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 05/30/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 30.08 EUR

My targets

33.36 EUR (+9.23%)

34.57 EUR (+13.21%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 30.08 EUR remains possible. It is advisable to trade CANCOM SE O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 30.08 EUR. The next bullish objective for buyers is set at 33.36 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.57 EUR. If there is any crossing, the next objective would be the resistance located at 43.57 EUR. PS: if there is a bearish break in the support located at 30.08 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.5

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. rating is 30.54 EUR. On the day, this instrument lost -0.39% and was between 30.24 EUR and 30.76 EUR. This implies that the price is at +0.99% from its lowest and at -0.72% from its highest.

30.24

30.76

30.54

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

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:

Technical

Technical analysis of CANCOM SE O.N. in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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 support of channel

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.22	25.55	30.08	30.54	33.36	43.57	49.10
Change (%)	-20.69%	-16.34%	-1.51%	-	+9.23%	+42.67%	+60.77%
Change	-6.32	-4.99	-0.46	-	+2.82	+13.03	+18.56
Level	Minor	Intermediate	Major	-	Major	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	29.90	30.22	30.44	30.76	30.98	31.30	31.52
Camarilla	30.51	30.56	30.61	30.66	30.71	30.76	30.81
Woodie	29.85	30.20	30.39	30.74	30.93	31.28	31.47
Fibonacci	30.22	30.43	30.55	30.76	30.97	31.09	31.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.61	30.45	31.19	32.03	32.77	33.61	34.35
Camarilla	31.49	31.63	31.78	31.92	32.07	32.21	32.36
Woodie	29.55	30.43	31.13	32.01	32.71	33.59	34.29
Fibonacci	30.45	31.06	31.43	32.03	32.64	33.01	33.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.01	25.77	27.53	29.29	31.05	32.81	34.57
Camarilla	28.33	28.66	28.98	29.30	29.62	29.95	30.27
Woodie	24.02	25.77	27.54	29.29	31.06	32.81	34.58
Fibonacci	25.77	27.11	27.94	29.29	30.63	31.46	32.81

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):	47.63
MACD (12,26,9):	0.4700
Directional Movement:	-2.20
AROON (14):	21.43
DEMA (21):	31.74
Parabolic SAR (0,02-0,02-0,2):	32.93
Elder Ray (13):	-0.75
Super Trend (3,10):	29.88
Zig ZAG (10):	30.52
VORTEX (21):	1.0300
Stochastique (14,3,5):	46.80
TEMA (21):	31.66
Williams %R (14):	-60.59
Chande Momentum Oscillator (20):	-1.06
Repulse (5,40,3):	-1.5700
ROCnROLL:	-1
TRIX (15,9):	0.3300
Courbe Coppock:	10.35

MA7:	31.46
MA20:	31.04
MA50:	29.68
MA100:	28.94
MAexp7:	31.22
MAexp20:	31.03
MAexp50:	30.04
MAexp100:	29.14
Price / MA7:	-2.92%
Price / MA20:	-1.61%
Price / MA50:	+2.90%
Price / MA100:	+5.53%
Price / MAexp7:	-2.18%
Price / MAexp20:	-1.58%
Price / MAexp50:	+1.66%
Price / MAexp100:	+4.80%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on CANCOM SE O.N. at the time of the generation of this analysis was as follows:

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

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