ENVOY MEDICAL INC. - Daily - Technical analysis published on 02/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.44 USD
My targets
1.00 USD (-12.28%)
0.91 USD (-20.18%)
My analysis
ENVOY MEDICAL INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.44 USD. The next support located at 1.00 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.91 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENVOY MEDICAL INC. rating 1.14 USD. The price is lower by -5.00% since the last closing and was traded between 1.14 USD and 1.30 USD over the period. The price is currently at 0% from its lowest and -12.31% from its highest.1.14
1.30
1.14
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENVOY MEDICAL INC.:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of ENVOY MEDICAL INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.91 | 1.14 | 2.76 | 4.88 | 9.81 |
| Change (%) | -20.18% | - | +142.11% | +328.07% | +760.53% |
| Change | -0.23 | - | +1.62 | +3.74 | +8.67 |
| Level | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 1.03 | 1.09 | 1.19 | 1.25 | 1.35 | 1.41 |
| Camarilla | 1.10 | 1.11 | 1.13 | 1.14 | 1.16 | 1.17 | 1.18 |
| Woodie | 0.90 | 1.02 | 1.06 | 1.18 | 1.22 | 1.34 | 1.38 |
| Fibonacci | 1.03 | 1.09 | 1.13 | 1.19 | 1.25 | 1.29 | 1.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.86 | 1.00 | 1.22 | 1.36 | 1.58 | 1.72 |
| Camarilla | 1.04 | 1.07 | 1.11 | 1.14 | 1.17 | 1.21 | 1.24 |
| Woodie | 0.60 | 0.84 | 0.96 | 1.20 | 1.32 | 1.56 | 1.68 |
| Fibonacci | 0.86 | 1.00 | 1.08 | 1.22 | 1.36 | 1.44 | 1.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.20 | 0.44 | 0.80 | 1.44 | 1.80 | 2.44 | 2.80 |
| Camarilla | 0.89 | 0.98 | 1.07 | 1.16 | 1.25 | 1.34 | 1.44 |
| Woodie | -0.34 | 0.37 | 0.66 | 1.37 | 1.66 | 2.37 | 2.66 |
| Fibonacci | 0.44 | 0.82 | 1.06 | 1.44 | 1.82 | 2.06 | 2.44 |
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): | 42.57 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -1.63 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 1.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.37 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.93 | |
| Zig ZAG (10): | 1.30 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 22.22 | |
| TEMA (21): | 1.19 | |
| Williams %R (14): | -65.08 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -17.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.3300 | |
| Courbe Coppock: | 25.91 |
| MA7: | 1.27 | |
| MA20: | 1.41 | |
| MA50: | 1.73 | |
| MA100: | 2.99 | |
| MAexp7: | 1.27 | |
| MAexp20: | 1.42 | |
| MAexp50: | 1.87 | |
| MAexp100: | 3.21 | |
| Price / MA7: | -10.24% | |
| Price / MA20: | -19.15% | |
| Price / MA50: | -34.10% | |
| Price / MA100: | -61.87% | |
| Price / MAexp7: | -10.24% | |
| Price / MAexp20: | -19.72% | |
| Price / MAexp50: | -39.04% | |
| Price / MAexp100: | -64.49% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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