CANCOM SE O.N. - 1H - Technical analysis published on 02/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 33.56 EUR
My targets
34.18 EUR (+1.24%)
35.34 EUR (+4.68%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CANCOM SE O.N. as long as the price remains well above 33.56 EUR. The buyers' bullish objective is set at 34.18 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.34 EUR. If there is any crossing, the next objective would be the resistance located at 36.81 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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Additional analysis
Quotes
The CANCOM SE O.N. rating is 33.76 EUR. The price has increased by +0.36% since the last closing and was traded between 33.20 EUR and 33.92 EUR over the period. The price is currently at +1.69% from its lowest and -0.47% from its highest.33.20
33.92
33.76
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 1H of this CANCOM SE O.N. chart shows a strongly bullish trend. 85.71% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 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 : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.31 | 32.25 | 33.56 | 33.76 | 34.18 | 35.34 | 36.81 |
| Change (%) | -7.26% | -4.47% | -0.59% | - | +1.24% | +4.68% | +9.03% |
| Change | -2.45 | -1.51 | -0.20 | - | +0.42 | +1.58 | +3.05 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.46 | 32.80 | 33.22 | 33.56 | 33.98 | 34.32 | 34.74 |
| Camarilla | 33.43 | 33.50 | 33.57 | 33.64 | 33.71 | 33.78 | 33.85 |
| Woodie | 32.50 | 32.82 | 33.26 | 33.58 | 34.02 | 34.34 | 34.78 |
| Fibonacci | 32.80 | 33.09 | 33.27 | 33.56 | 33.85 | 34.03 | 34.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.31 | 28.15 | 30.37 | 32.21 | 34.43 | 36.27 | 38.49 |
| Camarilla | 31.48 | 31.86 | 32.23 | 32.60 | 32.97 | 33.34 | 33.72 |
| Woodie | 26.51 | 28.25 | 30.57 | 32.31 | 34.63 | 36.37 | 38.69 |
| Fibonacci | 28.15 | 29.70 | 30.66 | 32.21 | 33.76 | 34.72 | 36.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.13 | 24.35 | 27.95 | 31.17 | 34.77 | 37.99 | 41.59 |
| Camarilla | 29.69 | 30.31 | 30.94 | 31.56 | 32.19 | 32.81 | 33.44 |
| Woodie | 21.33 | 24.45 | 28.15 | 31.27 | 34.97 | 38.09 | 41.79 |
| Fibonacci | 24.35 | 26.95 | 28.56 | 31.17 | 33.77 | 35.38 | 37.99 |
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): | 59.77 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | -2.60 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 33.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.17 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 32.88 | |
| Zig ZAG (10): | 33.76 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 75.21 | |
| TEMA (21): | 33.71 | |
| Williams %R (14): | -20.51 | |
| Chande Momentum Oscillator (20): | 0.30 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.77 |
| MA7: | 33.34 | |
| MA20: | 32.27 | |
| MA50: | 30.81 | |
| MA100: | 28.99 | |
| MAexp7: | 33.68 | |
| MAexp20: | 33.54 | |
| MAexp50: | 33.17 | |
| MAexp100: | 32.72 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +4.62% | |
| Price / MA50: | +9.57% | |
| Price / MA100: | +16.45% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +3.18% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on CANCOM SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: CANCOM: Second half-year brings 7.5 percent revenue growth. Executive Board announces programme to increase profitability.
- EQS-Adhoc: CANCOM SE: Revenue, ARR and gross profit reach target corridors for 2022. EBITDA and EBITA lower than forecast due to one-off special effects.
- EQS-News: CANCOM SE: Endpoint management specialist NWC Services becomes part of the CANCOM Group
- EQS-News: CANCOM: Around 11 percent growth in the third quarter of 2022
- EQS-Adhoc: CANCOM SE: 11 percent revenue growth in Q3 2022 but also higher expenses. New revised annual forecast with target corridors published.
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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