COCHLEAR LIMITED - Daily - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 201.906 AUD
My targets
236.250 AUD (+8.50%)
251.550 AUD (+15.53%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COCHLEAR LIMITED as long as the price remains well above 201.906 AUD. The buyers” bullish objective is set at 236.250 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 251.550 AUD. 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
7.9
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This analysis was given by amclaugh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COCHLEAR LIMITED price is 217.740 AUD. On the day, this instrument gained +9.80% and was between 199.640 AUD and 220.700 AUD. This implies that the price is at +9.07% from its lowest and at -1.34% from its highest.199.640
220.700
217.740
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of COCHLEAR LIMITED in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 179.398 | 187.214 | 201.906 | 217.740 | 218.930 | 236.250 | 251.550 |
| Change (%) | -17.61% | -14.02% | -7.27% | - | +0.55% | +8.50% | +15.53% |
| Change | -38.342 | -30.526 | -15.834 | - | +1.190 | +18.510 | +33.810 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 191.137 | 193.993 | 195.957 | 198.813 | 200.777 | 203.633 | 205.597 |
| Camarilla | 196.595 | 197.036 | 197.478 | 197.920 | 198.362 | 198.804 | 199.246 |
| Woodie | 190.690 | 193.770 | 195.510 | 198.590 | 200.330 | 203.410 | 205.150 |
| Fibonacci | 193.993 | 195.835 | 196.972 | 198.813 | 200.655 | 201.792 | 203.633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 166.800 | 177.400 | 183.270 | 193.870 | 199.740 | 210.340 | 216.210 |
| Camarilla | 184.611 | 186.121 | 187.630 | 189.140 | 190.650 | 192.160 | 193.669 |
| Woodie | 164.435 | 176.218 | 180.905 | 192.688 | 197.375 | 209.158 | 213.845 |
| Fibonacci | 177.400 | 183.692 | 187.579 | 193.870 | 200.162 | 204.049 | 210.340 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.050 | 173.200 | 181.710 | 193.860 | 202.370 | 214.520 | 223.030 |
| Camarilla | 184.539 | 186.432 | 188.326 | 190.220 | 192.114 | 194.008 | 195.902 |
| Woodie | 159.230 | 172.290 | 179.890 | 192.950 | 200.550 | 213.610 | 221.210 |
| Fibonacci | 173.200 | 181.092 | 185.968 | 193.860 | 201.752 | 206.628 | 214.520 |
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): | 57.31 | |
| MACD (12,26,9): | 1.0910 | |
| Directional Movement: | 12.950 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 195.738 | |
| Parabolic SAR (0,02-0,02-0,2): | 202.888 | |
| Elder Ray (13): | 4.572 | |
| Super Trend (3,10): | 185.191 | |
| Zig ZAG (10): | 199.770 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 68.61 | |
| TEMA (21): | 196.365 | |
| Williams %R (14): | -27.73 | |
| Chande Momentum Oscillator (20): | 9.800 | |
| Repulse (5,40,3): | 0.3280 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0290 | |
| Courbe Coppock: | 1.70 |
| MA7: | 194.629 | |
| MA20: | 194.620 | |
| MA50: | 193.274 | |
| MA100: | 190.009 | |
| MAexp7: | 196.361 | |
| MAexp20: | 194.549 | |
| MAexp50: | 193.457 | |
| MAexp100: | 195.163 | |
| Price / MA7: | +11.87% | |
| Price / MA20: | +11.88% | |
| Price / MA50: | +12.66% | |
| Price / MA100: | +14.59% | |
| Price / MAexp7: | +10.89% | |
| Price / MAexp20: | +11.92% | |
| Price / MAexp50: | +12.55% | |
| Price / MAexp100: | +11.57% |
Quotes :
2020-08-18 00:00:00
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End-of-day data
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Australia Stocks
News
The latest news and videos published on COCHLEAR LIMITED at the time of the analysis were as follows:
- Cochlear obtains FDA approval of Kanso 2 Sound Processor, first off-the-ear cochlear implant sound processor with direct smartphone connectivity
- As surgeries resume, pediatric cochlear implantation can now be done as young as 9 months
- FDA expedites approval of Cochlear's Remote Check solution for cochlear implants
- Cochlear reveals winners of annual flagship scholarship programs
- FDA clears Cochlear's innovative new Osia® 2 hearing implant system
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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