COSTAMARE INC.
COSTAMARE INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CMRE
ISIN: MHY1771G1026

COSTAMARE INC. - Daily - Technical analysis published on 03/05/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 6.53 USD
My targets
6.20 USD (-1.59%)
5.51 USD (-12.54%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COSTAMARE INC. as long as the price remains well below 6.53 USD. The sellers” bearish objective is set at 6.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.51 USD. In case of crossing, the next objective would be the support located at 4.95 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1

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. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

COSTAMARE INC. rating 6.30 USD. The price is lower by -2.63% since the last closing with the lowest point at 6.26 USD and the highest point at 6.46 USD. The deviation from the price is +0.64% for the low point and -2.48% for the high point.

6.26
6.46
6.30

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by COSTAMARE INC.:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of COSTAMARE INC. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.95 5.51 6.20 6.30 6.95 7.54 8.28
Change (%) -21.43% -12.54% -1.59% - +10.32% +19.68% +31.43%
Change -1.35 -0.79 -0.10 - +0.65 +1.24 +1.98
Level Intermediate Major Major - Minor 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
Standard6.146.246.366.466.586.686.80
Camarilla6.416.436.456.476.496.516.53
Woodie6.146.256.366.476.586.696.80
Fibonacci6.246.336.386.466.556.606.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.345.736.136.536.927.327.72
Camarilla6.316.396.466.536.606.686.75
Woodie5.345.736.136.536.937.327.72
Fibonacci5.736.046.226.536.837.027.32


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.544.835.686.987.829.129.97
Camarilla5.946.146.336.536.736.927.12
Woodie3.324.725.466.867.609.019.75
Fibonacci4.835.656.166.987.798.309.12

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): 28.71
MACD (12,26,9): -0.5700
Directional Movement: -22.42
AROON (14): -71.43
DEMA (21): 6.28
Parabolic SAR (0,02-0,02-0,2): 6.68
Elder Ray (13): -0.37
Super Trend (3,10): 7.41
Zig ZAG (10): 6.28
VORTEX (21): 0.7400
Stochastique (14,3,5): 14.18
TEMA (21): 6.07
Williams %R (14): -89.63
Chande Momentum Oscillator (20): -1.20
Repulse (5,40,3): -3.8800
ROCnROLL: 2
TRIX (15,9): -1.0300
Courbe Coppock: 32.54
MA7: 6.42
MA20: 7.06
MA50: 8.37
MA100: 8.19
MAexp7: 6.48
MAexp20: 7.03
MAexp50: 7.75
MAexp100: 7.74
Price / MA7: -1.87%
Price / MA20: -10.76%
Price / MA50: -24.73%
Price / MA100: -23.08%
Price / MAexp7: -2.78%
Price / MAexp20: -10.38%
Price / MAexp50: -18.71%
Price / MAexp100: -18.60%

This member declared not having a position on this financial instrument or a related financial instrument.

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