Londinia Opportunities Analyses - 04/19/2024 (GMT) COMET N - 1H

- CHF (-)

- 15 min delayed data - Switzerland SWX Stocks

Type:	Stocks
Ticker:	COTN
ISIN:	CH0360826991

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 292.5 CHF

My targets

270.4 CHF (-5.45%)

252.7 CHF (-11.64%)

My analysis

COMET N is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 292.5 CHF. The next support located at 270.4 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 252.7 CHF. Below this support, sellers could then target 230.5 CHF. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

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.

Additional analysis

Quotes

The COMET N rating is 286.0 CHF. The price is lower by -2.56% since the last closing and was between 280.0 CHF and 290.0 CHF. This implies that the price is at +2.14% from its lowest and at -1.38% from its highest.

280.0

290.0

286.0

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this COMET N chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	230.5	252.7	270.4	286.0	292.5	301.0	306.4
Change (%)	-19.41%	-11.64%	-5.45%	-	+2.27%	+5.24%	+7.13%
Change	-55.5	-33.3	-15.6	-	+6.5	+15.0	+20.4
Level	Intermediate	Intermediate	Intermediate	-	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
Standard	279.0	283.5	288.5	293.0	298.0	302.5	307.5
Camarilla	290.9	291.8	292.6	293.5	294.4	295.2	296.1
Woodie	279.3	283.6	288.8	293.1	298.3	302.6	307.8
Fibonacci	283.5	287.1	289.4	293.0	296.6	298.9	302.5

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	287.3	292.7	302.3	307.7	317.3	322.7	332.3
Camarilla	307.9	309.3	310.6	312.0	313.4	314.8	316.1
Woodie	289.5	293.8	304.5	308.8	319.5	323.8	334.5
Fibonacci	292.7	298.4	301.9	307.7	313.4	316.9	322.7

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	250.2	270.2	292.2	312.2	334.2	354.2	376.2
Camarilla	302.7	306.5	310.4	314.2	318.1	321.9	325.8
Woodie	251.2	270.7	293.2	312.7	335.2	354.7	377.2
Fibonacci	270.2	286.2	296.2	312.2	328.2	338.2	354.2

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):	30.90
MACD (12,26,9):	-3.3000
Directional Movement:	-33.2
AROON (14):	-85.7
DEMA (21):	290.9
Parabolic SAR (0,02-0,02-0,2):	299.1
Elder Ray (13):	-8.3
Super Trend (3,10):	297.4
Zig ZAG (10):	288.0
VORTEX (21):	0.7000
Stochastique (14,3,5):	30.80
TEMA (21):	289.3
Williams %R (14):	-68.90
Chande Momentum Oscillator (20):	-11.5
Repulse (5,40,3):	1.6000
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	5.90

MA7:	300.5
MA20:	307.3
MA50:	310.5
MA100:	286.3
MAexp7:	291.4
MAexp20:	295.0
MAexp50:	299.6
MAexp100:	303.1
Price / MA7:	-4.83%
Price / MA20:	-6.93%
Price / MA50:	-7.89%
Price / MA100:	-0.10%
Price / MAexp7:	-1.85%
Price / MAexp20:	-3.05%
Price / MAexp50:	-4.54%
Price / MAexp100:	-5.64%

Quotes : - 15 min delayed data - Actions Suisse SWX

News

The latest news and videos published on COMET N at the time of the analysis were as follows: