TETRAGON FIN GRP - Daily - Technical analysis published on 08/21/2023 (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%
56%
22%
My opinion
Bearish under 10.00 USD
My targets
9.52 USD (-1.86%)
9.34 USD (-3.71%)
My analysis
TETRAGON FIN GRP 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 10.00 USD. The next support located at 9.52 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 9.34 USD. Below this support, sellers could then target 9.22 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TETRAGON FIN GRP rating 9.70 USD. The price registered a decrease of -1.82% on the session and was between 9.70 USD and 9.88 USD. This implies that the price is at 0% from its lowest and at -1.82% from its highest.9.70
9.88
9.70
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of TETRAGON FIN GRP indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.22 | 9.34 | 9.52 | 9.70 | 9.76 | 10.00 | 10.25 |
| Change (%) | -4.95% | -3.71% | -1.86% | - | +0.62% | +3.09% | +5.67% |
| Change | -0.48 | -0.36 | -0.18 | - | +0.06 | +0.30 | +0.55 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 |
| Camarilla | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 |
| Woodie | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 |
| Fibonacci | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 | 9.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.59 | 9.69 | 9.75 | 9.85 | 9.91 | 10.01 | 10.07 |
| Camarilla | 9.76 | 9.77 | 9.79 | 9.80 | 9.82 | 9.83 | 9.84 |
| Woodie | 9.56 | 9.68 | 9.72 | 9.84 | 9.88 | 10.00 | 10.04 |
| Fibonacci | 9.69 | 9.75 | 9.79 | 9.85 | 9.91 | 9.95 | 10.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.17 | 9.43 | 9.62 | 9.88 | 10.07 | 10.33 | 10.52 |
| Camarilla | 9.68 | 9.72 | 9.76 | 9.80 | 9.84 | 9.88 | 9.92 |
| Woodie | 9.13 | 9.41 | 9.58 | 9.86 | 10.03 | 10.31 | 10.48 |
| Fibonacci | 9.43 | 9.61 | 9.71 | 9.88 | 10.06 | 10.16 | 10.33 |
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): | 42.97 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -15.87 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 9.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.96 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 10.01 | |
| Zig ZAG (10): | 9.70 | |
| VORTEX (21): | 0.6600 | |
| Stochastique (14,3,5): | 23.21 | |
| TEMA (21): | 9.76 | |
| Williams %R (14): | -92.86 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -2.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.73 |
| MA7: | 9.77 | |
| MA20: | 9.88 | |
| MA50: | 9.87 | |
| MA100: | 10.00 | |
| MAexp7: | 9.78 | |
| MAexp20: | 9.84 | |
| MAexp50: | 9.89 | |
| MAexp100: | 9.88 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | -1.72% | |
| Price / MA100: | -3.00% | |
| Price / MAexp7: | -0.82% | |
| Price / MAexp20: | -1.42% | |
| Price / MAexp50: | -1.92% | |
| Price / MAexp100: | -1.82% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on TETRAGON FIN GRP. At the time of publication of this analysis, the latest news was as follows:
- Tetragon Financial Group (TFG): Offering a diverse exposure to alternative assets
- Tetragon Financial Group Limited Investor Call on 26 February 2021
- Tetragon Financial Group Limited November 2020 Monthly Factsheet
- Tetragon Financial Group Limited Annual General Meeting
- Tetragon Financial Group Limited Announcement of Final Results of Tender Offer to Purchase Tetragon Non-Voting Shares
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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