COFINA,SGPS

- EUR (-)

- 15 min delayed data - Euronext Lisbonne

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CFN
ISIN:	PTCFN0AE0003

COFINA,SGPS - Weekly - Technical analysis published on 11/21/2022 (GMT)

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Timeframe : Weekly
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

44%

My opinion

Bullish above 0.240 EUR

My targets

0.274 EUR (+8.30%)

0.377 EUR (+49.01%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on COFINA,SGPS. This is a positive signal for buyers. As long as the price remains above 0.240 EUR, a purchase could be considered. The first bullish objective is located at 0.274 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.377 EUR as an objective. Crossing it would then enable buyers to target 0.509 EUR. In the event of a return below 0.240 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Tezouro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COFINA,SGPS rating 0.253 EUR. The price registered an increase of - over 5 days and has been traded over the last 5 days between - EUR and - EUR. This implies that the 5 day price is - from its lowest point and - from its highest point.

0.253

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this COFINA,SGPS chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly

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

Near support of channel

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.240	0.253	0.377	0.509	0.685
Change (%)	-5.14%	-	+49.01%	+101.19%	+170.75%
Change	-0.013	-	+0.124	+0.256	+0.432
Level	Major	-	Minor	Major	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	0.240	0.242	0.248	0.250	0.256	0.258	0.264
Camarilla	0.251	0.252	0.252	0.253	0.254	0.255	0.255
Woodie	0.241	0.243	0.249	0.251	0.257	0.259	0.265
Fibonacci	0.242	0.245	0.247	0.250	0.253	0.255	0.258

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.237	0.238	0.242	0.243	0.247	0.248	0.252
Camarilla	0.244	0.244	0.245	0.245	0.246	0.246	0.246
Woodie	0.238	0.239	0.243	0.244	0.248	0.249	0.253
Fibonacci	0.238	0.240	0.241	0.243	0.245	0.246	0.248

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.217	0.225	0.236	0.244	0.255	0.263	0.274
Camarilla	0.242	0.244	0.245	0.247	0.249	0.251	0.252
Woodie	0.219	0.226	0.238	0.245	0.257	0.264	0.276
Fibonacci	0.225	0.232	0.237	0.244	0.251	0.256	0.263

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):	57.19
MACD (12,26,9):	0.0030
Directional Movement:	1.888
AROON (14):	-7.143
DEMA (21):	0.248
Parabolic SAR (0,02-0,02-0,2):	0.234
Elder Ray (13):	0.003
Super Trend (3,10):	0.260
Zig ZAG (10):	0.253
VORTEX (21):	1.0550
Stochastique (14,3,5):	60.39
TEMA (21):	0.249
Williams %R (14):	-9.09
Chande Momentum Oscillator (20):	0.000
Repulse (5,40,3):	6.7960
ROCnROLL:	1
TRIX (15,9):	0.1650
Courbe Coppock:	5.35

MA7:	0.244
MA20:	0.243
MA50:	0.246
MA100:	0.241
MAexp7:	0.247
MAexp20:	0.245
MAexp50:	0.242
MAexp100:	0.257
Price / MA7:	+3.69%
Price / MA20:	+4.12%
Price / MA50:	+2.85%
Price / MA100:	+4.98%
Price / MAexp7:	+2.43%
Price / MAexp20:	+3.27%
Price / MAexp50:	+4.55%
Price / MAexp100:	-1.56%

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:

COFINA

This member declared not having a position on this financial instrument or a related financial instrument.

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