COSMO PHARM N - Daily - Technical analysis published on 12/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 69.82 CHF
My targets
81.67 CHF (+5.38%)
89.88 CHF (+15.97%)
My analysis
The strong short-term increase in COSMO PHARM N calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 69.82 CHF, you could consider taking advantage of the short-term movement. The first bullish objective is located at 81.67 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 89.88 CHF as an objective. Crossing it would then enable buyers to target 101.60 CHF. Caution, a return under 69.82 CHF could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.4
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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
COSMO PHARM N rating 77.50 CHF. On the day, this instrument gained +1.84% with the lowest point at 76.00 CHF and the highest point at 78.30 CHF. The deviation from the price is +1.97% for the low point and -1.02% for the high point.76.00
78.30
77.50
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
Here is a more detailed summary of the historical variations registered by COSMO PHARM N:
Technical
A technical analysis in Daily of this COSMO PHARM N chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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.
The probability of a further increase is high given the direction of the technical indicators.
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 69.82 | 77.50 | 77.55 | 81.67 | 89.88 |
| Change (%) | -9.91% | - | +0.06% | +5.38% | +15.97% |
| Change | -7.68 | - | +0.05 | +4.17 | +12.38 |
| Level | Intermediate | - | Intermediate | Minor | Minor |
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 | 72.30 | 73.30 | 74.70 | 75.70 | 77.10 | 78.10 | 79.50 |
| Camarilla | 75.44 | 75.66 | 75.88 | 76.10 | 76.32 | 76.54 | 76.76 |
| Woodie | 72.50 | 73.40 | 74.90 | 75.80 | 77.30 | 78.20 | 79.70 |
| Fibonacci | 73.30 | 74.22 | 74.78 | 75.70 | 76.62 | 77.18 | 78.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.53 | 68.17 | 70.83 | 73.47 | 76.13 | 78.77 | 81.43 |
| Camarilla | 72.04 | 72.53 | 73.01 | 73.50 | 73.99 | 74.47 | 74.96 |
| Woodie | 65.55 | 68.18 | 70.85 | 73.48 | 76.15 | 78.78 | 81.45 |
| Fibonacci | 68.17 | 70.19 | 71.44 | 73.47 | 75.49 | 76.74 | 78.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.90 | 65.60 | 70.50 | 74.20 | 79.10 | 82.80 | 87.70 |
| Camarilla | 73.04 | 73.82 | 74.61 | 75.40 | 76.19 | 76.98 | 77.77 |
| Woodie | 62.50 | 65.90 | 71.10 | 74.50 | 79.70 | 83.10 | 88.30 |
| Fibonacci | 65.60 | 68.89 | 70.92 | 74.20 | 77.49 | 79.52 | 82.80 |
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): | 57.11 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 7.85 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 74.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 71.18 | |
| Elder Ray (13): | 1.51 | |
| Super Trend (3,10): | 77.43 | |
| Zig ZAG (10): | 76.10 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 86.78 | |
| TEMA (21): | 75.99 | |
| Williams %R (14): | -11.43 | |
| Chande Momentum Oscillator (20): | 2.70 | |
| Repulse (5,40,3): | 1.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 7.21 |
| MA7: | 75.30 | |
| MA20: | 73.71 | |
| MA50: | 73.50 | |
| MA100: | 77.75 | |
| MAexp7: | 75.29 | |
| MAexp20: | 74.14 | |
| MAexp50: | 74.73 | |
| MAexp100: | 77.88 | |
| Price / MA7: | +2.92% | |
| Price / MA20: | +5.14% | |
| Price / MA50: | +5.44% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | +2.94% | |
| Price / MAexp20: | +4.53% | |
| Price / MAexp50: | +3.71% | |
| Price / MAexp100: | -0.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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