COFINA,SGPS - Weekly - Technical analysis published on 08/15/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.240 EUR
My targets
0.255 EUR (+2.94%)
0.288 EUR (+16.01%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on COFINA,SGPS as long as the price remains well above 0.240 EUR. The buyers' bullish objective is set at 0.255 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.288 EUR. If there is any crossing, the next objective would be the resistance located at 0.377 EUR.
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
5.2
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Additional analysis
Quotes
The COFINA,SGPS rating is 0.248 EUR. Over 5 days, this instrument gained +5.98% with the lowest point at 0.238 EUR and the highest point at 0.259 EUR. The deviation from the price is +4.20% for the low point and -4.25% for the high point.0.238
0.259
0.248
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:
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
Abnormal volumes on COFINA,SGPS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of COFINA,SGPS in Weekly shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Weekly
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.185 | 0.240 | 0.248 | 0.377 | 0.509 | 0.685 |
| Change (%) | -25.40% | -3.23% | - | +52.02% | +105.24% | +176.21% |
| Change | -0.063 | -0.008 | - | +0.129 | +0.261 | +0.437 |
| Level | Minor | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.241 | 0.243 | 0.246 | 0.248 | 0.251 | 0.253 | 0.256 |
| Camarilla | 0.247 | 0.247 | 0.248 | 0.248 | 0.249 | 0.249 | 0.249 |
| Woodie | 0.241 | 0.243 | 0.246 | 0.248 | 0.251 | 0.253 | 0.256 |
| Fibonacci | 0.243 | 0.245 | 0.246 | 0.248 | 0.250 | 0.251 | 0.253 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.204 | 0.217 | 0.232 | 0.245 | 0.260 | 0.273 | 0.288 |
| Camarilla | 0.238 | 0.241 | 0.243 | 0.246 | 0.249 | 0.251 | 0.254 |
| Woodie | 0.204 | 0.218 | 0.232 | 0.246 | 0.260 | 0.274 | 0.288 |
| Fibonacci | 0.217 | 0.228 | 0.235 | 0.245 | 0.256 | 0.263 | 0.273 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.198 | 0.207 | 0.217 | 0.226 | 0.236 | 0.245 | 0.255 |
| Camarilla | 0.223 | 0.225 | 0.226 | 0.228 | 0.230 | 0.232 | 0.233 |
| Woodie | 0.200 | 0.207 | 0.219 | 0.226 | 0.238 | 0.245 | 0.257 |
| Fibonacci | 0.207 | 0.214 | 0.218 | 0.226 | 0.233 | 0.237 | 0.245 |
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): | 59.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.340 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 0.234 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.215 | |
| Elder Ray (13): | 0.014 | |
| Super Trend (3,10): | 0.260 | |
| Zig ZAG (10): | 0.248 | |
| VORTEX (21): | 1.0130 | |
| Stochastique (14,3,5): | 77.28 | |
| TEMA (21): | 0.236 | |
| Williams %R (14): | -23.91 | |
| Chande Momentum Oscillator (20): | 0.013 | |
| Repulse (5,40,3): | 6.7070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1260 | |
| Courbe Coppock: | 1.48 |
| MA7: | 0.239 | |
| MA20: | 0.232 | |
| MA50: | 0.231 | |
| MA100: | 0.233 | |
| MAexp7: | 0.238 | |
| MAexp20: | 0.235 | |
| MAexp50: | 0.238 | |
| MAexp100: | 0.258 | |
| Price / MA7: | +3.77% | |
| Price / MA20: | +6.90% | |
| Price / MA50: | +7.36% | |
| Price / MA100: | +6.44% | |
| Price / MAexp7: | +4.20% | |
| Price / MAexp20: | +5.53% | |
| Price / MAexp50: | +4.20% | |
| Price / MAexp100: | -3.88% |
Quotes :
-
15 min delayed data
-
Euronext Lisbonne
News
Don't forget to follow the news on COFINA,SGPS. At the time of publication of this analysis, the latest news was as follows:
COFINAThis member declared not having a position on this financial instrument or a related financial instrument.
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