COTY INC. CLASS A - Daily - Technical analysis published on 10/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 10.83 USD
My targets
12.34 USD (+5.02%)
13.00 USD (+10.64%)
My analysis
COTY INC. CLASS A 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 10.83 USD. The next resistance located at 12.34 USD is the next bullish target 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 13.00 USD. After this resistance, buyers could then target 13.73 USD.
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
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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 COTY INC. CLASS A price is 11.75 USD. On the day, this instrument lost -0.26% and was traded between 11.60 USD and 11.90 USD over the period. The price is currently at +1.29% from its lowest and -1.26% from its highest.11.60
11.90
11.75
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this COTY INC. CLASS A chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced 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.
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 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.68 | 10.06 | 10.83 | 11.75 | 12.34 | 13.00 | 13.73 |
| Change (%) | -26.13% | -14.38% | -7.83% | - | +5.02% | +10.64% | +16.85% |
| Change | -3.07 | -1.69 | -0.92 | - | +0.59 | +1.25 | +1.98 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | 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 | 11.42 | 11.54 | 11.66 | 11.78 | 11.90 | 12.02 | 12.14 |
| Camarilla | 11.71 | 11.74 | 11.76 | 11.78 | 11.80 | 11.82 | 11.85 |
| Woodie | 11.47 | 11.57 | 11.76 | 11.78 | 11.90 | 12.02 | 12.14 |
| Fibonacci | 11.56 | 11.67 | 11.74 | 11.85 | 11.96 | 12.03 | 12.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.99 | 9.52 | 9.82 | 10.36 | 10.66 | 11.19 | 11.49 |
| Camarilla | 9.89 | 9.97 | 10.04 | 10.12 | 10.20 | 10.27 | 10.35 |
| Woodie | 8.87 | 9.46 | 9.70 | 10.30 | 10.54 | 11.13 | 11.37 |
| Fibonacci | 9.52 | 9.84 | 10.04 | 10.36 | 10.68 | 10.87 | 11.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.31 | 8.10 | 9.31 | 10.10 | 11.30 | 12.09 | 13.29 |
| Camarilla | 9.96 | 10.15 | 10.33 | 10.51 | 10.69 | 10.88 | 11.06 |
| Woodie | 7.52 | 8.21 | 9.51 | 10.20 | 11.51 | 12.19 | 13.50 |
| Fibonacci | 8.10 | 8.86 | 9.33 | 10.10 | 10.86 | 11.33 | 12.09 |
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): | 69.16 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 22.34 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 11.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.54 | |
| Elder Ray (13): | 0.75 | |
| Super Trend (3,10): | 10.61 | |
| Zig ZAG (10): | 11.78 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 95.28 | |
| TEMA (21): | 11.44 | |
| Williams %R (14): | -9.64 | |
| Chande Momentum Oscillator (20): | 1.60 | |
| Repulse (5,40,3): | 2.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 17.57 |
| MA7: | 11.10 | |
| MA20: | 10.68 | |
| MA50: | 10.14 | |
| MA100: | 10.85 | |
| MAexp7: | 11.39 | |
| MAexp20: | 10.88 | |
| MAexp50: | 10.57 | |
| MAexp100: | 10.61 | |
| Price / MA7: | +5.86% | |
| Price / MA20: | +10.02% | |
| Price / MA50: | +15.88% | |
| Price / MA100: | +8.29% | |
| Price / MAexp7: | +3.16% | |
| Price / MAexp20: | +8.00% | |
| Price / MAexp50: | +11.16% | |
| Price / MAexp100: | +10.74% |
News
The latest news and videos published on COTY INC. CLASS A at the time of the analysis were as follows:
- Kaskela Law LLC Announces Shareholder Investigation of Coty Inc. - COTY
- Investor Network: Cott Corporation to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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