COFINA,SGPS

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CFN
ISIN:	PTCFN0AE0003

COFINA,SGPS - Daily - Technical analysis published on 07/13/2023 (GMT)

Londinia

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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%

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

8.9

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

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

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

The Central Volumes scanner detects abnormal volumes on the asset:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

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

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:

COFINA

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

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