MICROSECTORS U.S. BIG BANKS INDEX 3X LE - 1H - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
MICROSECTORS U.S. BIG BANKS INDEX 3X LE Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 25.05 USD
My targets
26.38 USD (+2.37%)
29.84 USD (+15.81%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROSECTORS U.S. BIG BANKS INDEX 3X LE as long as the price remains well above 25.05 USD. The buyers' bullish objective is set at 26.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.84 USD. If there is any crossing, the next objective would be the resistance located at 32.36 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia.
Additional analysis
Quotes
The MICROSECTORS U.S. BIG BANKS INDEX 3X LE price is 25.77 USD. On the day, this instrument lost -0.23% with the lowest point at 25.43 USD and the highest point at 26.24 USD. The deviation from the price is +1.34% for the low point and -1.79% for the high point.25.43
26.24
25.77
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICROSECTORS U.S. BIG BANKS INDEX 3X LE in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.20 | 21.80 | 23.82 | 25.77 | 26.38 | 32.36 | 34.28 |
| Change (%) | -25.49% | -15.41% | -7.57% | - | +2.37% | +25.57% | +33.02% |
| Change | -6.57 | -3.97 | -1.95 | - | +0.61 | +6.59 | +8.51 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
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 | 22.94 | 23.72 | 24.78 | 25.56 | 26.62 | 27.40 | 28.46 |
| Camarilla | 25.32 | 25.49 | 25.66 | 25.83 | 26.00 | 26.17 | 26.34 |
| Woodie | 23.07 | 23.79 | 24.91 | 25.63 | 26.75 | 27.47 | 28.59 |
| Fibonacci | 23.72 | 24.43 | 24.86 | 25.56 | 26.27 | 26.70 | 27.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.47 | 17.34 | 20.26 | 22.13 | 25.05 | 26.92 | 29.84 |
| Camarilla | 21.87 | 22.31 | 22.75 | 23.19 | 23.63 | 24.07 | 24.51 |
| Woodie | 16.01 | 17.60 | 20.80 | 22.39 | 25.59 | 27.18 | 30.38 |
| Fibonacci | 17.34 | 19.17 | 20.30 | 22.13 | 23.96 | 25.09 | 26.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.43 | 11.95 | 17.26 | 25.78 | 31.09 | 39.61 | 44.92 |
| Camarilla | 18.77 | 20.04 | 21.30 | 22.57 | 23.84 | 25.11 | 26.37 |
| Woodie | 1.83 | 11.15 | 15.66 | 24.98 | 29.49 | 38.81 | 43.32 |
| Fibonacci | 11.95 | 17.23 | 20.50 | 25.78 | 31.06 | 34.33 | 39.61 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.17 | |
| MACD (12,26,9): | 0.9500 | |
| Directional Movement: | 20.33 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 25.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.10 | |
| Elder Ray (13): | 0.50 | |
| Super Trend (3,10): | 24.41 | |
| Zig ZAG (10): | 25.61 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 80.26 | |
| TEMA (21): | 26.29 | |
| Williams %R (14): | -29.28 | |
| Chande Momentum Oscillator (20): | 1.55 | |
| Repulse (5,40,3): | -1.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5300 | |
| Courbe Coppock: | 15.18 |
| MA7: | 23.34 | |
| MA20: | 23.45 | |
| MA50: | 26.12 | |
| MA100: | 33.24 | |
| MAexp7: | 25.58 | |
| MAexp20: | 24.55 | |
| MAexp50: | 23.57 | |
| MAexp100: | 23.54 | |
| Price / MA7: | +10.41% | |
| Price / MA20: | +9.89% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -22.47% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +4.97% | |
| Price / MAexp50: | +9.33% | |
| Price / MAexp100: | +9.47% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
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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