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COVESTRO AG (1COV.DE) Stock Technical Analysis

FRA:1COV - Deutsche Boerse Ag - DE0006062144 - Common Stock - Currency: EUR

58.62  +0.18 (+0.31%)

Technical Rating and Analysis

7

Overall 1COV gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, 1COV is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, 1COV did better than 78% of all other stocks.
1COV is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
1COV is an average performer in the Chemicals industry, it outperforms 68% of 61 stocks in the same industry.
In the last month 1COV has a been trading in a tight range between 57.56 and 58.94.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
COVESTRO AG / 1COV Weekly stock chart
COVESTRO AG / 1COV Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, 1COV also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 58.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.53, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

46.08

59.54

We found 2 important support areas.

  • A support zone ranging from 54.80 to 58.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @46.55 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 58.71 to 58.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.11
Mansfield0.51
10 Day High58.94
10 Day Low57.7
20 Day High58.94
20 Day Low57.56
52 Week High58.94
52 Week Low46.13
Performance
1 Week0.96%
2 Weeks-0.14%
1 Month1.42%
3 Month1.42%
6 Month6.04%
12 Month19.36%
2 Year53.74%
3 Year27.88%
5 Year110.33%
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)57.03
LBB58.08
UBB59.06

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
58.9657.691.27 (2.15%)25.00%
An entry @58.96. This is a Buy Stop order right above the resistance zone.An exit @57.69. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.27 points, which is 2.15%.For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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COVESTRO AG / 1COV Daily stock chart

COVESTRO AG

FRA:1COV (3/7/2025, 7:00:00 PM)

58.62

+0.18 (+0.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.31%
1 Week0.96%
2 Weeks-0.14%
1 Month1.42%
3 Month1.42%
6 Month6.04%
12 Month19.36%
2 Year53.74%
3 Year27.88%
5 Year110.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%0.88%
ATR Inc20.16%
Range Today0.76
ADR(20)0.5
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.11
Mansfield0.51
10 Day High58.94
10 Day Low57.7
20 Day High58.94
20 Day Low57.56
52 Week High58.94
52 Week Low46.13
CS1 End58.53
CR1 Start58.71
Volume & EV
DER(3)1.55%
DER(5)1.23%
Volume61.49K
Volume Incr1.15%
Vol(5)72.55K
Vol(50)116.28K