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 - Weekly - Technical analysis published on 11/19/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 0.406 EUR

My targets

0.463 EUR (+4.75%)

0.525 EUR (+18.71%)

My analysis

COFINA,SGPS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.406 EUR. The next resistance located at 0.463 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.525 EUR. After this resistance, buyers could then target 0.615 EUR. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

6.6

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.

This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The COFINA,SGPS price is 0.442 EUR. The price registered a decrease of -1.34% over 5 days and was traded between 0.430 EUR and 0.452 EUR over the period. The price is currently at +2.79% from its lowest point and -2.21% from its highest point.

0.430

0.452

0.442

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Weekly chart of COFINA,SGPS indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.227	0.292	0.406	0.442	0.463	0.615	0.968
Change (%)	-48.64%	-33.94%	-8.14%	-	+4.75%	+39.14%	+119.00%
Change	-0.215	-0.150	-0.036	-	+0.021	+0.173	+0.526
Level	Major	Intermediate	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.439	0.441	0.441	0.443	0.443	0.445	0.445
Camarilla	0.442	0.442	0.442	0.442	0.442	0.442	0.443
Woodie	0.439	0.441	0.441	0.443	0.443	0.445	0.445
Fibonacci	0.441	0.441	0.442	0.443	0.443	0.444	0.445

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.389	0.407	0.427	0.445	0.465	0.483	0.503
Camarilla	0.438	0.441	0.445	0.448	0.452	0.455	0.459
Woodie	0.391	0.408	0.429	0.446	0.467	0.484	0.505
Fibonacci	0.407	0.421	0.430	0.445	0.459	0.468	0.483

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.347	0.377	0.421	0.451	0.495	0.525	0.569
Camarilla	0.446	0.452	0.459	0.466	0.473	0.480	0.486
Woodie	0.355	0.381	0.429	0.455	0.503	0.529	0.577
Fibonacci	0.377	0.405	0.422	0.451	0.479	0.496	0.525

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.76
MACD (12,26,9):	0.0340
Directional Movement:	10.846
AROON (14):	21.428
DEMA (21):	0.469
Parabolic SAR (0,02-0,02-0,2):	0.489
Elder Ray (13):	0.004
Super Trend (3,10):	0.348
Zig ZAG (10):	0.442
VORTEX (21):	1.1310
Stochastique (14,3,5):	59.46
TEMA (21):	0.468
Williams %R (14):	-51.35
Chande Momentum Oscillator (20):	0.008
Repulse (5,40,3):	5.6890
ROCnROLL:	1
TRIX (15,9):	1.7110
Courbe Coppock:	9.25

MA7:	0.447
MA20:	0.451
MA50:	0.442
MA100:	0.440
MAexp7:	0.445
MAexp20:	0.420
MAexp50:	0.355
MAexp100:	0.309
Price / MA7:	-1.12%
Price / MA20:	-2.00%
Price / MA50:	-0%
Price / MA100:	+0.45%
Price / MAexp7:	-0.67%
Price / MAexp20:	+5.24%
Price / MAexp50:	+24.51%
Price / MAexp100:	+43.04%

Quotes : - 15 min delayed data - Euronext Lisbonne

News

Don't forget to follow the news on COFINA,SGPS. At the time of publication of this analysis, the latest news was as follows:

COFINA

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

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