COVIVIO HOTELS - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 26.7 EUR
My targets
27.8 EUR (+0.72%)
28.3 EUR (+2.54%)
My analysis
The bullish trend is currently very strong on COVIVIO HOTELS. As long as the price remains above the support at 26.7 EUR, you could try to benefit from the boom. The first bullish objective is located at 27.8 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.3 EUR as an objective. Crossing it would then enable buyers to target 29.7 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COVIVIO HOTELS rating is 27.6 EUR. The price registered an increase of +0.00% on the session and was traded between 27.3 EUR and 27.6 EUR over the period. The price is currently at +1.10% from its lowest and 0% from its highest.27.3
27.6
27.6
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COVIVIO HOTELS 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.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
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 | 24.7 | 25.4 | 26.7 | 27.6 | 27.8 | 28.3 | 29.7 |
| Change (%) | -10.51% | -7.97% | -3.26% | - | +0.72% | +2.54% | +7.61% |
| Change | -2.9 | -2.2 | -0.9 | - | +0.2 | +0.7 | +2.1 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.6 | 26.8 | 27.2 | 27.4 | 27.8 | 28.0 | 28.4 |
| Camarilla | 27.4 | 27.5 | 27.6 | 27.6 | 27.7 | 27.7 | 27.8 |
| Woodie | 26.7 | 26.9 | 27.3 | 27.5 | 27.9 | 28.1 | 28.5 |
| Fibonacci | 26.8 | 27.0 | 27.2 | 27.4 | 27.6 | 27.8 | 28.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.6 | 26.8 | 27.2 | 27.4 | 27.8 | 28.0 | 28.4 |
| Camarilla | 27.4 | 27.5 | 27.6 | 27.6 | 27.7 | 27.7 | 27.8 |
| Woodie | 26.7 | 26.9 | 27.3 | 27.5 | 27.9 | 28.1 | 28.5 |
| Fibonacci | 26.8 | 27.0 | 27.2 | 27.4 | 27.6 | 27.8 | 28.0 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.4 | 24.9 | 26.1 | 26.6 | 27.8 | 28.3 | 29.5 |
| Camarilla | 26.7 | 26.9 | 27.0 | 27.2 | 27.4 | 27.5 | 27.7 |
| Woodie | 24.7 | 25.1 | 26.4 | 26.8 | 28.1 | 28.5 | 29.8 |
| Fibonacci | 24.9 | 25.6 | 26.0 | 26.6 | 27.3 | 27.7 | 28.3 |
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): | 59.60 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 18.5 | |
| AROON (14): | 14.3 | |
| DEMA (21): | 27.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.0 | |
| Elder Ray (13): | 0.2 | |
| Super Trend (3,10): | 26.2 | |
| Zig ZAG (10): | 27.6 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 72.10 | |
| TEMA (21): | 27.5 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | -0.2 | |
| Repulse (5,40,3): | 3.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 27.4 | |
| MA20: | 27.2 | |
| MA50: | 26.5 | |
| MA100: | 26.3 | |
| MAexp7: | 27.4 | |
| MAexp20: | 27.2 | |
| MAexp50: | 26.8 | |
| MAexp100: | 26.5 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +1.47% | |
| Price / MA50: | +4.15% | |
| Price / MA100: | +4.94% | |
| Price / MAexp7: | +0.73% | |
| Price / MAexp20: | +1.47% | |
| Price / MAexp50: | +2.99% | |
| Price / MAexp100: | +4.15% |
News
Don"t forget to follow the news on COVIVIO HOTELS. At the time of publication of this analysis, the latest news was as follows:
Fonciere des MursThis member declared not having a position on this financial instrument or a related financial instrument.
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