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 07/18/2023 (GMT)

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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

11%

56%

33%

My opinion

Bearish under 26.25 EUR

My targets

24.06 EUR (-6.67%)

22.52 EUR (-12.65%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CANCOM SE O.N. as long as the price remains well below 26.25 EUR. The sellers' bearish objective is set at 24.06 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.52 EUR. In case of crossing, the next objective would be the support located at 13.34 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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. price is 25.78 EUR. The price registered a decrease of -0.23% on the session with the lowest point at 25.70 EUR and the highest point at 26.00 EUR. The deviation from the price is +0.31% for the low point and -0.85% for the high point.

25.70

26.00

25.78

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CANCOM SE O.N. chart shows a sharp 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.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.52	24.06	25.50	25.78	26.25	28.47	29.71
Change (%)	-12.65%	-6.67%	-1.09%	-	+1.82%	+10.43%	+15.24%
Change	-3.26	-1.72	-0.28	-	+0.47	+2.69	+3.93
Level	Major	Intermediate	Intermediate	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.99	25.41	25.63	26.05	26.27	26.69	26.91
Camarilla	25.66	25.72	25.78	25.84	25.90	25.96	26.02
Woodie	24.88	25.36	25.52	26.00	26.16	26.64	26.80
Fibonacci	25.41	25.66	25.81	26.05	26.30	26.45	26.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.15	24.73	25.65	26.23	27.15	27.73	28.65
Camarilla	26.17	26.31	26.44	26.58	26.72	26.86	26.99
Woodie	24.33	24.82	25.83	26.32	27.33	27.82	28.83
Fibonacci	24.73	25.30	25.65	26.23	26.80	27.15	27.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.11	24.54	26.14	27.57	29.17	30.60	32.20
Camarilla	26.91	27.19	27.46	27.74	28.02	28.30	28.57
Woodie	23.20	24.58	26.23	27.61	29.26	30.64	32.29
Fibonacci	24.54	25.70	26.41	27.57	28.73	29.44	30.60

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):	39.48
MACD (12,26,9):	-0.4900
Directional Movement:	-7.65
AROON (14):	-50.00
DEMA (21):	26.08
Parabolic SAR (0,02-0,02-0,2):	27.23
Elder Ray (13):	-0.58
Super Trend (3,10):	27.92
Zig ZAG (10):	25.78
VORTEX (21):	0.8300
Stochastique (14,3,5):	23.52
TEMA (21):	25.95
Williams %R (14):	-85.28
Chande Momentum Oscillator (20):	-1.92
Repulse (5,40,3):	-1.8100
ROCnROLL:	2
TRIX (15,9):	-0.2000
Courbe Coppock:	12.14

MA7:	26.04
MA20:	27.00
MA50:	27.39
MA100:	29.14
MAexp7:	26.15
MAexp20:	26.69
MAexp50:	27.53
MAexp100:	28.33
Price / MA7:	-1.00%
Price / MA20:	-4.52%
Price / MA50:	-5.88%
Price / MA100:	-11.53%
Price / MAexp7:	-1.41%
Price / MAexp20:	-3.41%
Price / MAexp50:	-6.36%
Price / MAexp100:	-9.00%

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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