DANIMER SCIENTIFIC INC. - Daily - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 2.71 USD
My targets
3.10 USD (+5.44%)
4.05 USD (+37.76%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DANIMER SCIENTIFIC INC.. As long as you are above the support located at 2.71 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3.10 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.05 USD as an objective. Crossing it would then enable buyers to target 4.35 USD. If the support 2.71 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.4
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This analysis was given by dbean323. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DANIMER SCIENTIFIC INC. price is 2.94 USD. The price is lower by -20.11% since the last closing and was between 2.94 USD and 3.70 USD. This implies that the price is at 0% from its lowest and at -20.54% from its highest.2.94
3.70
2.94
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this DANIMER SCIENTIFIC INC. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.87 | 2.18 | 2.71 | 2.94 | 3.10 | 4.35 | 5.31 |
| Change (%) | -36.39% | -25.85% | -7.82% | - | +5.44% | +47.96% | +80.61% |
| Change | -1.07 | -0.76 | -0.23 | - | +0.16 | +1.41 | +2.37 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.23 | 3.43 | 3.56 | 3.76 | 3.89 | 4.09 | 4.22 |
| Camarilla | 3.59 | 3.62 | 3.65 | 3.68 | 3.71 | 3.74 | 3.77 |
| Woodie | 3.19 | 3.41 | 3.52 | 3.74 | 3.85 | 4.07 | 4.18 |
| Fibonacci | 3.43 | 3.56 | 3.64 | 3.76 | 3.89 | 3.97 | 4.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.59 | 3.11 | 3.40 | 3.92 | 4.21 | 4.73 | 5.02 |
| Camarilla | 3.46 | 3.53 | 3.61 | 3.68 | 3.75 | 3.83 | 3.90 |
| Woodie | 2.47 | 3.05 | 3.28 | 3.86 | 4.09 | 4.67 | 4.90 |
| Fibonacci | 3.11 | 3.42 | 3.61 | 3.92 | 4.23 | 4.42 | 4.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.61 | 1.21 | 2.33 | 2.93 | 4.05 | 4.65 | 5.77 |
| Camarilla | 2.98 | 3.14 | 3.29 | 3.45 | 3.61 | 3.77 | 3.92 |
| Woodie | 0.87 | 1.34 | 2.59 | 3.06 | 4.31 | 4.78 | 6.03 |
| Fibonacci | 1.21 | 1.87 | 2.27 | 2.93 | 3.59 | 3.99 | 4.65 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.82 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 12.95 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 4.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.43 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 3.09 | |
| Zig ZAG (10): | 3.57 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 24.01 | |
| TEMA (21): | 4.10 | |
| Williams %R (14): | -95.36 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -10.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.0400 | |
| Courbe Coppock: | 40.46 |
| MA7: | 3.90 | |
| MA20: | 3.72 | |
| MA50: | 2.84 | |
| MA100: | 2.46 | |
| MAexp7: | 3.81 | |
| MAexp20: | 3.61 | |
| MAexp50: | 3.09 | |
| MAexp100: | 2.86 | |
| Price / MA7: | -24.62% | |
| Price / MA20: | -20.97% | |
| Price / MA50: | +3.52% | |
| Price / MA100: | +19.51% | |
| Price / MAexp7: | -22.83% | |
| Price / MAexp20: | -18.56% | |
| Price / MAexp50: | -4.85% | |
| Price / MAexp100: | +2.80% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on DANIMER SCIENTIFIC INC.. At the time of publication of this analysis, the latest news was as follows:
- Danimer Scientific, a Next Generation Bioplastics Company, Announces First Quarter 2021 Results
- Danimer Scientific Announces Redemption of Public Warrants
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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