COFINIMMO
COFINIMMO
- EUR (-)
- 15 min delayed data - Euronext Bruxelles
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: COFB
ISIN: BE0003593044

COFINIMMO - Daily - Technical analysis published on 04/14/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 78.20 EUR
My targets
91.20 EUR (+6.73%)
94.03 EUR (+10.04%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for COFINIMMO as long as the price remains well above 78.20 EUR. The buyers' bullish objective is set at 91.20 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 94.03 EUR. If there is any crossing, the next objective would be the resistance located at 105.69 EUR.

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
4.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The COFINIMMO price is 85.45 EUR. The price registered an increase of +1.36% on the session and was between 84.40 EUR and 86.00 EUR. This implies that the price is at +1.24% from its lowest and at -0.64% from its highest.

84.40
86.00
85.45

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of COFINIMMO indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


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:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 65.60 78.20 84.77 85.45 91.20 94.03 105.69
Change (%) -23.23% -8.48% -0.80% - +6.73% +10.04% +23.69%
Change -19.85 -7.25 -0.68 - +5.75 +8.58 +20.24
Level Major Major Major - Intermediate Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.8882.8783.5884.5785.2886.2786.98
Camarilla83.8383.9984.1484.3084.4684.6184.77
Woodie81.7582.8083.4584.5085.1586.2086.85
Fibonacci82.8783.5283.9284.5785.2285.6286.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard78.5079.5081.5082.5084.5085.5087.50
Camarilla82.6882.9583.2383.5083.7884.0584.33
Woodie79.0079.7582.0082.7585.0085.7588.00
Fibonacci79.5080.6581.3582.5083.6584.3585.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard66.2871.6276.5881.9286.8892.2297.18
Camarilla78.7279.6680.6181.5582.4983.4484.38
Woodie66.1071.5376.4081.8386.7092.1397.00
Fibonacci71.6275.5577.9881.9285.8588.2892.22

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): 59.05
MACD (12,26,9): 0.3600
Directional Movement: 6.39
AROON (14): 78.57
DEMA (21): 82.84
Parabolic SAR (0,02-0,02-0,2): 80.73
Elder Ray (13): 2.14
Super Trend (3,10): 79.26
Zig ZAG (10): 85.40
VORTEX (21): 1.0300
Stochastique (14,3,5): 85.84
TEMA (21): 83.94
Williams %R (14): -8.60
Chande Momentum Oscillator (20): 6.75
Repulse (5,40,3): 1.0700
ROCnROLL: 1
TRIX (15,9): -0.0800
Courbe Coppock: 9.52
MA7: 83.76
MA20: 81.56
MA50: 83.97
MA100: 84.55
MAexp7: 83.94
MAexp20: 82.76
MAexp50: 83.42
MAexp100: 85.44
Price / MA7: +2.02%
Price / MA20: +4.77%
Price / MA50: +1.76%
Price / MA100: +1.06%
Price / MAexp7: +1.80%
Price / MAexp20: +3.25%
Price / MAexp50: +2.43%
Price / MAexp100: +0.01%

Quotes : - 15 min delayed data - Euronext Bruxelles

News


The last news published on COFINIMMO at the time of the generation of this analysis was as follows:

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

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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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