CANCOM SE O.N. - 1H - Technical analysis published on 06/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 31.70 EUR
My targets
32.46 EUR (+0.62%)
33.36 EUR (+3.41%)
My analysis
The bullish trend is currently very strong on CANCOM SE O.N.. As long as the price remains above the support at 31.70 EUR, you could try to benefit from the boom. The first bullish objective is located at 32.46 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.36 EUR as an objective. Crossing it would then enable buyers to target 43.57 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The CANCOM SE O.N. price is 32.26 EUR. The price has increased by +1.57% since the last closing and was traded between 31.70 EUR and 32.26 EUR over the period. The price is currently at +1.77% from its lowest and 0% from its highest.31.70
32.26
32.26
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CANCOM SE O.N. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 30.92 | 31.70 | 32.14 | 32.26 | 32.46 | 33.36 | 43.57 |
Change (%) | -4.15% | -1.74% | -0.37% | - | +0.62% | +3.41% | +35.06% |
Change | -1.34 | -0.56 | -0.12 | - | +0.20 | +1.10 | +11.31 |
Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 30.80 | 31.04 | 31.40 | 31.64 | 32.00 | 32.24 | 32.60 |
Camarilla | 31.60 | 31.65 | 31.71 | 31.76 | 31.82 | 31.87 | 31.93 |
Woodie | 30.86 | 31.07 | 31.46 | 31.67 | 32.06 | 32.27 | 32.66 |
Fibonacci | 31.04 | 31.27 | 31.41 | 31.64 | 31.87 | 32.01 | 32.24 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.98 | 29.74 | 30.62 | 31.38 | 32.26 | 33.02 | 33.90 |
Camarilla | 31.05 | 31.20 | 31.35 | 31.50 | 31.65 | 31.80 | 31.95 |
Woodie | 29.04 | 29.77 | 30.68 | 31.41 | 32.32 | 33.05 | 33.96 |
Fibonacci | 29.74 | 30.37 | 30.75 | 31.38 | 32.01 | 32.39 | 33.02 |
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): | 66.39 | |
MACD (12,26,9): | 0.1800 | |
Directional Movement: | 16.81 | |
AROON (14): | 100.00 | |
DEMA (21): | 31.95 | |
Parabolic SAR (0,02-0,02-0,2): | 31.69 | |
Elder Ray (13): | 0.38 | |
Super Trend (3,10): | 31.60 | |
Zig ZAG (10): | 32.26 | |
VORTEX (21): | 1.1800 | |
Stochastique (14,3,5): | 96.47 | |
TEMA (21): | 32.06 | |
Williams %R (14): | 0.00 | |
Chande Momentum Oscillator (20): | 0.56 | |
Repulse (5,40,3): | 1.1300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 4.06 |
MA7: | 31.53 | |
MA20: | 31.17 | |
MA50: | 30.77 | |
MA100: | 29.38 | |
MAexp7: | 31.98 | |
MAexp20: | 31.74 | |
MAexp50: | 31.51 | |
MAexp100: | 31.38 | |
Price / MA7: | +2.32% | |
Price / MA20: | +3.50% | |
Price / MA50: | +4.84% | |
Price / MA100: | +9.80% | |
Price / MAexp7: | +0.88% | |
Price / MAexp20: | +1.64% | |
Price / MAexp50: | +2.38% | |
Price / MAexp100: | +2.80% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on CANCOM SE O.N. at the time of the analysis were as follows:
- EQS-News: Annual General Meeting of CANCOM SE elects Supervisory Board and approves dividend of € 1.00
- EQS-News: CANCOM: CANCOM Group starts the 2024 financial year with significant growth
- EQS-News: CANCOM SE: CANCOM publishes Annual Report 2023 and forecasts significant growth
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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