SUNSHINE BIOPHARMA INC. - 15 min. - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
78%
6%
17%
My opinion
Neutral between 0.9558 USD and 3.2013 USD
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. SUNSHINE BIOPHARMA INC. is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on SUNSHINE BIOPHARMA INC. essentials for the price to rebound like this? In such a situation, it would be possible to stay away from SUNSHINE BIOPHARMA INC. or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 3.2013 USD as an objective. Buyers would then use the next resistance located at 5.4800 USD as an objective. Crossing it would then enable buyers to target 8.3000 USD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The SUNSHINE BIOPHARMA INC. rating is 1.1199 USD. On the day, this instrument gained +38.70% with the lowest point at 0.7532 USD and the highest point at 1.1900 USD. The deviation from the price is +48.69% for the low point and -5.89% for the high point.0.7532
1.1900
1.1199
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
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 bearish trend. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being 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 50
Type : Bullish
Timeframe : 15 minutes
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0700 | 1.1199 | 5.4800 | 8.3000 | 10.8500 |
| Change (%) | -93.75% | - | +389.33% | +641.14% | +868.84% |
| Change | -1.0499 | - | +4.3601 | +7.1801 | +9.7301 |
| Level | Major | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.6016 | 0.6758 | 0.7416 | 0.8158 | 0.8816 | 0.9558 | 1.0216 |
| Camarilla | 0.7689 | 0.7817 | 0.7946 | 0.8074 | 0.8202 | 0.8331 | 0.8459 |
| Woodie | 0.5974 | 0.6737 | 0.7374 | 0.8137 | 0.8774 | 0.9537 | 1.0174 |
| Fibonacci | 0.6758 | 0.7293 | 0.7623 | 0.8158 | 0.8693 | 0.9023 | 0.9558 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -9.1283 | -4.5397 | -1.3873 | 3.2013 | 6.3537 | 10.9423 | 14.0947 |
| Camarilla | -0.3638 | 0.3458 | 1.0554 | 1.7650 | 2.4746 | 3.1842 | 3.8938 |
| Woodie | -9.8465 | -4.8988 | -2.1055 | 2.8423 | 5.6355 | 10.5833 | 13.3765 |
| Fibonacci | -4.5397 | -1.5826 | 0.2443 | 3.2013 | 6.1584 | 7.9853 | 10.9423 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -7.6500 | -1.6300 | 2.2100 | 8.2300 | 12.0700 | 18.0900 | 21.9300 |
| Camarilla | 3.3385 | 4.2423 | 5.1462 | 6.0500 | 6.9538 | 7.8577 | 8.7615 |
| Woodie | -8.7400 | -2.1750 | 1.1200 | 7.6850 | 10.9800 | 17.5450 | 20.8400 |
| Fibonacci | -1.6300 | 2.1365 | 4.4635 | 8.2300 | 11.9965 | 14.3235 | 18.0900 |
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): | 59.14 | |
| MACD (12,26,9): | -0.0167 | |
| Directional Movement: | 13.1489 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 0.8176 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7532 | |
| Elder Ray (13): | 0.0866 | |
| Super Trend (3,10): | 0.7886 | |
| Zig ZAG (10): | 0.9284 | |
| VORTEX (21): | 1.1159 | |
| Stochastique (14,3,5): | 90.29 | |
| TEMA (21): | 0.9060 | |
| Williams %R (14): | -12.03 | |
| Chande Momentum Oscillator (20): | 0.1915 | |
| Repulse (5,40,3): | 20.0045 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3168 | |
| Courbe Coppock: | 20.74 |
| MA7: | 1.5003 | |
| MA20: | 5.7583 | |
| MA50: | 5.7842 | |
| MA100: | 15.1191 | |
| MAexp7: | 0.9452 | |
| MAexp20: | 0.8262 | |
| MAexp50: | 0.9276 | |
| MAexp100: | 1.3248 | |
| Price / MA7: | -25.35% | |
| Price / MA20: | -80.55% | |
| Price / MA50: | -80.64% | |
| Price / MA100: | -92.59% | |
| Price / MAexp7: | +18.48% | |
| Price / MAexp20: | +35.55% | |
| Price / MAexp50: | +20.73% | |
| Price / MAexp100: | -15.47% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on SUNSHINE BIOPHARMA INC. at the time of the analysis were as follows:
- Aegis Capital Corp. acted as Exclusive Placement Agent on a $19.5 Million Private Placement Priced At-the-Market for Sunshine Biopharma Inc. (NASDAQ: SBFM)
- Aegis Capital Corp. acted as Exclusive Placement Agent on an $8 Million Private Placement for Sunshine Biopharma Inc. (NASDAQ: SBFM)
- Aegis Capital Corp. acted as Sole Bookrunner on an Uplist of an $8 Million Underwritten Public Offering for Sunshine Biopharma Inc. (NASDAQ: SBFM; SBFMW)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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