MICROSECTORS U.S. BIG BANKS INDEX 3X LE - Daily - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Daily
- - 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:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 14.30 USD
My targets
17.16 USD (+14.12%)
18.31 USD (+21.74%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MICROSECTORS U.S. BIG BANKS INDEX 3X LE. This is a positive signal for buyers. As long as the price remains above 14.30 USD, a purchase could be considered. The first bullish objective is located at 17.16 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.31 USD as an objective. Crossing it would then enable buyers to target 21.19 USD. In the event of a return below 14.30 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.6
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This analysis was given by Londinia.
Additional analysis
Quotes
MICROSECTORS U.S. BIG BANKS INDEX 3X LE rating 15.04 USD. On the day, this instrument gained +12.16% with the lowest point at 14.25 USD and the highest point at 15.37 USD. The deviation from the price is +5.54% for the low point and -2.15% for the high point.14.25
15.37
15.04
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICROSECTORS U.S. BIG BANKS INDEX 3X LE in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.45 | 12.23 | 14.30 | 15.04 | 18.31 | 21.19 | 34.02 |
| Change (%) | -30.52% | -18.68% | -4.92% | - | +21.74% | +40.89% | +126.20% |
| Change | -4.59 | -2.81 | -0.74 | - | +3.27 | +6.15 | +18.98 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate | Major |
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 | 12.57 | 12.81 | 13.11 | 13.35 | 13.65 | 13.89 | 14.19 |
| Camarilla | 13.26 | 13.31 | 13.36 | 13.41 | 13.46 | 13.51 | 13.56 |
| Woodie | 12.60 | 12.83 | 13.14 | 13.37 | 13.68 | 13.91 | 14.22 |
| Fibonacci | 12.81 | 13.02 | 13.14 | 13.35 | 13.56 | 13.68 | 13.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.28 | 12.08 | 12.76 | 13.56 | 14.24 | 15.04 | 15.72 |
| Camarilla | 13.03 | 13.17 | 13.30 | 13.44 | 13.58 | 13.71 | 13.85 |
| Woodie | 11.22 | 12.05 | 12.70 | 13.53 | 14.18 | 15.01 | 15.66 |
| Fibonacci | 12.08 | 12.65 | 13.00 | 13.56 | 14.13 | 14.48 | 15.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.24 | 8.29 | 9.88 | 11.93 | 13.52 | 15.57 | 17.16 |
| Camarilla | 10.48 | 10.81 | 11.15 | 11.48 | 11.81 | 12.15 | 12.48 |
| Woodie | 6.02 | 8.18 | 9.66 | 11.82 | 13.30 | 15.46 | 16.94 |
| Fibonacci | 8.29 | 9.68 | 10.54 | 11.93 | 13.32 | 14.18 | 15.57 |
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): | 65.16 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 21.96 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 13.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.39 | |
| Elder Ray (13): | 1.54 | |
| Super Trend (3,10): | 12.17 | |
| Zig ZAG (10): | 15.19 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 82.60 | |
| TEMA (21): | 13.99 | |
| Williams %R (14): | -2.48 | |
| Chande Momentum Oscillator (20): | 4.79 | |
| Repulse (5,40,3): | 9.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 42.82 |
| MA7: | 13.77 | |
| MA20: | 12.42 | |
| MA50: | 13.27 | |
| MA100: | 15.27 | |
| MAexp7: | 13.75 | |
| MAexp20: | 13.05 | |
| MAexp50: | 13.48 | |
| MAexp100: | 14.81 | |
| Price / MA7: | +9.22% | |
| Price / MA20: | +21.10% | |
| Price / MA50: | +13.34% | |
| Price / MA100: | -1.51% | |
| Price / MAexp7: | +9.38% | |
| Price / MAexp20: | +15.25% | |
| Price / MAexp50: | +11.57% | |
| Price / MAexp100: | +1.55% |
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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