COSAN LTD. - Daily - Technical analysis published on 12/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
COSAN LTD. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 18.79 USD
My targets
21.31 USD (+1.77%)
My analysis
The bullish trend is currently very strong on COSAN LTD.. As long as the price remains above the support at 18.79 USD, you could try to benefit from the boom. The first bullish objective is located at 21.31 USD. The bullish momentum would be boosted by a break in this resistance. 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
8.4
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 Vincent Launay.
Additional analysis
Quotes
The COSAN LTD. price is 20.94 USD. The price is lower by -0.48% since the last closing with the lowest point at 20.87 USD and the highest point at 21.08 USD. The deviation from the price is +0.34% for the low point and -0.66% for the high point.20.87
21.08
20.94
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
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 this Daily chart of COSAN LTD. indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 12.84 | 14.62 | 17.38 | 20.94 | 21.31 |
| Change (%) | -38.68% | -30.18% | -17.00% | - | +1.77% |
| Change | -8.10 | -6.32 | -3.56 | - | +0.37 |
| Level | Minor | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.21 | 20.51 | 20.78 | 21.08 | 21.35 | 21.65 | 21.92 |
| Camarilla | 20.47 | 20.56 | 20.65 | 20.74 | 20.83 | 21.15 | 21.20 |
| Woodie | 19.27 | 19.72 | 20.25 | 20.70 | 21.23 | 21.68 | 22.21 |
| Fibonacci | 19.71 | 20.08 | 20.31 | 20.69 | 21.06 | 21.29 | 21.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.86 | 17.80 | 19.27 | 20.21 | 21.68 | 22.62 | 24.09 |
| Camarilla | 20.08 | 20.30 | 20.52 | 20.74 | 20.96 | 21.18 | 21.40 |
| Woodie | 17.13 | 17.93 | 19.54 | 20.34 | 21.95 | 22.75 | 24.36 |
| Fibonacci | 17.80 | 18.72 | 19.29 | 20.21 | 21.13 | 21.70 | 22.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.58 | 15.23 | 16.36 | 17.01 | 18.14 | 18.79 | 19.92 |
| Camarilla | 17.01 | 17.17 | 17.34 | 17.50 | 17.66 | 17.83 | 17.99 |
| Woodie | 14.83 | 15.35 | 16.61 | 17.13 | 18.39 | 18.91 | 20.17 |
| Fibonacci | 15.23 | 15.91 | 16.33 | 17.01 | 17.69 | 18.11 | 18.79 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 84.58 | |
| MACD (12,26,9): | 1.0700 | |
| Directional Movement: | 39.99 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 20.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.69 | |
| Elder Ray (13): | 1.51 | |
| Super Trend (3,10): | 19.42 | |
| Zig ZAG (10): | 21.00 | |
| VORTEX (21): | 1.3800 | |
| Stochastique (14,3,5): | 91.61 | |
| TEMA (21): | 20.71 | |
| Williams %R (14): | -9.50 | |
| Chande Momentum Oscillator (20): | 3.46 | |
| Repulse (5,40,3): | 4.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5800 | |
| Courbe Coppock: | 32.39 |
| MA7: | 19.82 | |
| MA20: | 18.45 | |
| MA50: | 17.19 | |
| MA100: | 15.78 | |
| MAexp7: | 19.95 | |
| MAexp20: | 18.87 | |
| MAexp50: | 17.48 | |
| MAexp100: | 16.19 | |
| Price / MA7: | +5.65% | |
| Price / MA20: | +13.50% | |
| Price / MA50: | +21.82% | |
| Price / MA100: | +32.70% | |
| Price / MAexp7: | +4.96% | |
| Price / MAexp20: | +10.97% | |
| Price / MAexp50: | +19.79% | |
| Price / MAexp100: | +29.34% |
News
The latest news and videos published on COSAN LTD. at the time of the analysis were as follows:
- Cosan Limited Announces Final Results Of Its Tender Offer
- Cosan Limited Announces Preliminary Results Of Its Tender Offer
- Cosan Limited Announces The Adjusted Price Range Of Its Tender Offer To Repurchase Up To U.S.$357,500,000 Of Its Class A Common Shares At A Price Not Greater Than U.S.$15.50 Nor Less Than U.S.$13.05 Per Share
- Cosan Limited Announces Commencement Of Tender Offer To Repurchase Up To U.S.$357,500,000 Of Its Class A Common Shares At Price Not Greater Than U.S.$14.10 Nor Less Than U.S.$12.00 Per Share
- Cosan Limited Files 2018 Form 20-F with the U.S. SEC
This member declared not having a position on this financial instrument or a related financial instrument.
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