COSTAMARE INC. - Daily - Technical analysis published on 03/05/2020 (GMT)
- 353
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 6.53 USD
My targets
6.20 USD (-1.59%)
5.51 USD (-12.54%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COSTAMARE INC. as long as the price remains well below 6.53 USD. The sellers” bearish objective is set at 6.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.51 USD. In case of crossing, the next objective would be the support located at 4.95 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COSTAMARE INC. rating 6.30 USD. The price is lower by -2.63% since the last closing with the lowest point at 6.26 USD and the highest point at 6.46 USD. The deviation from the price is +0.64% for the low point and -2.48% for the high point.6.26
6.46
6.30
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COSTAMARE INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COSTAMARE INC. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4.95 | 5.51 | 6.20 | 6.30 | 6.95 | 7.54 | 8.28 |
| Change (%) | -21.43% | -12.54% | -1.59% | - | +10.32% | +19.68% | +31.43% |
| Change | -1.35 | -0.79 | -0.10 | - | +0.65 | +1.24 | +1.98 |
| Level | Intermediate | Major | Major | - | Minor | Major | Major |
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 | 6.14 | 6.24 | 6.36 | 6.46 | 6.58 | 6.68 | 6.80 |
| Camarilla | 6.41 | 6.43 | 6.45 | 6.47 | 6.49 | 6.51 | 6.53 |
| Woodie | 6.14 | 6.25 | 6.36 | 6.47 | 6.58 | 6.69 | 6.80 |
| Fibonacci | 6.24 | 6.33 | 6.38 | 6.46 | 6.55 | 6.60 | 6.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.34 | 5.73 | 6.13 | 6.53 | 6.92 | 7.32 | 7.72 |
| Camarilla | 6.31 | 6.39 | 6.46 | 6.53 | 6.60 | 6.68 | 6.75 |
| Woodie | 5.34 | 5.73 | 6.13 | 6.53 | 6.93 | 7.32 | 7.72 |
| Fibonacci | 5.73 | 6.04 | 6.22 | 6.53 | 6.83 | 7.02 | 7.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.54 | 4.83 | 5.68 | 6.98 | 7.82 | 9.12 | 9.97 |
| Camarilla | 5.94 | 6.14 | 6.33 | 6.53 | 6.73 | 6.92 | 7.12 |
| Woodie | 3.32 | 4.72 | 5.46 | 6.86 | 7.60 | 9.01 | 9.75 |
| Fibonacci | 4.83 | 5.65 | 6.16 | 6.98 | 7.79 | 8.30 | 9.12 |
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): | 28.71 | |
| MACD (12,26,9): | -0.5700 | |
| Directional Movement: | -22.42 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 6.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.68 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 7.41 | |
| Zig ZAG (10): | 6.28 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 14.18 | |
| TEMA (21): | 6.07 | |
| Williams %R (14): | -89.63 | |
| Chande Momentum Oscillator (20): | -1.20 | |
| Repulse (5,40,3): | -3.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0300 | |
| Courbe Coppock: | 32.54 |
| MA7: | 6.42 | |
| MA20: | 7.06 | |
| MA50: | 8.37 | |
| MA100: | 8.19 | |
| MAexp7: | 6.48 | |
| MAexp20: | 7.03 | |
| MAexp50: | 7.75 | |
| MAexp100: | 7.74 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | -10.76% | |
| Price / MA50: | -24.73% | |
| Price / MA100: | -23.08% | |
| Price / MAexp7: | -2.78% | |
| Price / MAexp20: | -10.38% | |
| Price / MAexp50: | -18.71% | |
| Price / MAexp100: | -18.60% |
News
Don"t forget to follow the news on COSTAMARE INC.. At the time of publication of this analysis, the latest news was as follows:
- Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for the Year Ended December 31, 2019
- Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2019
- Costamare Inc. Confirms Date for Its Fourth Quarter 2019 Results Release
- Costamare Inc. Sets the Date for Its Fourth Quarter 2019 Results Release, Conference Call and Webcast
- Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
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 COSTAMARE INC. - Daily