POLYGON - MATIC/USD - Weekly - Technical analysis published on 11/05/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.860000 USD
My targets
0.500000 USD (-27.54%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.860000 USD remains possible. It is advisable to trade POLYGON - MATIC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.860000 USD. The next bearish objective for sellers is set at 0.500000 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.860000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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Additional analysis
Quotes
The POLYGON - MATIC/USD price is 0.690000 USD. The price registered an increase of +6.15% over 5 days and has been traded over the last 5 days between 0.620000 USD and 0.700000 USD. This implies that the 5 day price is +11.29% from its lowest point and -1.43% from its highest point.0.620000
0.700000
0.690000
Here is a more detailed summary of the historical variations registered by POLYGON - MATIC/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of POLYGON - MATIC/USD in Weekly shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.500000 | 0.690000 | 1.032857 | 1.525000 | 2.448000 |
Change (%) | -27.54% | - | +49.69% | +121.01% | +254.78% |
Change | -0.190000 | - | +0.342857 | +0.835000 | +1.758000 |
Level | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.646667 | 0.653333 | 0.666667 | 0.673333 | 0.686667 | 0.693333 | 0.706667 |
Camarilla | 0.674500 | 0.676333 | 0.678167 | 0.680000 | 0.681833 | 0.683667 | 0.685500 |
Woodie | 0.650000 | 0.655000 | 0.670000 | 0.675000 | 0.690000 | 0.695000 | 0.710000 |
Fibonacci | 0.653333 | 0.660973 | 0.665693 | 0.673333 | 0.680973 | 0.685693 | 0.693333 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.550000 | 0.580000 | 0.630000 | 0.660000 | 0.710000 | 0.740000 | 0.790000 |
Camarilla | 0.658000 | 0.665333 | 0.672667 | 0.680000 | 0.687333 | 0.694667 | 0.702000 |
Woodie | 0.560000 | 0.585000 | 0.640000 | 0.665000 | 0.720000 | 0.745000 | 0.800000 |
Fibonacci | 0.580000 | 0.610560 | 0.629440 | 0.660000 | 0.690560 | 0.709440 | 0.740000 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.380000 | 0.440000 | 0.540000 | 0.600000 | 0.700000 | 0.760000 | 0.860000 |
Camarilla | 0.596000 | 0.610667 | 0.625333 | 0.640000 | 0.654667 | 0.669333 | 0.684000 |
Woodie | 0.400000 | 0.450000 | 0.560000 | 0.610000 | 0.720000 | 0.770000 | 0.880000 |
Fibonacci | 0.440000 | 0.501120 | 0.538880 | 0.600000 | 0.661120 | 0.698880 | 0.760000 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 49.63 | |
MACD (12,26,9): | -0.0594 | |
Directional Movement: | 3.948658 | |
AROON (14): | -42.857143 | |
DEMA (21): | 0.559714 | |
Parabolic SAR (0,02-0,02-0,2): | 0.490000 | |
Elder Ray (13): | 0.061314 | |
Super Trend (3,10): | 0.793126 | |
Zig ZAG (10): | 0.690000 | |
VORTEX (21): | 1.0663 | |
Stochastique (14,3,5): | 79.05 | |
TEMA (21): | 0.570270 | |
Williams %R (14): | -4.76 | |
Chande Momentum Oscillator (20): | 0.110000 | |
Repulse (5,40,3): | 14.4452 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -1.6922 | |
Courbe Coppock: | 17.54 |
MA7: | 0.665714 | |
MA20: | 0.615500 | |
MA50: | 0.564800 | |
MA100: | 0.581300 | |
MAexp7: | 0.628006 | |
MAexp20: | 0.650248 | |
MAexp50: | 0.775851 | |
MAexp100: | 0.842997 | |
Price / MA7: | +3.65% | |
Price / MA20: | +12.10% | |
Price / MA50: | +22.17% | |
Price / MA100: | +18.70% | |
Price / MAexp7: | +9.87% | |
Price / MAexp20: | +6.11% | |
Price / MAexp50: | -11.07% | |
Price / MAexp100: | -18.15% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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