CRESCENT - Daily - Technical analysis published on 09/04/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.0173 EUR
My targets
0.0160 EUR (-4.76%)
0.0154 EUR (-8.33%)
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 0.0173 EUR remains possible. It is advisable to trade CRESCENT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.0173 EUR. The next bearish objective for sellers is set at 0.0160 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.0154 EUR. PS: if there is a bullish break in the resistance located at 0.0173 EUR 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8
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Additional analysis
Quotes
The CRESCENT rating is 0.0168 EUR. The price has increased by +3.70% since the last closing with the lowest point at 0.0162 EUR and the highest point at 0.0168 EUR. The deviation from the price is +3.70% for the low point and 0% for the high point.0.0162
0.0168
0.0168
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CRESCENT in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.0154 | 0.0160 | 0.0166 | 0.0168 | 0.0192 | 0.0202 | 0.0220 |
| Change (%) | -8.33% | -4.76% | -1.19% | - | +14.29% | +20.24% | +30.95% |
| Change | -0.0014 | -0.0008 | -0.0002 | - | +0.0024 | +0.0034 | +0.0052 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0151 | 0.0157 | 0.0159 | 0.0165 | 0.0167 | 0.0173 | 0.0175 |
| Camarilla | 0.0160 | 0.0161 | 0.0161 | 0.0162 | 0.0163 | 0.0164 | 0.0164 |
| Woodie | 0.0150 | 0.0156 | 0.0158 | 0.0164 | 0.0166 | 0.0172 | 0.0174 |
| Fibonacci | 0.0157 | 0.0160 | 0.0162 | 0.0165 | 0.0168 | 0.0170 | 0.0173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0151 | 0.0157 | 0.0159 | 0.0165 | 0.0167 | 0.0173 | 0.0175 |
| Camarilla | 0.0160 | 0.0161 | 0.0161 | 0.0162 | 0.0163 | 0.0164 | 0.0164 |
| Woodie | 0.0150 | 0.0156 | 0.0158 | 0.0164 | 0.0166 | 0.0172 | 0.0174 |
| Fibonacci | 0.0157 | 0.0160 | 0.0162 | 0.0165 | 0.0168 | 0.0170 | 0.0173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0123 | 0.0141 | 0.0155 | 0.0173 | 0.0187 | 0.0205 | 0.0219 |
| Camarilla | 0.0161 | 0.0164 | 0.0167 | 0.0170 | 0.0173 | 0.0176 | 0.0179 |
| Woodie | 0.0122 | 0.0140 | 0.0154 | 0.0172 | 0.0186 | 0.0204 | 0.0218 |
| Fibonacci | 0.0141 | 0.0153 | 0.0160 | 0.0173 | 0.0185 | 0.0192 | 0.0205 |
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): | 50.75 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 7.5575 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.0163 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0175 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.0181 | |
| Zig ZAG (10): | 0.0168 | |
| VORTEX (21): | 0.8571 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 0.0164 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.1920 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2699 | |
| Courbe Coppock: | 1.10 |
| MA7: | 0.0165 | |
| MA20: | 0.0164 | |
| MA50: | 0.0170 | |
| MA100: | 0.0182 | |
| MAexp7: | 0.0165 | |
| MAexp20: | 0.0166 | |
| MAexp50: | 0.0171 | |
| MAexp100: | 0.0178 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | +2.44% | |
| Price / MA50: | -1.18% | |
| Price / MA100: | -7.69% | |
| Price / MAexp7: | +1.82% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | -1.75% | |
| Price / MAexp100: | -5.62% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on CRESCENT at the time of the analysis were as follows:
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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