COVESTRO AG (1COV.DE) Stock Technical Analysis
Europe - FRA:1COV - DE0006062144 - Common Stock
We assign a technical rating of 2 out of 10 to 1COV. 1COV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
1COV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 59.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.46, a Stop Loss order could be placed below this zone.
More info and screens
53.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.67 to 59.46. 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 55.72. 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 59.69 to 60.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for 1COV.DE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 1COV.DE is neutral. |
| ChartMill Relative Strength | 28.31 | NEGATIVE | 1COV.DE has a low relative strength, it was outperformed by 71.69% off all stocks 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) | DOWN | MIXED | The current price of 1COV.DE is above a declining 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) | 52.99 | NEUTRAL | The RSI value for 1COV.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests 1COV.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.13 | OVERBOUGHT | The high Stochastics value suggests 1COV.DE may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for 1COV.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.2 | NEUTRAL | The ADX value for 1COV.DE suggests a possible start of a new trend. |
FRA:1COV (10/24/2025, 7:00:00 PM)
59.54
-0.42 (-0.7%)
COVESTRO AG / 1COV.DE FAQ
What is the technical rating for 1COV stock?
ChartMill assigns a technical rating of 2 / 10 to 1COV.DE.
What is the current trend direction of COVESTRO AG (1COV.DE) stock?
The current trend direction for COVESTRO AG (1COV.DE) is Bearish.
Can you provide the RSI signal for COVESTRO AG?
COVESTRO AG (1COV.DE) has an RSI value of 52.9924. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COVESTRO AG?
The short term momentum for COVESTRO AG (1COV.DE) is neutral.
Can you provide the support and resistance levels for COVESTRO AG?
COVESTRO AG (1COV.DE) has a support level at 59.46 and a resistance level at 59.69. Check the full technical report for our detailed analysis of 1COV.DE support and resistance levels.