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Covestro AG

COVTY•PNK
Basic Materials
Chemicals - Specialty
$34.32
$-0.16(-0.48%)
U.S. Market is Open • 15:09

Covestro AG (COVTY) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Covestro AG (PNK:COVTY).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

COVTY Technical Analysis Summary

Covestro AG stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 50.79)
Trend Strength:Moderate (ADX: 21.78)
Volatility:Medium (ATR: 1.02)
Support/Resistance:$33.08 – $34.91 (Bollinger Bands)

This mix signals that Covestro AG is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 50.79

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 79.87

Bullish
Buying momentum building without extremes.

Williams %R: -21.81

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 0.15

Neutral
Price change is minimal.

Takeaway:Covestro AG shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.18

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 21.78

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.02

Low
Low volatility, stable price action.

CCI (14): 117.72

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Covestro AG shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$34.91
Middle Band (SMA 20)
$34.00
Lower Band
$33.08
Current Position
Within Bands

Takeaway:Covestro AG trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$36.18
Middle Line (EMA 20)
$34.14
Lower Channel
$32.10
Squeeze Status
Squeeze On

Takeaway:Covestro AG trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume99.06K
Money Flow Index46.25Neutral, balanced money flows with no clear signal.
Relative Vigor Index57.64Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:COVTY shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Covestro AG, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Covestro AG are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ