Londinia Opportunities Analyses - 05/03/2024 (GMT) COVIVIO - 1H
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EUR
(-)
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15 min delayed data - Euronext Paris
| Type: | Stocks |
| Ticker: | COV |
| ISIN: | FR0000064578 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 46.74 EUR
My targets
49.03 EUR (+3.08%)
50.44 EUR (+6.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COVIVIO as long as the price remains well above 46.74 EUR. The buyers' bullish objective is set at 49.03 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 50.44 EUR. If there is any crossing, the next objective would be the resistance located at 54.57 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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Additional analysis
Quotes
COVIVIO rating 47.56 EUR. The price has increased by +0.81% since the last closing and was between 47.28 EUR and 47.82 EUR. This implies that the price is at +0.59% from its lowest and at -0.54% from its highest.47.28
47.82
47.56
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
Here is a more detailed summary of the historical variations registered by COVIVIO:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on COVIVIO were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of COVIVIO in 1H shows a strongly overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
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 | 44.46 | 45.96 | 46.74 | 47.56 | 47.66 | 50.44 | 54.57 |
| Change (%) | -6.52% | -3.36% | -1.72% | - | +0.21% | +6.06% | +14.74% |
| Change | -3.10 | -1.60 | -0.82 | - | +0.10 | +2.88 | +7.01 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Minor |
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 | 45.94 | 46.34 | 46.76 | 47.16 | 47.58 | 47.98 | 48.40 |
| Camarilla | 46.96 | 47.03 | 47.11 | 47.18 | 47.26 | 47.33 | 47.41 |
| Woodie | 45.95 | 46.35 | 46.77 | 47.17 | 47.59 | 47.99 | 48.41 |
| Fibonacci | 46.34 | 46.65 | 46.85 | 47.16 | 47.47 | 47.67 | 47.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.33 | 42.55 | 44.57 | 45.79 | 47.81 | 49.03 | 51.05 |
| Camarilla | 45.71 | 46.01 | 46.30 | 46.60 | 46.90 | 47.19 | 47.49 |
| Woodie | 41.74 | 42.75 | 44.98 | 45.99 | 48.22 | 49.23 | 51.46 |
| Fibonacci | 42.55 | 43.78 | 44.55 | 45.79 | 47.02 | 47.79 | 49.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.49 | 40.49 | 43.67 | 45.67 | 48.85 | 50.85 | 54.03 |
| Camarilla | 45.44 | 45.91 | 46.39 | 46.86 | 47.34 | 47.81 | 48.29 |
| Woodie | 39.09 | 40.79 | 44.27 | 45.97 | 49.45 | 51.15 | 54.63 |
| Fibonacci | 40.49 | 42.47 | 43.69 | 45.67 | 47.65 | 48.87 | 50.85 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.57 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 9.91 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 47.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.11 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 46.76 | |
| Zig ZAG (10): | 47.60 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 85.19 | |
| TEMA (21): | 47.44 | |
| Williams %R (14): | -20.37 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.95 |
| MA7: | 46.46 | |
| MA20: | 44.74 | |
| MA50: | 42.16 | |
| MA100: | 42.28 | |
| MAexp7: | 47.45 | |
| MAexp20: | 47.25 | |
| MAexp50: | 46.64 | |
| MAexp100: | 45.78 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +6.30% | |
| Price / MA50: | +12.81% | |
| Price / MA100: | +12.49% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +3.89% |
Quotes :
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15 min delayed data
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Euronext Paris
News
The last news published on COVIVIO at the time of the generation of this analysis was as follows: