COVESTRO AG (1COV.DE) Stock Technical Analysis
FRA:1COV - Deutsche Boerse Ag - DE0006062144 - Common Stock - Currency: EUR
Overall 1COV gets a technical rating of 5 out of 10. In the last year, 1COV was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: 1COV has an average volume of 20315 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
1COV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, 1COV outperforms 55% of them, which is more or less in line with the market.
1COV is an average performer in the Chemicals industry, it outperforms 67% of 68 stocks in the same industry.
In the last month 1COV has a been trading in a tight range between 59.46 and 60.84.
1COV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 60.31, 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
55.15
61.46
We found 2 important support areas.
- A support zone ranging from 57.92 to 60.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.71 to 55.71. 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 60.55 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 | NEUTRAL | NEUTRAL | The short term trend for 1COV.DE is neutral. |
| ChartMill Relative Strength | 55.64 | NEUTRAL | 1COV.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 1COV.DE is above a declining 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) | 49.14 | NEUTRAL | The RSI value for 1COV.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests 1COV.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.76 | NEUTRAL | The Stochastics value for 1COV.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for 1COV.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for 1COV.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:1COV (8/7/2025, 5:20:57 PM)
60.48
+0.1 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.17%
1 Week0.17%
2 Weeks-0.2%
1 Month-0.26%
3 Month1.44%
6 Month4.46%
12 Month12.23%
2 Year23.05%
3 Year100.47%
5 Year51.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%0.61%
ATR Inc-2.46%
Range Today0.26
ADR(20)0.36
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.64
Mansfield-0.4
10 Day High60.84
10 Day Low60.1
20 Day High60.84
20 Day Low59.46
52 Week High60.84
52 Week Low52.9
CS1 End60.31
CR1 Start60.42
Volume & EV
DER(3)-4.28%
DER(5)-1.81%
Volume185.94K
Volume Incr6.11%
Vol(5)26.64K
Vol(50)20.32K