SUNSHINE BIOPHARMA INC. - 1H - Technical analysis published on 03/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 4.26 USD
My targets
2.08 USD (-46.31%)
1.94 USD (-50.08%)
My analysis
The basic trend is bearish on SUNSHINE BIOPHARMA INC. and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 4.26 USD. Buyers would then use the next resistance located at 6.55 USD as an objective. Crossing it would then enable buyers to target 9.21 USD. If there is a return to below the support located at 2.08 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 1.94 USD and 1.68 USD by extension.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
SUNSHINE BIOPHARMA INC. rating 3.88 USD. The price registered an increase of +155.26% on the session and was between 3.51 USD and 4.60 USD. This implies that the price is at +10.54% from its lowest and at -15.65% from its highest.3.51
4.60
3.88
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on SUNSHINE BIOPHARMA INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SUNSHINE BIOPHARMA INC. chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 1.68 | 3.88 | 4.26 | 6.55 | 9.21 |
Change (%) | -56.70% | - | +9.79% | +68.81% | +137.37% |
Change | -2.20 | - | +0.38 | +2.67 | +5.33 |
Level | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.28 | 1.39 | 1.46 | 1.57 | 1.64 | 1.75 | 1.82 |
Camarilla | 1.47 | 1.49 | 1.50 | 1.52 | 1.54 | 1.55 | 1.57 |
Woodie | 1.25 | 1.38 | 1.43 | 1.56 | 1.61 | 1.74 | 1.79 |
Fibonacci | 1.39 | 1.46 | 1.51 | 1.57 | 1.64 | 1.69 | 1.75 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.36 | 1.46 | 1.60 | 1.70 | 1.84 | 1.94 | 2.08 |
Camarilla | 1.68 | 1.71 | 1.73 | 1.75 | 1.77 | 1.79 | 1.82 |
Woodie | 1.39 | 1.47 | 1.63 | 1.71 | 1.87 | 1.95 | 2.11 |
Fibonacci | 1.46 | 1.55 | 1.61 | 1.70 | 1.79 | 1.85 | 1.94 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -29.68 | -14.07 | -6.23 | 9.38 | 17.22 | 32.83 | 40.67 |
Camarilla | -4.85 | -2.70 | -0.55 | 1.60 | 3.75 | 5.90 | 8.05 |
Woodie | -33.58 | -16.01 | -10.13 | 7.44 | 13.33 | 30.89 | 36.78 |
Fibonacci | -14.07 | -5.11 | 0.43 | 9.38 | 18.34 | 23.88 | 32.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 34.36 | |
MACD (12,26,9): | -0.0500 | |
Directional Movement: | 0.94 | |
AROON (14): | -71.43 | |
DEMA (21): | 1.53 | |
Parabolic SAR (0,02-0,02-0,2): | 1.63 | |
Elder Ray (13): | -0.04 | |
Super Trend (3,10): | 1.65 | |
Zig ZAG (10): | 1.52 | |
VORTEX (21): | 0.7500 | |
Stochastique (14,3,5): | 4.32 | |
TEMA (21): | 1.52 | |
Williams %R (14): | -94.44 | |
Chande Momentum Oscillator (20): | -0.10 | |
Repulse (5,40,3): | -2.6100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.3300 | |
Courbe Coppock: | 20.11 |
MA7: | 1.67 | |
MA20: | 3.73 | |
MA50: | 8.49 | |
MA100: | 11.16 | |
MAexp7: | 1.54 | |
MAexp20: | 1.60 | |
MAexp50: | 1.80 | |
MAexp100: | 2.80 | |
Price / MA7: | +132.34% | |
Price / MA20: | +4.02% | |
Price / MA50: | -54.30% | |
Price / MA100: | -65.23% | |
Price / MAexp7: | +151.95% | |
Price / MAexp20: | +142.50% | |
Price / MAexp50: | +115.56% | |
Price / MAexp100: | +38.57% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on SUNSHINE BIOPHARMA INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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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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