COFINIMMO

- EUR (-)

- 15 min delayed data - Euronext Bruxelles

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	COFB
ISIN:	BE0003593044

COFINIMMO - 1H - Technical analysis published on 06/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 57.75 EUR

My targets

55.41 EUR (-3.21%)

53.47 EUR (-6.60%)

My analysis

COFINIMMO is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 57.75 EUR. The next support located at 55.41 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 53.47 EUR. Below this support, sellers could then target 51.03 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.7

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The COFINIMMO price is 57.25 EUR. On the day, this instrument lost -1.04% and was between 57.20 EUR and 57.90 EUR. This implies that the price is at +0.09% from its lowest and at -1.12% from its highest.

57.20

57.90

57.25

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of COFINIMMO in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.47	55.41	57.00	57.25	57.75	58.51	59.05
Change (%)	-6.60%	-3.21%	-0.44%	-	+0.87%	+2.20%	+3.14%
Change	-3.78	-1.84	-0.25	-	+0.50	+1.26	+1.80
Level	Minor	Major	Major	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.65	57.25	57.55	58.15	58.45	59.05	59.35
Camarilla	57.60	57.69	57.77	57.85	57.93	58.02	58.10
Woodie	56.50	57.18	57.40	58.08	58.30	58.98	59.20
Fibonacci	57.25	57.59	57.81	58.15	58.49	58.71	59.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.02	57.03	58.12	60.13	61.22	63.23	64.32
Camarilla	58.35	58.63	58.92	59.20	59.48	59.77	60.05
Woodie	54.55	56.80	57.65	59.90	60.75	63.00	63.85
Fibonacci	57.03	58.22	58.95	60.13	61.32	62.05	63.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.07	53.81	57.31	60.05	63.55	66.29	69.79
Camarilla	59.08	59.66	60.23	60.80	61.37	61.94	62.52
Woodie	51.44	54.00	57.68	60.24	63.92	66.48	70.16
Fibonacci	53.81	56.20	57.67	60.05	62.44	63.91	66.29

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):	34.14
MACD (12,26,9):	-0.2800
Directional Movement:	-19.15
AROON (14):	-57.15
DEMA (21):	57.48
Parabolic SAR (0,02-0,02-0,2):	58.46
Elder Ray (13):	-0.40
Super Trend (3,10):	58.26
Zig ZAG (10):	57.25
VORTEX (21):	1.0000
Stochastique (14,3,5):	8.53
TEMA (21):	57.51
Williams %R (14):	-96.77
Chande Momentum Oscillator (20):	-1.10
Repulse (5,40,3):	-0.2800
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.80

MA7:	58.55
MA20:	59.86
MA50:	58.72
MA100:	56.97
MAexp7:	57.52
MAexp20:	57.85
MAexp50:	58.46
MAexp100:	59.15
Price / MA7:	-2.22%
Price / MA20:	-4.36%
Price / MA50:	-2.50%
Price / MA100:	+0.49%
Price / MAexp7:	-0.47%
Price / MAexp20:	-1.04%
Price / MAexp50:	-2.07%
Price / MAexp100:	-3.21%

Quotes : - 15 min delayed data - Euronext Bruxelles

News

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

Cofinimmo

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

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