COFINIMMO - Daily - Technical analysis published on 09/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 61.13 EUR
My targets
67.40 EUR (+2.12%)
73.39 EUR (+11.20%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COFINIMMO as long as the price remains well above 61.13 EUR. The buyers' bullish objective is set at 67.40 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 73.39 EUR. If there is any crossing, the next objective would be the resistance located at 78.87 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COFINIMMO rating is 66.00 EUR. The price registered a decrease of -0.60% on the session and was between 66.00 EUR and 66.95 EUR. This implies that the price is at 0% from its lowest and at -1.42% from its highest.66.00
66.95
66.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new HIGH record (1 year)
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 COFINIMMO chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 55.43 | 61.13 | 65.62 | 66.00 | 67.40 | 73.39 | 78.87 |
Change (%) | -16.02% | -7.38% | -0.58% | - | +2.12% | +11.20% | +19.50% |
Change | -10.57 | -4.87 | -0.38 | - | +1.40 | +7.39 | +12.87 |
Level | Major | Major | Major | - | Major | Minor | Minor |
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 | 65.12 | 65.73 | 66.07 | 66.68 | 67.02 | 67.63 | 67.97 |
Camarilla | 66.14 | 66.23 | 66.31 | 66.40 | 66.49 | 66.57 | 66.66 |
Woodie | 64.98 | 65.66 | 65.93 | 66.61 | 66.88 | 67.56 | 67.83 |
Fibonacci | 65.73 | 66.10 | 66.32 | 66.68 | 67.05 | 67.27 | 67.63 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 63.02 | 64.23 | 65.32 | 66.53 | 67.62 | 68.83 | 69.92 |
Camarilla | 65.77 | 65.98 | 66.19 | 66.40 | 66.61 | 66.82 | 67.03 |
Woodie | 62.95 | 64.20 | 65.25 | 66.50 | 67.55 | 68.80 | 69.85 |
Fibonacci | 64.23 | 65.11 | 65.66 | 66.53 | 67.41 | 67.96 | 68.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 53.55 | 55.85 | 58.80 | 61.10 | 64.05 | 66.35 | 69.30 |
Camarilla | 60.31 | 60.79 | 61.27 | 61.75 | 62.23 | 62.71 | 63.19 |
Woodie | 53.88 | 56.01 | 59.13 | 61.26 | 64.38 | 66.51 | 69.63 |
Fibonacci | 55.85 | 57.86 | 59.10 | 61.10 | 63.11 | 64.35 | 66.35 |
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): | 60.54 | |
MACD (12,26,9): | 1.2600 | |
Directional Movement: | 13.24 | |
AROON (14): | 64.29 | |
DEMA (21): | 66.78 | |
Parabolic SAR (0,02-0,02-0,2): | 67.48 | |
Elder Ray (13): | 0.75 | |
Super Trend (3,10): | 63.46 | |
Zig ZAG (10): | 66.00 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 73.69 | |
TEMA (21): | 67.07 | |
Williams %R (14): | -32.11 | |
Chande Momentum Oscillator (20): | 1.25 | |
Repulse (5,40,3): | -3.2800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3100 | |
Courbe Coppock: | 11.50 |
MA7: | 66.34 | |
MA20: | 64.87 | |
MA50: | 62.44 | |
MA100: | 60.86 | |
MAexp7: | 66.15 | |
MAexp20: | 65.08 | |
MAexp50: | 63.01 | |
MAexp100: | 61.24 | |
Price / MA7: | -0.51% | |
Price / MA20: | +1.74% | |
Price / MA50: | +5.70% | |
Price / MA100: | +8.45% | |
Price / MAexp7: | -0.23% | |
Price / MAexp20: | +1.41% | |
Price / MAexp50: | +4.75% | |
Price / MAexp100: | +7.77% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on COFINIMMO at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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