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. - 1H - Technical analysis published on 06/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 31.70 EUR

My targets

32.98 EUR (+3.26%)

33.36 EUR (+4.45%)

My analysis

CANCOM SE O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 31.70 EUR. The next resistance located at 32.98 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 33.36 EUR. After this resistance, buyers could then target 43.57 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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 31.94 EUR. On the day, this instrument gained +6.25% with the lowest point at 31.40 EUR and the highest point at 32.28 EUR. The deviation from the price is +1.72% for the low point and -1.05% for the high point.

31.40

32.28

31.94

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

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CANCOM SE O.N. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Upside gap

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.08	30.81	31.70	31.94	32.98	33.36	43.57
Change (%)	-5.82%	-3.54%	-0.75%	-	+3.26%	+4.45%	+36.41%
Change	-1.86	-1.13	-0.24	-	+1.04	+1.42	+11.63
Level	Major	Minor	Intermediate	-	Minor	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.13	29.35	29.71	29.93	30.29	30.51	30.87
Camarilla	29.90	29.95	30.01	30.06	30.11	30.17	30.22
Woodie	29.19	29.39	29.77	29.97	30.35	30.55	30.93
Fibonacci	29.35	29.58	29.71	29.93	30.16	30.29	30.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.04	28.30	29.18	30.44	31.32	32.58	33.46
Camarilla	29.47	29.67	29.86	30.06	30.26	30.45	30.65
Woodie	26.85	28.21	28.99	30.35	31.13	32.49	33.27
Fibonacci	28.30	29.12	29.62	30.44	31.26	31.76	32.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.23	26.41	28.61	30.79	32.99	35.17	37.37
Camarilla	29.60	30.00	30.40	30.80	31.20	31.60	32.01
Woodie	24.23	26.42	28.61	30.80	32.99	35.18	37.37
Fibonacci	26.41	28.09	29.12	30.79	32.47	33.50	35.17

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	73.23
MACD (12,26,9):	-0.0800
Directional Movement:	38.58
AROON (14):	71.43
DEMA (21):	30.11
Parabolic SAR (0,02-0,02-0,2):	29.58
Elder Ray (13):	1.59
Super Trend (3,10):	30.44
Zig ZAG (10):	31.94
VORTEX (21):	0.9300
Stochastique (14,3,5):	62.99
TEMA (21):	30.14
Williams %R (14):	-19.85
Chande Momentum Oscillator (20):	1.74
Repulse (5,40,3):	-0.0700
ROCnROLL:	1
TRIX (15,9):	-0.1200
Courbe Coppock:	0.87

MA7:	30.84
MA20:	31.47
MA50:	30.32
MA100:	29.15
MAexp7:	30.43
MAexp20:	30.28
MAexp50:	30.54
MAexp100:	30.79
Price / MA7:	+3.57%
Price / MA20:	+1.49%
Price / MA50:	+5.34%
Price / MA100:	+9.57%
Price / MAexp7:	+4.96%
Price / MAexp20:	+5.48%
Price / MAexp50:	+4.58%
Price / MAexp100:	+3.73%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on CANCOM SE O.N. at the time of the analysis were as follows:

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

About author

Londinia AI

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