CANCOM SE O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	COK
ISIN:	DE0005419105

CANCOM SE O.N. - Daily - Technical analysis published on 05/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 30.41 EUR

My targets

27.21 EUR (-7.20%)

24.94 EUR (-14.94%)

My analysis

CANCOM SE O.N. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 30.41 EUR. The next support located at 27.21 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.94 EUR. Below this support, sellers could then target 23.34 EUR. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.9

Comment on the analysis

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.

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Additional analysis

Quotes

The CANCOM SE O.N. rating is 29.32 EUR. The price registered an increase of +0.90% on the session and was traded between 29.10 EUR and 29.54 EUR over the period. The price is currently at +0.76% from its lowest and -0.74% from its highest.

29.10

29.54

29.32

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of CANCOM SE O.N. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

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 resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.94	27.21	28.98	29.32	30.41	32.25	34.19
Change (%)	-14.94%	-7.20%	-1.16%	-	+3.72%	+9.99%	+16.61%
Change	-4.38	-2.11	-0.34	-	+1.09	+2.93	+4.87
Level	Minor	Major	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.00	28.26	28.66	28.92	29.32	29.58	29.98
Camarilla	28.88	28.94	29.00	29.06	29.12	29.18	29.24
Woodie	28.07	28.30	28.73	28.96	29.39	29.62	30.05
Fibonacci	28.26	28.51	28.67	28.92	29.17	29.33	29.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.75	26.87	27.97	29.09	30.19	31.31	32.41
Camarilla	28.45	28.65	28.86	29.06	29.26	29.47	29.67
Woodie	25.73	26.87	27.95	29.09	30.17	31.31	32.39
Fibonacci	26.87	27.72	28.25	29.09	29.94	30.47	31.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.86	28.04	30.30	31.48	33.74	34.92	37.18
Camarilla	31.61	31.93	32.25	32.56	32.88	33.19	33.51
Woodie	27.40	28.31	30.84	31.75	34.28	35.19	37.72
Fibonacci	28.04	29.35	30.17	31.48	32.79	33.61	34.92

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):	43.61
MACD (12,26,9):	-0.6700
Directional Movement:	-8.65
AROON (14):	-21.43
DEMA (21):	28.89
Parabolic SAR (0,02-0,02-0,2):	31.00
Elder Ray (13):	-0.05
Super Trend (3,10):	31.27
Zig ZAG (10):	29.32
VORTEX (21):	0.9000
Stochastique (14,3,5):	30.96
TEMA (21):	28.60
Williams %R (14):	-58.16
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	-0.6000
ROCnROLL:	-1
TRIX (15,9):	-0.2800
Courbe Coppock:	17.59

MA7:	28.93
MA20:	30.17
MA50:	30.83
MA100:	31.75
MAexp7:	29.05
MAexp20:	29.73
MAexp50:	30.59
MAexp100:	30.89
Price / MA7:	+1.35%
Price / MA20:	-2.82%
Price / MA50:	-4.90%
Price / MA100:	-7.65%
Price / MAexp7:	+0.93%
Price / MAexp20:	-1.38%
Price / MAexp50:	-4.15%
Price / MAexp100:	-5.08%

Quotes : - 15 min delayed data - 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:

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

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