Londinia Opportunities Analyses - 05/02/2024 (GMT) COHERENT CORP. - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 54.85 USD
My targets
56.99 USD (+2.68%)
59.67 USD (+7.51%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COHERENT CORP. as long as the price remains well above 54.85 USD. The buyers' bullish objective is set at 56.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59.67 USD. If there is any crossing, the next objective would be the resistance located at 63.30 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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Additional analysis
Quotes
COHERENT CORP. rating 55.50 USD. The price has increased by +2.14% since the last closing and was traded between 53.18 USD and 55.54 USD over the period. The price is currently at +4.36% from its lowest and -0.07% from its highest.53.18
55.54
55.50
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COHERENT CORP. in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.78 | 52.95 | 54.85 | 55.50 | 56.99 | 59.67 | 63.30 |
| Change (%) | -12.11% | -4.59% | -1.17% | - | +2.68% | +7.51% | +14.05% |
| Change | -6.72 | -2.55 | -0.65 | - | +1.49 | +4.17 | +7.80 |
| Level | Minor | Major | Minor | - | 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 | 49.88 | 51.61 | 52.98 | 54.71 | 56.08 | 57.81 | 59.18 |
| Camarilla | 53.49 | 53.77 | 54.06 | 54.34 | 54.62 | 54.91 | 55.19 |
| Woodie | 49.69 | 51.52 | 52.79 | 54.62 | 55.89 | 57.72 | 58.99 |
| Fibonacci | 51.61 | 52.80 | 53.53 | 54.71 | 55.90 | 56.63 | 57.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.03 | 47.27 | 51.17 | 53.41 | 57.31 | 59.55 | 63.45 |
| Camarilla | 53.37 | 53.93 | 54.50 | 55.06 | 55.62 | 56.19 | 56.75 |
| Woodie | 45.85 | 47.69 | 51.99 | 53.83 | 58.13 | 59.97 | 64.27 |
| Fibonacci | 47.27 | 49.62 | 51.07 | 53.41 | 55.76 | 57.21 | 59.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.72 | 42.25 | 48.44 | 54.97 | 61.16 | 67.69 | 73.88 |
| Camarilla | 51.13 | 52.30 | 53.46 | 54.63 | 55.80 | 56.96 | 58.13 |
| Woodie | 35.55 | 42.17 | 48.27 | 54.89 | 60.99 | 67.61 | 73.71 |
| Fibonacci | 42.25 | 47.11 | 50.11 | 54.97 | 59.83 | 62.83 | 67.69 |
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): | 55.79 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 2.30 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 55.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.20 | |
| Elder Ray (13): | 0.50 | |
| Super Trend (3,10): | 52.78 | |
| Zig ZAG (10): | 55.44 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 62.13 | |
| TEMA (21): | 54.80 | |
| Williams %R (14): | -31.50 | |
| Chande Momentum Oscillator (20): | 1.03 | |
| Repulse (5,40,3): | 1.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.88 |
| MA7: | 54.33 | |
| MA20: | 53.96 | |
| MA50: | 58.20 | |
| MA100: | 53.12 | |
| MAexp7: | 54.97 | |
| MAexp20: | 54.82 | |
| MAexp50: | 54.36 | |
| MAexp100: | 54.37 | |
| Price / MA7: | +2.15% | |
| Price / MA20: | +2.85% | |
| Price / MA50: | -4.64% | |
| Price / MA100: | +4.48% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +1.24% | |
| Price / MAexp50: | +2.10% | |
| Price / MAexp100: | +2.08% |
Quotes :
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15 min delayed data
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