COLR Technical Analysis - COLRUYT GROUP N.V

Technical Rating and Analysis

Taking everything into account, COLR scores 2 out of 10 in our technical rating. COLR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

82% of all other stocks performed better in the past year than COLR.

COLR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

COLR is part of the Consumer Staples Distribution & Retail industry. There are 22 other stocks in this industry, COLR did better than 52% of them.

In the last month COLR has a been trading in a tight range between 37.22 and 38.36.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COLRUYT GROUP N.V / COLR Weekly stock chart

COLRUYT GROUP N.V / COLR Daily stock chart

Setup Rating and Analysis

COLR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.26

42.17

3 important support areas can be observed.

Support @37.26 from a horizontal line in the daily time frame.
A support zone ranging from 36.50 to 36.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 34.61 to 34.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 37.57 to 37.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @38.88 from a trend line in the weekly time frame.
Resistance @41.75 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for COLR.BR is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for COLR.BR is neutral.
ChartMill Relative Strength	18.4	NEGATIVE	COLR.BR has a low relative strength, it was outperformed by 81.6% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of COLR.BR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of COLR.BR is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of COLR.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.34	NEUTRAL	The RSI value for COLR.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests COLR.BR has a negative trend.
Stochastics (14,3)	40.37	NEUTRAL	The Stochastics value for COLR.BR is a neutral value.
Average True Range in percent/ATR (20)	1.32	LOW VOLATILITY	The low ATR as a percentage value for COLR.BR suggests low volalility.
Average Directional Index/ADX (14)	10.86	NEGATIVE	The low ADX value for COLR.BR suggests a weak or negative trend.