CANCOM SE O.N. - 1H - Technical analysis published on 02/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 27.94 EUR
My targets
26.80 EUR (-2.26%)
26.64 EUR (-2.84%)
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 27.94 EUR. The next support located at 26.80 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 26.64 EUR. Below this support, sellers could then target 24.22 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
0
10
6.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CANCOM SE O.N. rating is 27.42 EUR. On the day, this instrument lost -0.15% with the lowest point at 27.28 EUR and the highest point at 27.68 EUR. The deviation from the price is +0.51% for the low point and -0.94% for the high point.27.28
27.68
27.42
Here is a more detailed summary of the historical variations registered by CANCOM SE O.N.:
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 1H of this CANCOM SE O.N. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.52 | 24.22 | 26.80 | 27.42 | 27.94 | 28.32 | 28.82 |
| Change (%) | -17.87% | -11.67% | -2.26% | - | +1.90% | +3.28% | +5.11% |
| Change | -4.90 | -3.20 | -0.62 | - | +0.52 | +0.90 | +1.40 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 25.77 | 26.39 | 26.93 | 27.55 | 28.09 | 28.71 | 29.25 |
| Camarilla | 27.14 | 27.25 | 27.35 | 27.46 | 27.57 | 27.67 | 27.78 |
| Woodie | 25.72 | 26.37 | 26.88 | 27.53 | 28.04 | 28.69 | 29.20 |
| Fibonacci | 26.39 | 26.84 | 27.11 | 27.55 | 28.00 | 28.27 | 28.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.64 | 27.10 | 27.90 | 28.36 | 29.16 | 29.62 | 30.42 |
| Camarilla | 28.35 | 28.47 | 28.59 | 28.70 | 28.82 | 28.93 | 29.05 |
| Woodie | 26.81 | 27.19 | 28.07 | 28.45 | 29.33 | 29.71 | 30.59 |
| Fibonacci | 27.10 | 27.58 | 27.88 | 28.36 | 28.84 | 29.14 | 29.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.60 | 25.90 | 27.72 | 29.02 | 30.84 | 32.14 | 33.96 |
| Camarilla | 28.68 | 28.97 | 29.25 | 29.54 | 29.83 | 30.11 | 30.40 |
| Woodie | 24.86 | 26.03 | 27.98 | 29.15 | 31.10 | 32.27 | 34.22 |
| Fibonacci | 25.90 | 27.09 | 27.83 | 29.02 | 30.21 | 30.95 | 32.14 |
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): | 38.96 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -17.53 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 27.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.17 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 27.82 | |
| Zig ZAG (10): | 27.44 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 46.10 | |
| TEMA (21): | 27.38 | |
| Williams %R (14): | -48.78 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.08 |
| MA7: | 28.04 | |
| MA20: | 28.73 | |
| MA50: | 28.85 | |
| MA100: | 27.47 | |
| MAexp7: | 27.51 | |
| MAexp20: | 27.66 | |
| MAexp50: | 27.94 | |
| MAexp100: | 28.27 | |
| Price / MA7: | -2.21% | |
| Price / MA20: | -4.56% | |
| Price / MA50: | -4.96% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.87% | |
| Price / MAexp50: | -1.86% | |
| Price / MAexp100: | -3.01% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
The last news published on CANCOM SE O.N. at the time of the generation of this analysis was as follows:
- EQS-News: CANCOM SE: CANCOM grows very significantly in 2023 and achieves key forecast targets
- EQS-News: CANCOM SE: Supervisory Board of the CANCOM Group reorganized
- EQS-Adhoc: CANCOM SE: Klaus Weinmann new Chairman of the Supervisory Board; previous Chairman of the Supervisory Board Stefan Kober resigns chairmanship
- EQS-Adhoc: CANCOM SE: Cancellation of acquired treasury shares and capital reduction
- EQS-News: CANCOM SE: CANCOM strengthens expertise in the area of complex IT infrastructure and managed services through the acquisition of significant parts of DextraData 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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