CORBION

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CRBN
ISIN:	NL0010583399

CORBION - Daily - Technical analysis published on 11/29/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 40.70 EUR

My targets

43.50 EUR (+1.87%)

My analysis

CORBION 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 40.70 EUR. The next resistance located at 43.50 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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.

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

Additional analysis

Quotes

The CORBION price is 42.70 EUR. On the day, this instrument gained +2.89% and was between 41.45 EUR and 42.70 EUR. This implies that the price is at +3.02% from its lowest and at 0% from its highest.

41.45

42.70

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

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 results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CORBION chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	29.74	31.65	35.68	42.70	43.50
Change (%)	-30.35%	-25.88%	-16.44%	-	+1.87%
Change	-12.96	-11.05	-7.02	-	+0.80
Level	Major	Major	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	40.20	40.60	41.05	41.45	41.90	42.30	42.75
Camarilla	41.27	41.34	41.42	41.50	41.58	41.66	41.73
Woodie	40.23	40.61	41.08	41.46	41.93	42.31	42.78
Fibonacci	40.60	40.93	41.13	41.45	41.78	41.98	42.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.60	41.15	41.60	42.15	42.60	43.15	43.60
Camarilla	41.78	41.87	41.96	42.05	42.14	42.23	42.33
Woodie	40.55	41.13	41.55	42.13	42.55	43.13	43.55
Fibonacci	41.15	41.53	41.77	42.15	42.53	42.77	43.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.65	35.20	37.15	40.70	42.65	46.20	48.15
Camarilla	37.59	38.09	38.60	39.10	39.60	40.11	40.61
Woodie	30.85	34.80	36.35	40.30	41.85	45.80	47.35
Fibonacci	35.20	37.30	38.60	40.70	42.80	44.10	46.20

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):	56.17
MACD (12,26,9):	0.1600
Directional Movement:	-2.31
AROON (14):	-78.57
DEMA (21):	41.97
Parabolic SAR (0,02-0,02-0,2):	43.25
Elder Ray (13):	0.31
Super Trend (3,10):	39.38
Zig ZAG (10):	42.70
VORTEX (21):	1.0600
Stochastique (14,3,5):	53.73
TEMA (21):	41.66
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.10
Repulse (5,40,3):	2.6600
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.43

MA7:	41.69
MA20:	41.97
MA50:	41.33
MA100:	38.16
MAexp7:	41.80
MAexp20:	41.71
MAexp50:	40.78
MAexp100:	38.65
Price / MA7:	+2.42%
Price / MA20:	+1.74%
Price / MA50:	+3.31%
Price / MA100:	+11.90%
Price / MAexp7:	+2.15%
Price / MAexp20:	+2.37%
Price / MAexp50:	+4.71%
Price / MAexp100:	+10.48%

Quotes : 2020-11-27 16:34:59 - 15 min delayed data - Euronext Amsterdam

News

Don"t forget to follow the news on CORBION. At the time of publication of this analysis, the latest news was as follows:

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

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