CANCOM SE O.N. - 1H - Technical analysis published on 11/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 24.96 EUR
My targets
22.84 EUR (-4.83%)
21.69 EUR (-9.63%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CANCOM SE O.N. as long as the price remains well below 24.96 EUR. The sellers' bearish objective is set at 22.84 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.69 EUR. In case of crossing, the next objective would be the support located at 21.22 EUR.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CANCOM SE O.N. rating 24.00 EUR. The price registered a decrease of -0.58% on the session and was traded between 23.82 EUR and 24.20 EUR over the period. The price is currently at +0.76% from its lowest and -0.83% from its highest.23.82
24.20
24.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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:
Technical
Technical analysis of CANCOM SE O.N. in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.22 | 21.69 | 22.84 | 24.00 | 24.09 | 24.96 | 25.53 |
| Change (%) | -11.58% | -9.63% | -4.83% | - | +0.38% | +4.00% | +6.38% |
| Change | -2.78 | -2.31 | -1.16 | - | +0.09 | +0.96 | +1.53 |
| Level | Minor | Major | Major | - | Major | Intermediate | Major |
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 | 23.05 | 23.53 | 23.83 | 24.31 | 24.61 | 25.09 | 25.39 |
| Camarilla | 23.93 | 24.00 | 24.07 | 24.14 | 24.21 | 24.28 | 24.36 |
| Woodie | 22.97 | 23.49 | 23.75 | 24.27 | 24.53 | 25.05 | 25.31 |
| Fibonacci | 23.53 | 23.83 | 24.01 | 24.31 | 24.61 | 24.79 | 25.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.25 | 19.23 | 21.69 | 23.67 | 26.13 | 28.11 | 30.57 |
| Camarilla | 22.92 | 23.33 | 23.73 | 24.14 | 24.55 | 24.95 | 25.36 |
| Woodie | 17.48 | 19.35 | 21.92 | 23.79 | 26.36 | 28.23 | 30.80 |
| Fibonacci | 19.23 | 20.93 | 21.98 | 23.67 | 25.37 | 26.42 | 28.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.72 | 21.40 | 22.98 | 25.66 | 27.24 | 29.92 | 31.50 |
| Camarilla | 23.39 | 23.78 | 24.17 | 24.56 | 24.95 | 25.34 | 25.73 |
| Woodie | 18.17 | 21.13 | 22.43 | 25.39 | 26.69 | 29.65 | 30.95 |
| Fibonacci | 21.40 | 23.03 | 24.03 | 25.66 | 27.29 | 28.29 | 29.92 |
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): | 42.78 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -16.43 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 24.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.20 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 24.51 | |
| Zig ZAG (10): | 24.02 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 21.18 | |
| TEMA (21): | 23.99 | |
| Williams %R (14): | -77.50 | |
| Chande Momentum Oscillator (20): | -0.42 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.00 |
| MA7: | 24.10 | |
| MA20: | 24.44 | |
| MA50: | 26.03 | |
| MA100: | 28.06 | |
| MAexp7: | 24.05 | |
| MAexp20: | 24.17 | |
| MAexp50: | 24.18 | |
| MAexp100: | 24.27 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -7.80% | |
| Price / MA100: | -14.47% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -1.11% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on CANCOM SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: CANCOM SE: CANCOM Group grows slightly in difficult market conditions
- EQS-Adhoc: CANCOM SE: CANCOM lowers forecast for the 2024 financial year due to increased uncertainties
- EQS-Adhoc: CANCOM SE: Cancellation of acquired treasury shares and capital reduction
- EQS-News: CANCOM: CANCOM Group holds its own in a challenging market environment
- EQS-News: CANCOM SE: Voluntary public share buyback offer 2024 successfully completed
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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