COVESTRO AG (1COV.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:1COV - DE0006062144 - Common Stock
Overall 1COV gets a technical rating of 6 out of 10. 1COV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Warning: 1COV has an average volume of 23939 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- 1COV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 1COV is lagging the market slightly.
- When compared to the yearly performance of all other stocks, 1COV outperforms 56% of them, which is more or less in line with the market.
- 1COV is part of the Chemicals industry. There are 69 other stocks in this industry, 1COV did better than 69% of them.
- In the last month 1COV has a been trading in a tight range between 58.50 and 60.40.
Although the technical rating is only medium, 1COV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 60.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.86, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
53.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 59.00 to 59.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.56 to 56.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.42 to 60.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1COV.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 1COV.DE is up. |
| ChartMill Relative Strength | 56.54 | NEUTRAL | 1COV.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 1COV.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 1COV.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 1COV.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for 1COV.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests 1COV.DE has a positive trend. |
| Stochastics (14,3) | 65.21 | NEUTRAL | The Stochastics value for 1COV.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for 1COV.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for 1COV.DE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.86 | 58.99 | 1.87 (3.07%) | 25.00% |
| An entry @60.86. This is a Buy Stop order right above the resistance zone. | An exit @58.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.87 points, which is 3.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:1COV (12/22/2025, 7:00:00 PM)
59.98
+0.18 (+0.3%)
COVESTRO AG / 1COV.DE FAQ
What is the technical rating for 1COV stock?
ChartMill assigns a technical rating of 6 / 10 to 1COV.DE.
Can you provide the trend direction for COVESTRO AG?
The current trend direction for COVESTRO AG (1COV.DE) is Bullish.
What is the RSI signal for COVESTRO AG (1COV.DE) stock?
COVESTRO AG (1COV.DE) has an RSI value of 55.9615. This indicates that the stock is currently neutral.
What is the buy/sell signal for 1COV stock?
The buy/sell signal for COVESTRO AG (1COV.DE) is buy as both the short term and long term trends are positive.
What is the support and resistance level for 1COV stock?
COVESTRO AG (1COV.DE) has a support level at 59.86 and a resistance level at 60.42. Check the full technical report for our detailed analysis of 1COV.DE support and resistance levels.