COFB Technical Analysis - COFINIMMO

Technical Rating and Analysis

Taking everything into account, COFB scores 2 out of 10 in our technical rating. COFB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month COFB has a been trading in the 72.65 - 77.55 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

COFB 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 COFB is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, COFB outperforms 43% of them, which is more or less in line with the market.

COFB is part of the Diversified REITs industry. There are 40 other stocks in this industry, COFB did better than 61% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, COFB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 74.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.90, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.96

80.24

When analyzing the support we can see 2 important areas.

A support zone ranging from 72.90 to 74.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @66.63 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 75.75 to 76.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 78.55 to 79.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 COFB.BR is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for COFB.BR is down.
ChartMill Relative Strength	43.72	NEUTRAL	COFB.BR is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of COFB.BR is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of COFB.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of COFB.BR is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.95	NEUTRAL	The RSI value for COFB.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests COFB.BR has a positive trend.
Stochastics (14,3)	35.03	NEUTRAL	The Stochastics value for COFB.BR is a neutral value.
Average True Range in percent/ATR (20)	1.75	LOW VOLATILITY	The low ATR as a percentage value for COFB.BR suggests low volalility.
Average Directional Index/ADX (14)	16.66	NEGATIVE	The low ADX value for COFB.BR suggests a weak or negative trend.