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COMET N
COMET N
- CHF (-)
- 15 min delayed data - Switzerland SWX Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: COTN
ISIN: CH0360826991

COMET N - Daily - Technical analysis published on 02/28/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 112.13 CHF
My targets
130.80 CHF (+6.34%)
146.73 CHF (+19.29%)
My analysis
The basic trend is bullish on COMET N and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 112.13 CHF. Sellers would then use the next support located at 104.87 CHF as an objective. Crossing it would then enable sellers to target 97.58 CHF. If there is a return to above the resistance located at 130.80 CHF, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 146.73 CHF and 166.60 CHF by extension.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
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Vincent Launay
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

The COMET N rating is 123.00 CHF. The price registered a decrease of -4.95% on the session and was traded between 122.60 CHF and 129.00 CHF over the period. The price is currently at +0.33% from its lowest and -4.65% from its highest.

122.60
129.00
123.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:

Technical


Technical analysis of this Daily chart of COMET N indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 83.00 97.58 104.87 123.00 124.40 130.80 146.73
Change (%) -32.52% -20.67% -14.74% - +1.14% +6.34% +19.29%
Change -40.00 -25.42 -18.13 - +1.40 +7.80 +23.73
Level Major Intermediate Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.13124.57127.13130.57133.13136.57139.13
Camarilla128.05128.60129.15129.70130.25130.80131.35
Woodie120.70124.35126.70130.35132.70136.35138.70
Fibonacci124.57126.86128.28130.57132.86134.28136.57


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard112.13119.27132.63139.77153.13160.27173.63
Camarilla140.36142.24144.12146.00147.88149.76151.64
Woodie115.25120.83135.75141.33156.25161.83176.75
Fibonacci119.27127.10131.94139.77147.60152.44160.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.17112.13117.77124.73130.37137.33142.97
Camarilla119.94121.09122.25123.40124.56125.71126.87
Woodie104.50111.80117.10124.40129.70137.00142.30
Fibonacci112.13116.95119.92124.73129.55132.52137.33

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): 43.67
MACD (12,26,9): 2.6000
Directional Movement: -4.26
AROON (14): 35.71
DEMA (21): 137.41
Parabolic SAR (0,02-0,02-0,2): 146.52
Elder Ray (13): -5.21
Super Trend (3,10): 142.97
Zig ZAG (10): 127.90
VORTEX (21): 0.9900
Stochastique (14,3,5): 38.49
TEMA (21): 136.88
Williams %R (14): -75.40
Chande Momentum Oscillator (20): 4.80
Repulse (5,40,3): -7.2200
ROCnROLL: -1
TRIX (15,9): 0.4100
Courbe Coppock: 18.61
MA7: 137.07
MA20: 132.68
MA50: 127.77
MA100: 113.11
MAexp7: 134.49
MAexp20: 133.52
MAexp50: 126.89
MAexp100: 117.34
Price / MA7: -10.26%
Price / MA20: -7.30%
Price / MA50: -3.73%
Price / MA100: +8.74%
Price / MAexp7: -8.54%
Price / MAexp20: -7.88%
Price / MAexp50: -3.07%
Price / MAexp100: +4.82%

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

About author

Londinia
Londinia AI

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