Londinia Opportunities Analyses - 05/14/2024 (GMT) COTY INC. CLASS A - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	COTY
ISIN:

Londinia

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: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 11.15 USD

My targets

10.75 USD (-2.09%)

10.50 USD (-4.37%)

My analysis

The bearish trend is currently very strong for COTY INC. CLASS A. As long as the price remains below the resistance at 11.15 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 10.75 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.50 USD as an objective. Crossing it would then enable sellers to target 10.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

8.2

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Additional analysis

Quotes

COTY INC. CLASS A rating 10.98 USD. The price is lower by -1.70% since the last closing with the lowest point at 10.95 USD and the highest point at 11.31 USD. The deviation from the price is +0.27% for the low point and -2.92% for the high point.

10.95

11.31

10.98

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of COTY INC. CLASS A indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.50	10.75	10.96	10.98	11.15	11.34	11.50
Change (%)	-4.37%	-2.09%	-0.18%	-	+1.55%	+3.28%	+4.74%
Change	-0.48	-0.23	-0.02	-	+0.17	+0.36	+0.52
Level	Major	Intermediate	Major	-	Intermediate	Major	Minor

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	10.73	10.92	11.04	11.23	11.35	11.54	11.66
Camarilla	11.09	11.11	11.14	11.17	11.20	11.23	11.26
Woodie	10.71	10.90	11.02	11.21	11.33	11.52	11.64
Fibonacci	10.92	11.04	11.11	11.23	11.35	11.42	11.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.49	10.06	10.62	11.19	11.75	12.32	12.88
Camarilla	10.86	10.96	11.07	11.17	11.27	11.38	11.48
Woodie	9.48	10.06	10.61	11.19	11.74	12.32	12.87
Fibonacci	10.06	10.50	10.76	11.19	11.63	11.89	12.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.10	9.75	10.60	11.25	12.10	12.75	13.60
Camarilla	11.03	11.17	11.30	11.44	11.58	11.72	11.85
Woodie	9.19	9.80	10.69	11.30	12.19	12.80	13.69
Fibonacci	9.75	10.33	10.68	11.25	11.83	12.18	12.75

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):	40.47
MACD (12,26,9):	-0.0400
Directional Movement:	-3.68
AROON (14):	-71.43
DEMA (21):	11.08
Parabolic SAR (0,02-0,02-0,2):	11.32
Elder Ray (13):	-0.12
Super Trend (3,10):	11.27
Zig ZAG (10):	10.98
VORTEX (21):	0.9300
Stochastique (14,3,5):	2.92
TEMA (21):	11.06
Williams %R (14):	-93.48
Chande Momentum Oscillator (20):	-0.19
Repulse (5,40,3):	-1.1800
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	2.59

MA7:	11.14
MA20:	11.29
MA50:	11.58
MA100:	11.90
MAexp7:	11.04
MAexp20:	11.13
MAexp50:	11.19
MAexp100:	11.25
Price / MA7:	-1.44%
Price / MA20:	-2.75%
Price / MA50:	-5.18%
Price / MA100:	-7.73%
Price / MAexp7:	-0.54%
Price / MAexp20:	-1.35%
Price / MAexp50:	-1.88%
Price / MAexp100:	-2.40%

Quotes : - 15 min delayed data - Actions NYSE

News

The latest news and videos published on COTY INC. CLASS A at the time of the analysis were as follows: