COFINIMMO - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 130.6 EUR
My targets
133.9 EUR (+1.13%)
141.4 EUR (+6.80%)
My analysis
The bullish trend is currently very strong on COFINIMMO. As long as the price remains above the support at 130.6 EUR, you could try to benefit from the boom. The first bullish objective is located at 133.9 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 141.4 EUR as an objective. Crossing it would then enable buyers to target 158.4 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COFINIMMO rating 132.4 EUR. The price registered a decrease of -0.45% on the session and was between 132.4 EUR and 133.4 EUR. This implies that the price is at 0% from its lowest and at -0.75% from its highest.132.4
133.4
132.4
Here is a more detailed summary of the historical variations registered by COFINIMMO:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COFINIMMO indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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 moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 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
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 121.6 | 125.1 | 130.6 | 132.4 | 133.9 | 141.4 | 158.4 |
| Change (%) | -8.16% | -5.51% | -1.36% | - | +1.13% | +6.80% | +19.64% |
| Change | -10.8 | -7.3 | -1.8 | - | +1.5 | +9.0 | +26.0 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.3 | 131.5 | 132.3 | 133.5 | 134.3 | 135.5 | 136.3 |
| Camarilla | 132.5 | 132.6 | 132.8 | 133.0 | 133.2 | 133.4 | 133.6 |
| Woodie | 130.0 | 131.4 | 132.0 | 133.4 | 134.0 | 135.4 | 136.0 |
| Fibonacci | 131.5 | 132.3 | 132.8 | 133.5 | 134.3 | 134.8 | 135.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.3 | 127.9 | 131.3 | 132.9 | 136.3 | 137.9 | 141.3 |
| Camarilla | 133.2 | 133.7 | 134.1 | 134.6 | 135.1 | 135.5 | 136.0 |
| Woodie | 127.1 | 128.4 | 132.1 | 133.4 | 137.1 | 138.4 | 142.1 |
| Fibonacci | 127.9 | 129.8 | 131.0 | 132.9 | 134.8 | 136.0 | 137.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.0 | 123.8 | 128.2 | 131.0 | 135.4 | 138.2 | 142.6 |
| Camarilla | 130.6 | 131.3 | 131.9 | 132.6 | 133.3 | 133.9 | 134.6 |
| Woodie | 121.8 | 124.2 | 129.0 | 131.4 | 136.2 | 138.6 | 143.4 |
| Fibonacci | 123.8 | 126.6 | 128.3 | 131.0 | 133.8 | 135.5 | 138.2 |
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): | 55.70 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 12.5 | |
| AROON (14): | 35.8 | |
| DEMA (21): | 133.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.9 | |
| Elder Ray (13): | 0.6 | |
| Super Trend (3,10): | 128.8 | |
| Zig ZAG (10): | 132.4 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 73.10 | |
| TEMA (21): | 133.0 | |
| Williams %R (14): | -46.20 | |
| Chande Momentum Oscillator (20): | 0.4 | |
| Repulse (5,40,3): | -0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.60 |
| MA7: | 132.7 | |
| MA20: | 131.8 | |
| MA50: | 129.9 | |
| MA100: | 124.7 | |
| MAexp7: | 132.7 | |
| MAexp20: | 131.8 | |
| MAexp50: | 129.4 | |
| MAexp100: | 125.6 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +6.17% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +2.32% | |
| Price / MAexp100: | +5.41% |
News
The last news published on COFINIMMO at the time of the generation of this analysis was as follows:
CofinimmoThis member declared not having a position on this financial instrument or a related financial instrument.
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