COGENT COMMUNICATIONS HLD. - Daily - Technical analysis published on 07/29/2019 (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%
0%
17%
My opinion
Bullish above 62.67 USD
My targets
64.25 USD (+1.16%)
67.06 USD (+5.59%)
My analysis
COGENT COMMUNICATIONS HLD. 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 62.67 USD. The next resistance located at 64.25 USD 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 67.06 USD. 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.
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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
The COGENT COMMUNICATIONS HLD. price is 63.51 USD. The price registered an increase of +1.67% on the session and was between 62.61 USD and 63.84 USD. This implies that the price is at +1.44% from its lowest and at -0.52% from its highest.62.61
63.84
63.51
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COGENT COMMUNICATIONS HLD. chart shows a strongly bullish trend. 92.86% 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 56.15 | 58.47 | 62.67 | 63.51 |
| Change (%) | -11.59% | -7.94% | -1.32% | - |
| Change | -7.36 | -5.04 | -0.84 | - |
| Level | 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 | 60.98 | 61.65 | 62.06 | 62.73 | 63.14 | 63.81 | 64.22 |
| Camarilla | 62.17 | 62.27 | 62.37 | 62.47 | 62.57 | 62.67 | 62.77 |
| Woodie | 60.85 | 61.59 | 61.93 | 62.67 | 63.01 | 63.75 | 64.09 |
| Fibonacci | 61.65 | 62.06 | 62.32 | 62.73 | 63.14 | 63.40 | 63.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.25 | 60.24 | 61.41 | 62.40 | 63.57 | 64.56 | 65.73 |
| Camarilla | 61.99 | 62.18 | 62.38 | 62.58 | 62.78 | 62.98 | 63.17 |
| Woodie | 59.34 | 60.29 | 61.50 | 62.45 | 63.66 | 64.61 | 65.82 |
| Fibonacci | 60.24 | 61.07 | 61.58 | 62.40 | 63.23 | 63.74 | 64.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.28 | 53.73 | 56.54 | 58.99 | 61.80 | 64.25 | 67.06 |
| Camarilla | 57.91 | 58.40 | 58.88 | 59.36 | 59.84 | 60.32 | 60.81 |
| Woodie | 51.47 | 53.82 | 56.73 | 59.08 | 61.99 | 64.34 | 67.25 |
| Fibonacci | 53.73 | 55.74 | 56.98 | 58.99 | 61.00 | 62.24 | 64.25 |
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): | 64.27 | |
| MACD (12,26,9): | 0.9400 | |
| Directional Movement: | 10.53 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 63.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.43 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 59.54 | |
| Zig ZAG (10): | 63.51 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 80.32 | |
| TEMA (21): | 63.15 | |
| Williams %R (14): | -10.58 | |
| Chande Momentum Oscillator (20): | 2.08 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 6.44 |
| MA7: | 62.59 | |
| MA20: | 61.73 | |
| MA50: | 59.88 | |
| MA100: | 56.89 | |
| MAexp7: | 62.67 | |
| MAexp20: | 61.78 | |
| MAexp50: | 59.91 | |
| MAexp100: | 57.32 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +6.06% | |
| Price / MA100: | +11.64% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +2.80% | |
| Price / MAexp50: | +6.01% | |
| Price / MAexp100: | +10.80% |
News
The latest news and videos published on COGENT COMMUNICATIONS HLD. at the time of the analysis were as follows:
- Cogent Launches Notes Offering
- Cogent Communications CEO to Present at Four Upcoming Conferences
- Cogent Communications Reports First Quarter 2019 Results and Increases Regular Quarterly Dividend on Common Stock
- Cogent Communications CEO to Present at Two Upcoming Conferences
- Cogent Communications to Host First Quarter Earnings Call on May 2, 2019
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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