COVH Technical Analysis - COVIVIO HOTELS SACA

Technical Rating and Analysis

Taking everything into account, COVH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COVH is showing a nice and steady performance.

Warning: COVH has an average volume of 784 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, COVH did better than 80% of all other stocks. On top of that, COVH also shows a nice and consistent pattern of rising prices.

COVH is part of the Diversified REITs industry. There are 41 other stocks in this industry. COVH outperforms 92% of them.

A new 52 week high is currently being made by COVH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month COVH has a been trading in a tight range between 22.90 and 24.00.

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

COVIVIO HOTELS SACA / COVH Weekly stock chart

COVIVIO HOTELS SACA / COVH Daily stock chart

Setup Rating and Analysis

Although COVH has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.68

24.25

We found 2 important support areas.

A support zone ranging from 22.90 to 23.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 21.90 to 22.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 24.01 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for COVH.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for COVH.PA is up.
ChartMill Relative Strength	80.97	POSITIVE	COVH.PA has a high relative strength, it outperformed 80.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of COVH.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of COVH.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of COVH.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.59	NEUTRAL	The RSI value for COVH.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests COVH.PA has a positive trend.
Stochastics (14,3)	87.96	OVERBOUGHT	The high Stochastics value suggests COVH.PA may be overbought.
Average True Range in percent/ATR (20)	0.92	LOW VOLATILITY	The low ATR as a percentage value for COVH.PA suggests low volalility.
Average Directional Index/ADX (14)	28.23	POSITIVE	The high ADX value value for COVH.PA suggests a strong trend.