1COV • Covestro AG • XETRA LONG TF H1#1COV • Covestro AG • XETRA LONG TF H1,
TP = 51.31 , SL = 45.70
The trend continues, the nearest support level according to my calculations TP = 51.31
Next report date
—
Report period
—
EPS estimate
—
Revenue estimate
—
−1.19USD
−218.54 MUSD
15.87 BUSD
188.74 M
About COVESTRO AG O.N.
Sector
CEO
Markus Steilemann
Headquarters
Leverkusen
Website
Employees (FY)
17.52 K
Founded
2015
ISIN
DE0006062144
FIGI
BBG00DW0PNK5
Covestro AG engages in the manufacture and supply of polymers. It operates through the Performance Materials and Solutions and Specialties segments. The Performance Materials segment develops, produces, and supplies materials such as s standard polyurethanes and polycarbonates, as well as base chemicals. The Solutions and Specialties segment consolidates Covestro's solutions and specialties businesses, and combines chemical products with application technology services. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
1COV added to model portfolioCovestro has just been added as a 12.5% position to our model portfolio.
Some comments:
1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend.
2. Stochastic RSI are indicating an entry coming our of an oversold position.
3. This is a pullback entry
Covestro (1COV) bullishCorrection seem over and wave 2 finalized
Now wave 3 of (3) seems to have started
Bullish till end of 2022 according to this analysis
The game is not over for covestroFriday bear run looks scary but I am optimistic about the paper and I would like to see the break of the ceiling. No targets since the bigger picture is set for something significant.
Buy Now CovestroAll my EMA´s are about to break through. So there will be a chance to take profits.
Bye
Covestro A.G. - interesting levels to watchCovestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Price is at an interesting juntion. Since the recovery of price from pandemic levels, the price has rocketed up. Along the way, price has touched/breached the 50-day MA - four times so far
1COV (DAX) - EW analysis - C impulse up 1COV - It is in ABC zigzag up cycle from major low in 2 hr time frame. The 4th of C wave is about to start moving down as correction and one more up cycle is due to finish the whole sequence.
Give thumbs up if you really like the trade idea/analysis.
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
Frequently Asked Questions
The current price of CVVTF is 47.85 USD — it has decreased by 3.12% in the past 24 hours. Watch Covestro AG stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on OTC exchange Covestro AG stocks are traded under the ticker CVVTF.
Covestro AG is going to release the next earnings report on Jul 30, 2024. Keep track of upcoming events with our Earnings Calendar.
CVVTF stock is 3.22% volatile and has beta coefficient of 0.25. Track Covestro AG stock price on the chart and check out the list of the most volatile stocks — is Covestro AG there?
CVVTF earnings for the last quarter are −0.21 USD per share, whereas the estimation was 0.00 USD resulting in a −20.98 K% surprise. The estimated earnings for the next quarter are 0.17 USD per share. See more details about Covestro AG earnings.
Covestro AG revenue for the last quarter amounts to 3.79 B USD despite the estimated figure of 3.93 B USD. In the next quarter revenue is expected to reach 3.98 B USD.
Yes, you can track Covestro AG financials in yearly and quarterly reports right on TradingView.
CVVTF stock has fallen by 6.85% compared to the previous week, the month change is a 8.28% fall, over the last year Covestro AG has showed a 7.42% increase.
CVVTF net income for the last quarter is −37.77 M USD, while the quarter before that showed −206.40 M USD of net income which accounts for 81.70% change. Track more Covestro AG financial stats to get the full picture.
Today Covestro AG has the market capitalization of 9.93 B, it has decreased by 2.61% over the last week.
Like other stocks, CVVTF shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Covestro AG stock right from TradingView charts — choose your broker and connect to your account.
CVVTF reached its all-time high on Jan 25, 2018 with the price of 116.70 USD, and its all-time low was 27.13 USD and was reached on Sep 27, 2022. View more price dynamics on CVVTF chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
As of May 10, 2024, the company has 17.52 K employees. See our rating of the largest employees — is Covestro AG on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Covestro AG technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Covestro AG stock shows the sell signal. See more of Covestro AG technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on Covestro AG future price: according to them, CVVTF price has a max estimate of 65.41 USD and a min estimate of 40.75 USD. Watch CVVTF chart and read a more detailed Covestro AG stock forecast: see what analysts think of Covestro AG and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Covestro AG EBITDA is 1.03 B USD, and current EBITDA margin is 6.63%. See more stats in Covestro AG financial statements.