CORBION

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CRBN
ISIN:	NL0010583399

CORBION - Daily - Technical analysis published on 12/01/2020 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 42.33 EUR

My targets

45.42 EUR (+3.57%)

47.43 EUR (+8.17%)

My analysis

CORBION is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 42.33 EUR. The next resistance located at 45.42 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 47.43 EUR. After this resistance, buyers could then target 50.52 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 Arubaan. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORBION price is 43.85 EUR. The price has increased by +1.04% since the last closing with the lowest point at 43.45 EUR and the highest point at 44.30 EUR. The deviation from the price is +0.92% for the low point and -1.02% for the high point.

43.45

44.30

43.85

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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 HIGH record (5 years)

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

Technical

Technical analysis of CORBION in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	35.68	39.06	43.50	43.85
Change (%)	-18.63%	-10.92%	-0.80%	-
Change	-8.17	-4.79	-0.35	-
Level	Minor	Major	Major	-

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	41.10	41.70	42.55	43.15	44.00	44.60	45.45
Camarilla	43.00	43.13	43.27	43.40	43.53	43.67	43.80
Woodie	41.23	41.76	42.68	43.21	44.13	44.66	45.58
Fibonacci	41.70	42.25	42.60	43.15	43.70	44.05	44.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.37	39.23	40.97	41.83	43.57	44.43	46.17
Camarilla	41.99	42.22	42.46	42.70	42.94	43.18	43.42
Woodie	38.80	39.45	41.40	42.05	44.00	44.65	46.60
Fibonacci	39.23	40.23	40.84	41.83	42.83	43.44	44.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.22	37.23	40.32	42.33	45.42	47.43	50.52
Camarilla	42.00	42.47	42.93	43.40	43.87	44.34	44.80
Woodie	35.75	37.50	40.85	42.60	45.95	47.70	51.05
Fibonacci	37.23	39.18	40.39	42.33	44.28	45.49	47.43

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):	61.27
MACD (12,26,9):	0.4000
Directional Movement:	7.45
AROON (14):	35.71
DEMA (21):	42.55
Parabolic SAR (0,02-0,02-0,2):	40.17
Elder Ray (13):	1.62
Super Trend (3,10):	40.44
Zig ZAG (10):	43.85
VORTEX (21):	1.1300
Stochastique (14,3,5):	93.23
TEMA (21):	42.51
Williams %R (14):	-10.71
Chande Momentum Oscillator (20):	1.90
Repulse (5,40,3):	3.0800
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	2.69

MA7:	42.13
MA20:	42.08
MA50:	41.60
MA100:	38.40
MAexp7:	42.61
MAexp20:	42.06
MAexp50:	41.00
MAexp100:	38.84
Price / MA7:	+4.08%
Price / MA20:	+4.21%
Price / MA50:	+5.41%
Price / MA100:	+14.19%
Price / MAexp7:	+2.91%
Price / MAexp20:	+4.26%
Price / MAexp50:	+6.95%
Price / MAexp100:	+12.90%

Quotes : 2020-12-01 16:34:59 - 15 min delayed data - Euronext Amsterdam

News

The last news published on CORBION at the time of the generation of this analysis was as follows:

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

About author

Londinia AI

Online

Overall rating :

15104

Number of analyses :

72397

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…