COLAS - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
COLAS Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 142.8 EUR
My targets
144.4 EUR (+0.42%)
146.0 EUR (+1.53%)
My analysis
The bullish trend is currently very strong on COLAS. As long as the price remains above the support at 142.8 EUR, you could try to benefit from the boom. The first bullish objective is located at 144.4 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 146.0 EUR as an objective. Crossing it would then enable buyers to target 147.8 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.
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
0
10
8.6
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The COLAS rating is 143.8 EUR. The price registered a decrease of -0.42% on the session and was between 143.8 EUR and 143.8 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.143.8
143.8
143.8
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COLAS 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
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 several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.0 | 138.8 | 142.8 | 143.8 | 144.4 | 146.0 | 147.8 |
| Change (%) | -4.73% | -3.48% | -0.70% | - | +0.42% | +1.53% | +2.78% |
| Change | -6.8 | -5.0 | -1.0 | - | +0.6 | +2.2 | +4.0 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.6 | 141.6 | 142.2 | 143.2 | 143.8 | 144.8 | 145.4 |
| Camarilla | 142.4 | 142.5 | 142.7 | 142.8 | 143.0 | 143.1 | 143.2 |
| Woodie | 141.1 | 141.5 | 142.0 | 143.1 | 143.6 | 144.7 | 145.2 |
| Fibonacci | 141.7 | 142.6 | 143.1 | 143.9 | 144.8 | 145.3 | 146.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.8 | 141.6 | 142.2 | 143.0 | 143.6 | 144.4 | 145.0 |
| Camarilla | 142.4 | 142.5 | 142.7 | 142.8 | 142.9 | 143.1 | 143.2 |
| Woodie | 140.7 | 141.6 | 142.1 | 143.0 | 143.5 | 144.4 | 144.9 |
| Fibonacci | 141.6 | 142.1 | 142.5 | 143.0 | 143.5 | 143.9 | 144.4 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.7 | 135.7 | 139.1 | 141.1 | 144.5 | 146.5 | 149.9 |
| Camarilla | 140.9 | 141.4 | 141.9 | 142.4 | 142.9 | 143.4 | 143.9 |
| Woodie | 134.3 | 136.1 | 139.7 | 141.5 | 145.1 | 146.9 | 150.5 |
| Fibonacci | 135.7 | 137.8 | 139.1 | 141.1 | 143.2 | 144.5 | 146.5 |
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): | 66.90 | |
| MACD (12,26,9): | 0.6000 | |
| Directional Movement: | 12.7 | |
| AROON (14): | 85.7 | |
| DEMA (21): | 143.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 142.6 | |
| Elder Ray (13): | 1.0 | |
| Super Trend (3,10): | 139.6 | |
| Zig ZAG (10): | 143.8 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 69.60 | |
| TEMA (21): | 143.6 | |
| Williams %R (14): | -29.40 | |
| Chande Momentum Oscillator (20): | 1.6 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.80 |
| MA7: | 143.1 | |
| MA20: | 142.4 | |
| MA50: | 141.9 | |
| MA100: | 140.8 | |
| MAexp7: | 143.3 | |
| MAexp20: | 142.4 | |
| MAexp50: | 141.7 | |
| MAexp100: | 140.6 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +1.34% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +2.28% |
News
The last news published on COLAS at the time of the generation of this analysis was as follows:
-
Economy Adds 156,000 Jobs in September; Convergex's Nick Colas and TheStreet's Scott Gamm Discuss
-
Caramel coloring in colas could cause cancer
This member declared not having a position on this financial instrument or a related financial instrument.
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