ACASTI PHARMA INC.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ACST
ISIN:	CA00430K4028

ACASTI PHARMA INC. - 1H - Technical analysis published on 05/19/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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ACASTI PHARMA INC. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.528 USD

My targets

0.569 USD (+4.79%)

0.588 USD (+8.34%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade ACASTI PHARMA INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.528 USD. The buyers' bullish objective is set at 0.569 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.588 USD. If there is any crossing, the next objective would be the resistance located at 0.620 USD. If there is a bearish break in the support located at 0.528 USD some indecision would arise.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.2

Comment on the analysis

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 aba0550.

Additional analysis

Quotes

The ACASTI PHARMA INC. price is 0.543 USD. On the day, this instrument gained +19.34% and was traded between 0.440 USD and 0.564 USD over the period. The price is currently at +23.41% from its lowest and -3.72% from its highest.

0.440

0.564

0.543

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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 1H chart of ACASTI PHARMA INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.431	0.455	0.528	0.543	0.569	0.620	0.652
Change (%)	-20.63%	-16.21%	-2.76%	-	+4.79%	+14.18%	+20.07%
Change	-0.112	-0.088	-0.015	-	+0.026	+0.077	+0.109
Level	Minor	Major	Minor	-	Intermediate	Intermediate	Minor

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	0.403	0.418	0.436	0.451	0.469	0.484	0.502
Camarilla	0.446	0.449	0.452	0.455	0.458	0.461	0.464
Woodie	0.406	0.419	0.439	0.452	0.472	0.485	0.505
Fibonacci	0.418	0.430	0.438	0.451	0.463	0.471	0.484

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.294	0.349	0.392	0.447	0.490	0.545	0.588
Camarilla	0.409	0.418	0.427	0.436	0.445	0.454	0.463
Woodie	0.289	0.346	0.387	0.444	0.485	0.542	0.583
Fibonacci	0.349	0.386	0.409	0.447	0.484	0.507	0.545

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.110	0.246	0.369	0.505	0.628	0.764	0.887
Camarilla	0.422	0.446	0.469	0.493	0.517	0.541	0.564
Woodie	0.105	0.243	0.364	0.502	0.623	0.761	0.882
Fibonacci	0.246	0.345	0.406	0.505	0.604	0.665	0.764

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):	55.36
MACD (12,26,9):	0.0040
Directional Movement:	10.559
AROON (14):	85.714
DEMA (21):	0.450
Parabolic SAR (0,02-0,02-0,2):	0.411
Elder Ray (13):	0.008
Super Trend (3,10):	0.468
Zig ZAG (10):	0.454
VORTEX (21):	1.0980
Stochastique (14,3,5):	81.87
TEMA (21):	0.455
Williams %R (14):	-27.96
Chande Momentum Oscillator (20):	0.014
Repulse (5,40,3):	0.5560
ROCnROLL:	1
TRIX (15,9):	0.0710
Courbe Coppock:	4.95

MA7:	0.441
MA20:	0.461
MA50:	0.542
MA100:	0.619
MAexp7:	0.452
MAexp20:	0.446
MAexp50:	0.446
MAexp100:	0.454
Price / MA7:	+23.13%
Price / MA20:	+17.79%
Price / MA50:	+0.18%
Price / MA100:	-12.28%
Price / MAexp7:	+20.13%
Price / MAexp20:	+21.75%
Price / MAexp50:	+21.75%
Price / MAexp100:	+19.60%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on ACASTI PHARMA INC. 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.

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