COFACE - Daily - Technical analysis published on 01/27/2020 (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
22%
28%
50%
My opinion
Bullish above 10.56 EUR
My targets
11.78 EUR (+2.61%)
My analysis
COFACE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.56 EUR. The next resistance located at 11.78 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.9
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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 COFACE price is 11.48 EUR. On the day, this instrument lost -1.38% and was between 11.43 EUR and 11.64 EUR. This implies that the price is at +0.44% from its lowest and at -1.37% from its highest.11.43
11.64
11.48
Here is a more detailed summary of the historical variations registered by COFACE:
Near a new HIGH record (5 years)
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
Technical analysis of COFACE in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
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:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 9.69 | 10.56 | 11.43 | 11.48 | 11.78 |
| Change (%) | -15.59% | -8.01% | -0.44% | - | +2.61% |
| Change | -1.79 | -0.92 | -0.05 | - | +0.30 |
| Level | Major | Major | Major | - | Major |
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 | 11.31 | 11.41 | 11.52 | 11.62 | 11.73 | 11.83 | 11.94 |
| Camarilla | 11.58 | 11.60 | 11.62 | 11.64 | 11.66 | 11.68 | 11.70 |
| Woodie | 11.33 | 11.41 | 11.54 | 11.62 | 11.75 | 11.83 | 11.96 |
| Fibonacci | 11.41 | 11.49 | 11.54 | 11.62 | 11.70 | 11.75 | 11.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.81 | 11.06 | 11.35 | 11.60 | 11.89 | 12.14 | 12.43 |
| Camarilla | 11.49 | 11.54 | 11.59 | 11.64 | 11.69 | 11.74 | 11.79 |
| Woodie | 10.83 | 11.07 | 11.37 | 11.61 | 11.91 | 12.15 | 12.45 |
| Fibonacci | 11.06 | 11.27 | 11.39 | 11.60 | 11.81 | 11.93 | 12.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.23 | 9.58 | 10.28 | 10.63 | 11.32 | 11.67 | 12.37 |
| Camarilla | 10.68 | 10.78 | 10.87 | 10.97 | 11.07 | 11.16 | 11.26 |
| Woodie | 9.40 | 9.67 | 10.45 | 10.71 | 11.49 | 11.76 | 12.54 |
| Fibonacci | 9.58 | 9.98 | 10.23 | 10.63 | 11.03 | 11.27 | 11.67 |
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): | 57.68 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 11.30 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 11.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.86 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 10.98 | |
| Zig ZAG (10): | 11.48 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 64.95 | |
| TEMA (21): | 11.76 | |
| Williams %R (14): | -51.28 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | -1.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 10.74 |
| MA7: | 11.62 | |
| MA20: | 11.39 | |
| MA50: | 10.74 | |
| MA100: | 10.52 | |
| MAexp7: | 11.57 | |
| MAexp20: | 11.37 | |
| MAexp50: | 10.94 | |
| MAexp100: | 10.56 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +6.89% | |
| Price / MA100: | +9.13% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | +0.97% | |
| Price / MAexp50: | +4.94% | |
| Price / MAexp100: | +8.71% |
News
The latest news and videos published on COFACE at the time of the analysis were as follows:
- COFACE SA: Half-year statement of the liquidity agreement of COFACE SA with ODDO BHF
- AM Best affirms A (Excellent) rating to Coface North America Insurance Company, with stable outlook
- COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at 30 November 2019
- COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at 31 October 2019
- Kevin Major To Head Coface North America’s U.S. Broker Team
This member declared not having a position on this financial instrument or a related financial instrument.
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