CANCOM SE O.N. - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 24.34 EUR
My targets
23.86 EUR (-0.50%)
23.56 EUR (-1.75%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CANCOM SE O.N.. As long as you are under the resistance located at 24.34 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 23.86 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 23.56 EUR as an objective. Crossing it would then enable sellers to target 23.26 EUR. If the resistance 24.34 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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Additional analysis
Quotes
CANCOM SE O.N. rating 23.98 EUR. The price registered a decrease of -0.08% on the session and was traded between 23.84 EUR and 24.26 EUR over the period. The price is currently at +0.59% from its lowest and -1.15% from its highest.23.84
24.26
23.98
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CANCOM SE O.N. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CANCOM SE O.N. in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.26 | 23.56 | 23.86 | 23.98 | 24.34 | 25.43 | 25.85 |
| Change (%) | -3.00% | -1.75% | -0.50% | - | +1.50% | +6.05% | +7.80% |
| Change | -0.72 | -0.42 | -0.12 | - | +0.36 | +1.45 | +1.87 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Minor |
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 | 22.91 | 23.27 | 23.63 | 23.99 | 24.35 | 24.71 | 25.07 |
| Camarilla | 23.80 | 23.87 | 23.93 | 24.00 | 24.07 | 24.13 | 24.20 |
| Woodie | 22.92 | 23.27 | 23.64 | 23.99 | 24.36 | 24.71 | 25.08 |
| Fibonacci | 23.27 | 23.54 | 23.71 | 23.99 | 24.26 | 24.43 | 24.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.55 | 21.41 | 22.59 | 24.45 | 25.63 | 27.49 | 28.67 |
| Camarilla | 22.94 | 23.22 | 23.50 | 23.78 | 24.06 | 24.34 | 24.62 |
| Woodie | 19.22 | 21.24 | 22.26 | 24.28 | 25.30 | 27.32 | 28.34 |
| Fibonacci | 21.41 | 22.57 | 23.29 | 24.45 | 25.61 | 26.33 | 27.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.45 | 23.35 | 24.77 | 26.67 | 28.09 | 29.99 | 31.41 |
| Camarilla | 25.29 | 25.59 | 25.90 | 26.20 | 26.50 | 26.81 | 27.11 |
| Woodie | 21.22 | 23.23 | 24.54 | 26.55 | 27.86 | 29.87 | 31.18 |
| Fibonacci | 23.35 | 24.62 | 25.40 | 26.67 | 27.94 | 28.72 | 29.99 |
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): | 48.64 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 18.51 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 23.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.91 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 24.33 | |
| Zig ZAG (10): | 23.98 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 41.22 | |
| TEMA (21): | 24.07 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.97 |
| MA7: | 24.47 | |
| MA20: | 25.38 | |
| MA50: | 26.49 | |
| MA100: | 28.07 | |
| MAexp7: | 23.99 | |
| MAexp20: | 23.97 | |
| MAexp50: | 24.26 | |
| MAexp100: | 24.76 | |
| Price / MA7: | -2.00% | |
| Price / MA20: | -5.52% | |
| Price / MA50: | -9.48% | |
| Price / MA100: | -14.57% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | -3.15% |
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:
- EQS-News: CANCOM: Jochen Borenich becomes Chief Sales Officer on the Executive Board of CANCOM SE
- EQS-Adhoc: CANCOM SE: One-off effects burden EBITDA and EBITA in the second quarter, revenue and gross profit development positive; Executive Board lowers 2023 full-year guidance.
- EQS-Adhoc: CANCOM SE: CANCOM SE decides to buy back shares
- EQS-News: CANCOM SE: Annual General Meeting of CANCOM SE approves all management proposals
- EQS-News: CANCOM SE: CANCOM successfully completes major step in acquisition of KBC Beteiligungs GmbH
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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