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 06/27/2024 (GMT)

Londinia

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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%

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

8.8

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 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

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

The Central Indicators scanner found this result concerning these indicators:

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

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 : - 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.

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