CM.COM - Daily - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 9.037 EUR
My targets
10.163 EUR (+5.53%)
11.360 EUR (+17.96%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CM.COM. This is a positive signal for buyers. As long as the price remains above 9.037 EUR, a purchase could be considered. The first bullish objective is located at 10.163 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.360 EUR as an objective. Crossing it would then enable buyers to target 13.415 EUR. In the event of a return below 9.037 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
0
10
5.2
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Additional analysis
Quotes
The CM.COM rating is 9.630 EUR. The price has increased by +6.35% since the last closing and was between 9.070 EUR and 9.685 EUR. This implies that the price is at +6.17% from its lowest and at -0.57% from its highest.9.070
9.685
9.630
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CM.COM:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this CM.COM chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.710 | 8.330 | 9.037 | 9.630 | 10.163 | 11.360 | 13.415 |
| Change (%) | -19.94% | -13.50% | -6.16% | - | +5.53% | +17.96% | +39.30% |
| Change | -1.920 | -1.300 | -0.593 | - | +0.533 | +1.730 | +3.785 |
| Level | Major | Major | Major | - | Minor | Minor | 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 | 8.748 | 8.902 | 8.978 | 9.132 | 9.208 | 9.362 | 9.438 |
| Camarilla | 8.992 | 9.013 | 9.034 | 9.055 | 9.076 | 9.097 | 9.118 |
| Woodie | 8.710 | 8.883 | 8.940 | 9.113 | 9.170 | 9.343 | 9.400 |
| Fibonacci | 8.902 | 8.990 | 9.044 | 9.132 | 9.220 | 9.274 | 9.362 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.618 | 8.322 | 8.993 | 9.697 | 10.368 | 11.072 | 11.743 |
| Camarilla | 9.287 | 9.413 | 9.539 | 9.665 | 9.791 | 9.917 | 10.043 |
| Woodie | 7.603 | 8.314 | 8.978 | 9.689 | 10.353 | 11.064 | 11.728 |
| Fibonacci | 8.322 | 8.847 | 9.171 | 9.697 | 10.222 | 10.546 | 11.072 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.457 | 6.083 | 6.897 | 8.523 | 9.337 | 10.963 | 11.777 |
| Camarilla | 7.039 | 7.263 | 7.486 | 7.710 | 7.934 | 8.157 | 8.381 |
| Woodie | 4.050 | 5.880 | 6.490 | 8.320 | 8.930 | 10.760 | 11.370 |
| Fibonacci | 6.083 | 7.015 | 7.591 | 8.523 | 9.455 | 10.031 | 10.963 |
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): | 57.42 | |
| MACD (12,26,9): | 0.2350 | |
| Directional Movement: | 13.583 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 9.440 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.373 | |
| Elder Ray (13): | 0.081 | |
| Super Trend (3,10): | 8.843 | |
| Zig ZAG (10): | 9.600 | |
| VORTEX (21): | 1.1140 | |
| Stochastique (14,3,5): | 54.94 | |
| TEMA (21): | 9.661 | |
| Williams %R (14): | -39.02 | |
| Chande Momentum Oscillator (20): | 0.595 | |
| Repulse (5,40,3): | 2.3830 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3530 | |
| Courbe Coppock: | 29.64 |
| MA7: | 9.396 | |
| MA20: | 9.004 | |
| MA50: | 8.871 | |
| MA100: | 9.356 | |
| MAexp7: | 9.410 | |
| MAexp20: | 9.160 | |
| MAexp50: | 9.059 | |
| MAexp100: | 9.523 | |
| Price / MA7: | +2.49% | |
| Price / MA20: | +6.95% | |
| Price / MA50: | +8.56% | |
| Price / MA100: | +2.93% | |
| Price / MAexp7: | +2.34% | |
| Price / MAexp20: | +5.13% | |
| Price / MAexp50: | +6.30% | |
| Price / MAexp100: | +1.12% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The latest news and videos published on CM.COM at the time of the analysis were as follows:
- CM.com Wins Exclusive Ticketing Deal with Glamorgan Cricket
- CM.com Recognized as a Major Player in the 2021 IDC MarketScape for the Worldwide Communication Platform as a Service (CPaaS) Market
- CM.com Commended by Frost & Sullivan for Delivering Next-level Conversational Experiences with Its Conversational AI Cloud
- CM.com opens its first US office in Los Angeles, California
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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