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Advanced TA SearchArchive
- 4/26/2024 -
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Coty, Inc (COTY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Coty, Inc (COTY). During the week, the COTY gained 0.31 points, or 2.78%, and closed at 11.46 on Friday, April 26, 2024. COTY was trading at average weekly trading volume.
 Long-term trend: [See COTY long-term trend chart]
A long-term uptrend had started on May 25, 2022 at 5.90 and reached 13.46 on July 12, 2023. COTY gained -7.56 points, or -128.14%, in 59 weeks. The price is now at the 26.46% retracement level.
 Medium-term trend: [See COTY medium-term trend chart]
A medium-term downtrend had started on February 27, 2024 at 13.30 and reached 10.41 on April 12, 2024. COTY lost 2.89 points, or 21.73%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (9.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. COTY may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See COTY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See COTY short-term trend chart]
A short-term uptrend had started on April 12, 2024 at 10.41 and reached 11.81 on April 23, 2024. COTY gained -1.40 points, or -13.45%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See COTY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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