COVESTRO AGO.N.
COVESTRO AGO.N.
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: 1COV
ISIN: DE0006062144

COVESTRO AGO.N. - Daily - Technical analysis published on 09/23/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 41.88 EUR
My targets
44.91 EUR (+1.29%)
46.43 EUR (+4.71%)
My analysis
COVESTRO AGO.N. 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 41.88 EUR. The next resistance located at 44.91 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 46.43 EUR. After this resistance, buyers could then target 49.02 EUR.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.7

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:
1H Weekly

Additional analysis

Quotes

The COVESTRO AGO.N. rating is 44.34 EUR. The price is lower by -1.38% since the last closing with the lowest point at 43.46 EUR and the highest point at 44.81 EUR. The deviation from the price is +2.02% for the low point and -1.05% for the high point.

43.46
44.81
44.34

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by COVESTRO AGO.N.:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this COVESTRO AGO.N. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced 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.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.48 39.23 41.88 44.34 44.91 46.43 49.02
Change (%) -42.53% -11.52% -5.55% - +1.29% +4.71% +10.55%
Change -18.86 -5.11 -2.46 - +0.57 +2.09 +4.68
Level Minor Major Intermediate - Major Intermediate 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
Standard43.5944.0844.5245.0145.4545.9446.38
Camarilla44.7044.7944.8844.9645.0545.1345.22
Woodie43.5744.0744.5045.0045.4345.9346.36
Fibonacci44.0844.4444.6645.0145.3745.5945.94


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41.4142.4243.6944.7045.9746.9848.25
Camarilla44.3344.5444.7544.9645.1745.3845.59
Woodie41.5442.4943.8244.7746.1047.0548.38
Fibonacci42.4243.2943.8344.7045.5746.1146.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.1535.7238.4640.0342.7744.3447.08
Camarilla40.0140.4040.8041.1941.5941.9842.38
Woodie34.7336.0139.0440.3243.3544.6347.66
Fibonacci35.7237.3738.3940.0341.6842.7044.34

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): 61.47
MACD (12,26,9): 1.2200
Directional Movement: 8.25
AROON (14): 64.29
DEMA (21): 44.42
Parabolic SAR (0,02-0,02-0,2): 45.71
Elder Ray (13): 0.45
Super Trend (3,10): 41.19
Zig ZAG (10): 44.34
VORTEX (21): 1.1300
Stochastique (14,3,5): 85.16
TEMA (21): 45.46
Williams %R (14): -26.05
Chande Momentum Oscillator (20): 2.87
Repulse (5,40,3): 1.0200
ROCnROLL: 1
TRIX (15,9): 0.3400
Courbe Coppock: 20.47
MA7: 44.80
MA20: 42.51
MA50: 41.35
MA100: 42.01
MAexp7: 44.44
MAexp20: 42.99
MAexp50: 42.13
MAexp100: 43.10
Price / MA7: -1.03%
Price / MA20: +4.30%
Price / MA50: +7.23%
Price / MA100: +5.55%
Price / MAexp7: -0.23%
Price / MAexp20: +3.14%
Price / MAexp50: +5.25%
Price / MAexp100: +2.88%

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

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