COCHLEAR LIMITED - Daily - Technical analysis published on 11/06/2021 (GMT)
- 212
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 227.850 AUD
My targets
243.592 AUD (+3.63%)
251.574 AUD (+7.03%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on COCHLEAR LIMITED as long as the price remains well above 227.850 AUD. The buyers' bullish objective is set at 243.592 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 251.574 AUD. If there is any crossing, the next objective would be the resistance located at 256.090 AUD.
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
4.8
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 knhassan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COCHLEAR LIMITED rating is 235.050 AUD. The price has increased by +1.86% since the last closing and was traded between 231.770 AUD and 236.140 AUD over the period. The price is currently at +1.42% from its lowest and -0.46% from its highest.231.770
236.140
235.050
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COCHLEAR LIMITED chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 212.774 | 218.930 | 227.850 | 235.050 | 238.520 | 243.592 | 251.574 |
| Change (%) | -9.48% | -6.86% | -3.06% | - | +1.48% | +3.63% | +7.03% |
| Change | -22.276 | -16.120 | -7.200 | - | +3.470 | +8.542 | +16.524 |
| Level | Major | Major | Minor | - | 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 | 228.130 | 229.950 | 232.500 | 234.320 | 236.870 | 238.690 | 241.240 |
| Camarilla | 233.848 | 234.249 | 234.649 | 235.050 | 235.451 | 235.851 | 236.252 |
| Woodie | 228.495 | 230.133 | 232.865 | 234.503 | 237.235 | 238.873 | 241.605 |
| Fibonacci | 229.950 | 231.619 | 232.651 | 234.320 | 235.989 | 237.021 | 238.690 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.397 | 215.763 | 225.407 | 230.773 | 240.417 | 245.783 | 255.427 |
| Camarilla | 230.922 | 232.298 | 233.674 | 235.050 | 236.426 | 237.802 | 239.178 |
| Woodie | 212.535 | 216.833 | 227.545 | 231.843 | 242.555 | 246.853 | 257.565 |
| Fibonacci | 215.763 | 221.497 | 225.040 | 230.773 | 236.507 | 240.050 | 245.783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 194.617 | 203.233 | 211.837 | 220.453 | 229.057 | 237.673 | 246.277 |
| Camarilla | 215.705 | 217.283 | 218.862 | 220.440 | 222.019 | 223.597 | 225.176 |
| Woodie | 194.610 | 203.230 | 211.830 | 220.450 | 229.050 | 237.670 | 246.270 |
| Fibonacci | 203.233 | 209.811 | 213.875 | 220.453 | 227.031 | 231.095 | 237.673 |
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): | 59.91 | |
| MACD (12,26,9): | 0.8290 | |
| Directional Movement: | 3.595 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 223.853 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.839 | |
| Elder Ray (13): | 4.699 | |
| Super Trend (3,10): | 215.250 | |
| Zig ZAG (10): | 230.770 | |
| VORTEX (21): | 1.0730 | |
| Stochastique (14,3,5): | 87.42 | |
| TEMA (21): | 227.443 | |
| Williams %R (14): | -0.71 | |
| Chande Momentum Oscillator (20): | 11.480 | |
| Repulse (5,40,3): | -0.0280 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 9.48 |
| MA7: | 226.394 | |
| MA20: | 221.023 | |
| MA50: | 226.312 | |
| MA100: | 235.803 | |
| MAexp7: | 226.491 | |
| MAexp20: | 223.810 | |
| MAexp50: | 226.557 | |
| MAexp100: | 228.866 | |
| Price / MA7: | +3.82% | |
| Price / MA20: | +6.35% | |
| Price / MA50: | +3.86% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | +3.78% | |
| Price / MAexp20: | +5.02% | |
| Price / MAexp50: | +3.75% | |
| Price / MAexp100: | +2.70% |
Quotes :
-
End-of-day data
-
Australia Stocks
News
Don't forget to follow the news on COCHLEAR LIMITED. At the time of publication of this analysis, the latest news was as follows:
- Cochlear announces FDA approval and FDA clearance of first-of-its-kind Remote Care capabilities for Nucleus and Baha Systems
- 'The Incredible Hulk' Lou Ferrigno hears with a cochlear implant
- New Cochlear CoPilot app to help adults improve hearing outcomes through skills training
- Cochlear receives FDA clearance of Baha 6 Max, industry's smallest 55 dB sound processor now with direct Android streaming
- Cochlear welcomes landmark WHO report calling on governments and societies to prioritize hearing health
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…
Add a comment
Comments
0 comments on the analysis COCHLEAR LIMITED - Daily