.28% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
The latest news and videos published on COFINA,SGPS at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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