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COTY
COTY
- EUR (-)
- 15 min delayed data - Euronext Paris
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: COTY
ISIN:

COTY - Daily - Technical analysis published on 05/13/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.965 EUR
My targets
12.000 EUR (+6.19%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on COTY. This is a positive signal for buyers. As long as the price remains above 10.965 EUR, a purchase could be considered. The first bullish objective is located at 12.000 EUR. The bullish momentum would be boosted by a break in this resistance. In the event of a return below 10.965 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1

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 Londinia.

Additional analysis

Quotes

COTY rating 11.300 EUR. The price has increased by +11.22% since the last closing and was between 11.300 EUR and 11.300 EUR. This implies that the price is at 0% from its lowest and at 0% from its highest.

11.300
11.300
11.300

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by COTY:
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 COTY indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Near support of channel

Type : Bullish

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 10.141 10.517 10.965 11.300 11.405 12.000
Change (%) -10.26% -6.93% -2.96% - +0.93% +6.19%
Change -1.159 -0.783 -0.335 - +0.105 +0.700
Level Minor Minor Intermediate - Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.3609.7609.96010.36010.56010.96011.160
Camarilla9.99510.05010.10510.16010.21510.27010.325
Woodie9.2609.7109.86010.31010.46010.91011.060
Fibonacci9.7609.98910.13110.36010.58910.73110.960


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.0969.6089.88410.39610.67211.18411.460
Camarilla9.94310.01610.08810.16010.23210.30510.377
Woodie8.9789.5499.76610.33710.55411.12511.342
Fibonacci9.6089.90910.09510.39610.69710.88311.184


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.7739.27110.00710.50511.24111.73912.475
Camarilla10.40310.51610.62910.74210.85510.96811.081
Woodie8.8919.33110.12510.56511.35911.79912.593
Fibonacci9.2719.74310.03410.50510.97711.26811.739

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): 59.54
MACD (12,26,9): -0.0120
Directional Movement: 11.956
AROON (14): 50.000
DEMA (21): 10.484
Parabolic SAR (0,02-0,02-0,2): 10.120
Elder Ray (13): 0.757
Super Trend (3,10): 9.761
Zig ZAG (10): 11.300
VORTEX (21): 0.9190
Stochastique (14,3,5): 51.42
TEMA (21): 10.596
Williams %R (14): -4.69
Chande Momentum Oscillator (20): 0.456
Repulse (5,40,3): -5.7920
ROCnROLL: 1
TRIX (15,9): -0.1030
Courbe Coppock: 5.34
MA7: 10.485
MA20: 10.450
MA50: 10.837
MA100: 10.941
MAexp7: 10.599
MAexp20: 10.538
MAexp50: 10.665
MAexp100: 10.595
Price / MA7: +7.77%
Price / MA20: +8.13%
Price / MA50: +4.27%
Price / MA100: +3.28%
Price / MAexp7: +6.61%
Price / MAexp20: +7.23%
Price / MAexp50: +5.95%
Price / MAexp100: +6.65%

Quotes : - 15 min delayed data - Euronext Paris

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

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Londinia
Londinia AI

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