CANCOM SE O.N. - Daily - Technical analysis published on 11/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 47.35 EUR
My targets
52.40 EUR (+2.44%)
55.90 EUR (+9.29%)
My analysis
CANCOM SE O.N. 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 47.35 EUR. The next resistance located at 52.40 EUR is the next bullish objective 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 55.90 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.9
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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
CANCOM SE O.N. rating 51.15 EUR. On the day, this instrument gained +0.20% and was between 50.40 EUR and 51.40 EUR. This implies that the price is at +1.49% from its lowest and at -0.49% from its highest.50.40
51.40
51.15
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CANCOM SE O.N. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong 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.
On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR 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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 37.47 | 41.55 | 47.35 | 51.15 | 52.40 | 55.90 |
| Change (%) | -26.74% | -18.77% | -7.43% | - | +2.44% | +9.29% |
| Change | -13.68 | -9.60 | -3.80 | - | +1.25 | +4.75 |
| Level | Minor | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 48.68 | 49.82 | 50.43 | 51.57 | 52.18 | 53.32 | 53.93 |
| Camarilla | 50.57 | 50.73 | 50.89 | 51.05 | 51.21 | 51.37 | 51.53 |
| Woodie | 48.43 | 49.69 | 50.18 | 51.44 | 51.93 | 53.19 | 53.68 |
| Fibonacci | 49.82 | 50.49 | 50.90 | 51.57 | 52.24 | 52.65 | 53.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.63 | 49.12 | 51.13 | 52.62 | 54.63 | 56.12 | 58.13 |
| Camarilla | 52.19 | 52.51 | 52.83 | 53.15 | 53.47 | 53.79 | 54.11 |
| Woodie | 47.90 | 49.25 | 51.40 | 52.75 | 54.90 | 56.25 | 58.40 |
| Fibonacci | 49.12 | 50.45 | 51.28 | 52.62 | 53.95 | 54.78 | 56.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.26 | 42.58 | 45.21 | 48.53 | 51.16 | 54.48 | 57.11 |
| Camarilla | 46.20 | 46.75 | 47.30 | 47.84 | 48.39 | 48.93 | 49.48 |
| Woodie | 38.92 | 42.41 | 44.87 | 48.36 | 50.82 | 54.31 | 56.77 |
| Fibonacci | 42.58 | 44.85 | 46.26 | 48.53 | 50.80 | 52.21 | 54.48 |
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): | 51.71 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | -0.85 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 51.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.04 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 48.16 | |
| Zig ZAG (10): | 51.05 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 58.56 | |
| TEMA (21): | 52.48 | |
| Williams %R (14): | -47.89 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | -1.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 15.56 |
| MA7: | 52.45 | |
| MA20: | 50.30 | |
| MA50: | 50.26 | |
| MA100: | 50.16 | |
| MAexp7: | 51.76 | |
| MAexp20: | 50.92 | |
| MAexp50: | 50.31 | |
| MAexp100: | 49.16 | |
| Price / MA7: | -2.48% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | +1.97% | |
| Price / MAexp7: | -1.18% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +1.67% | |
| Price / MAexp100: | +4.05% |
News
Don"t forget to follow the news on CANCOM SE O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: CANCOM Software Group acquires first partner for AHP IT management platform
- DGAP-News: CANCOM: Strong profitability improvement raises EBITDA margin (adjusted) to record level of 9.1 percent in third quarter
- DGAP-News: CANCOM: Acquisition of Novosco strengthens managed services business and international presence
- DGAP-Adhoc: CANCOM acquires managed services provider Novosco Group Limited
- DGAP-News: CANCOM: CANCOM raises forecast following outstandingly positive business development in the second quarter
This member declared not having a position on this financial instrument or a related financial instrument.
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