CONFORMIS INC. - 1H - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
CONFORMIS INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.34 USD
My targets
1.39 USD (+1.46%)
1.61 USD (+17.52%)
My analysis
CONFORMIS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.34 USD. The next resistance located at 1.39 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.61 USD. After this resistance, buyers could then target 2.55 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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This analysis was given by aba0550.
Additional analysis
Quotes
The CONFORMIS INC. rating is 1.37 USD. The price registered an increase of +11.38% on the session with the lowest point at 1.23 USD and the highest point at 1.40 USD. The deviation from the price is +11.38% for the low point and -2.14% for the high point.1.23
1.40
1.37
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CONFORMIS INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.24 | 1.29 | 1.34 | 1.37 | 1.39 | 2.55 | 3.69 |
| Change (%) | -9.49% | -5.84% | -2.19% | - | +1.46% | +86.13% | +169.34% |
| Change | -0.13 | -0.08 | -0.03 | - | +0.02 | +1.18 | +2.32 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 1.11 | 1.15 | 1.19 | 1.23 | 1.27 | 1.31 | 1.35 |
| Camarilla | 1.21 | 1.22 | 1.22 | 1.23 | 1.24 | 1.25 | 1.25 |
| Woodie | 1.11 | 1.15 | 1.19 | 1.23 | 1.27 | 1.31 | 1.35 |
| Fibonacci | 1.15 | 1.18 | 1.20 | 1.23 | 1.26 | 1.28 | 1.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 0.93 | 1.03 | 1.09 | 1.19 | 1.25 | 1.35 |
| Camarilla | 1.09 | 1.10 | 1.12 | 1.13 | 1.15 | 1.16 | 1.17 |
| Woodie | 0.89 | 0.94 | 1.05 | 1.10 | 1.21 | 1.26 | 1.37 |
| Fibonacci | 0.93 | 0.99 | 1.03 | 1.09 | 1.15 | 1.19 | 1.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.40 | 0.63 | 0.89 | 1.12 | 1.38 | 1.61 | 1.87 |
| Camarilla | 1.02 | 1.06 | 1.11 | 1.15 | 1.20 | 1.24 | 1.29 |
| Woodie | 0.42 | 0.64 | 0.91 | 1.13 | 1.40 | 1.62 | 1.89 |
| Fibonacci | 0.63 | 0.82 | 0.93 | 1.12 | 1.31 | 1.42 | 1.61 |
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): | 67.14 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 34.22 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 1.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.23 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 1.17 | |
| Zig ZAG (10): | 1.35 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 69.52 | |
| TEMA (21): | 1.31 | |
| Williams %R (14): | -22.81 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 8.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 11.89 |
| MA7: | 1.18 | |
| MA20: | 1.11 | |
| MA50: | 1.02 | |
| MA100: | 0.99 | |
| MAexp7: | 1.29 | |
| MAexp20: | 1.22 | |
| MAexp50: | 1.16 | |
| MAexp100: | 1.12 | |
| Price / MA7: | +16.10% | |
| Price / MA20: | +23.42% | |
| Price / MA50: | +34.31% | |
| Price / MA100: | +38.38% | |
| Price / MAexp7: | +6.20% | |
| Price / MAexp20: | +12.30% | |
| Price / MAexp50: | +18.10% | |
| Price / MAexp100: | +22.32% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CONFORMIS INC.. At the time of publication of this analysis, the latest news was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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