SUNSHINE BIOPHARMA INC. - 15 min. - Technical analysis published on 03/09/2022 (GMT)
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- Timeframe : 15 min.
- - 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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 2.08 USD
My targets
6.55 USD (+46.21%)
9.21 USD (+105.58%)
My analysis
The bullish trend is currently very strong on SUNSHINE BIOPHARMA INC.. As long as the price remains above the support at 2.08 USD, you could try to benefit from the boom. The first bullish objective is located at 6.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.21 USD as an objective. Crossing it would then enable buyers to target 14.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The SUNSHINE BIOPHARMA INC. price is 4.48 USD. The price registered an increase of +194.74% on the session with the lowest point at 3.16 USD and the highest point at 4.60 USD. The deviation from the price is +41.77% for the low point and -2.61% for the high point.3.16
4.60
4.48
Here is a more detailed summary of the historical variations registered by SUNSHINE BIOPHARMA INC.:
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
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this SUNSHINE BIOPHARMA INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.68 | 4.26 | 4.48 | 6.55 | 9.21 | 14.00 |
| Change (%) | -62.50% | -4.91% | - | +46.21% | +105.58% | +212.50% |
| Change | -2.80 | -0.22 | - | +2.07 | +4.73 | +9.52 |
| Level | Minor | Intermediate | - | Minor | 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 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 95.20 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 73.66 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 2.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.58 | |
| Elder Ray (13): | 1.56 | |
| Super Trend (3,10): | 3.07 | |
| Zig ZAG (10): | 3.86 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 70.95 | |
| TEMA (21): | 2.87 | |
| Williams %R (14): | -36.05 | |
| Chande Momentum Oscillator (20): | 1.88 | |
| Repulse (5,40,3): | -25.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9800 | |
| Courbe Coppock: | 132.31 |
| MA7: | 1.92 | |
| MA20: | 3.48 | |
| MA50: | 8.29 | |
| MA100: | 10.99 | |
| MAexp7: | 2.73 | |
| MAexp20: | 1.96 | |
| MAexp50: | 1.76 | |
| MAexp100: | 1.73 | |
| Price / MA7: | +133.33% | |
| Price / MA20: | +28.74% | |
| Price / MA50: | -45.96% | |
| Price / MA100: | -59.24% | |
| Price / MAexp7: | +64.10% | |
| Price / MAexp20: | +128.57% | |
| Price / MAexp50: | +154.55% | |
| Price / MAexp100: | +158.96% |
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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