MICROSECTORS U.S. BIG BANKS INDEX 3X LE - 1H - Technical analysis published on 10/11/2023 (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:
Neutral
Technical indicators
67%
11%
22%
My opinion
Bullish above 12.64 USD
My targets
13.39 USD (+2.92%)
14.28 USD (+9.76%)
My analysis
The current short-term bullish acceleration on MICROSECTORS U.S. BIG BANKS INDEX 3X LE should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 12.64 USD. Short-term buyers will use the resistance located at 13.39 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 14.28 USD. Crossing this resistance would then open the door for buyers to target 15.16 USD. Caution, if there is a return to under 12.64 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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This analysis was given by Londinia.
Additional analysis
Quotes
The MICROSECTORS U.S. BIG BANKS INDEX 3X LE rating is 13.01 USD. The price registered a decrease of -0.31% on the session with the lowest point at 12.80 USD and the highest point at 13.50 USD. The deviation from the price is +1.64% for the low point and -3.63% for the high point.12.80
13.50
13.01
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this MICROSECTORS U.S. BIG BANKS INDEX 3X LE chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.44 | 12.23 | 12.64 | 13.01 | 13.39 | 14.28 | 15.16 |
| Change (%) | -12.07% | -6.00% | -2.84% | - | +2.92% | +9.76% | +16.53% |
| Change | -1.57 | -0.78 | -0.37 | - | +0.38 | +1.27 | +2.15 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.34 | 12.60 | 12.83 | 13.09 | 13.32 | 13.58 | 13.81 |
| Camarilla | 12.92 | 12.96 | 13.01 | 13.05 | 13.10 | 13.14 | 13.19 |
| Woodie | 12.32 | 12.59 | 12.81 | 13.08 | 13.30 | 13.57 | 13.79 |
| Fibonacci | 12.60 | 12.79 | 12.91 | 13.09 | 13.28 | 13.40 | 13.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.24 | 10.34 | 11.36 | 12.46 | 13.48 | 14.58 | 15.60 |
| Camarilla | 11.80 | 11.99 | 12.19 | 12.38 | 12.57 | 12.77 | 12.96 |
| Woodie | 9.20 | 10.32 | 11.32 | 12.44 | 13.44 | 14.56 | 15.56 |
| Fibonacci | 10.34 | 11.15 | 11.65 | 12.46 | 13.27 | 13.77 | 14.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.96 | 10.95 | 12.32 | 14.31 | 15.68 | 17.67 | 19.04 |
| Camarilla | 12.78 | 13.08 | 13.39 | 13.70 | 14.01 | 14.32 | 14.62 |
| Woodie | 8.66 | 10.80 | 12.02 | 14.16 | 15.38 | 17.52 | 18.74 |
| Fibonacci | 10.95 | 12.23 | 13.02 | 14.31 | 15.59 | 16.38 | 17.67 |
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): | 60.59 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | 10.39 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 12.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.36 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 12.48 | |
| Zig ZAG (10): | 13.05 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 83.91 | |
| TEMA (21): | 13.29 | |
| Williams %R (14): | -21.38 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 13.90 |
| MA7: | 12.37 | |
| MA20: | 13.79 | |
| MA50: | 15.41 | |
| MA100: | 15.93 | |
| MAexp7: | 13.04 | |
| MAexp20: | 12.69 | |
| MAexp50: | 12.64 | |
| MAexp100: | 13.09 | |
| Price / MA7: | +5.17% | |
| Price / MA20: | -5.66% | |
| Price / MA50: | -15.57% | |
| Price / MA100: | -18.33% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +2.93% | |
| Price / MAexp100: | -0.61% |
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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