ALLSPRING INC. OPPORTUNITIES FUND - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 6.49 USD
My targets
6.65 USD (+1.37%)
7.10 USD (+8.23%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ALLSPRING INC. OPPORTUNITIES FUND as long as the price remains well above 6.49 USD. The buyers' bullish objective is set at 6.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.10 USD. If there is any crossing, the next objective would be the resistance located at 7.49 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
6.4
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Additional analysis
Quotes
The ALLSPRING INC. OPPORTUNITIES FUND price is 6.56 USD. The price is lower by -0.30% since the last closing and was between 6.55 USD and 6.58 USD. This implies that the price is at +0.15% from its lowest and at -0.30% from its highest.6.55
6.58
6.56
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALLSPRING INC. OPPORTUNITIES FUND indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 6.27 | 6.42 | 6.49 | 6.56 | 6.58 | 6.65 | 7.10 |
| Change (%) | -4.42% | -2.13% | -1.07% | - | +0.30% | +1.37% | +8.23% |
| Change | -0.29 | -0.14 | -0.07 | - | +0.02 | +0.09 | +0.54 |
| Level | Major | Intermediate | Minor | - | Major | 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 | 6.45 | 6.47 | 6.53 | 6.55 | 6.61 | 6.63 | 6.69 |
| Camarilla | 6.56 | 6.57 | 6.57 | 6.58 | 6.59 | 6.60 | 6.60 |
| Woodie | 6.46 | 6.48 | 6.54 | 6.56 | 6.62 | 6.64 | 6.70 |
| Fibonacci | 6.47 | 6.50 | 6.52 | 6.55 | 6.58 | 6.60 | 6.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.44 | 6.49 | 6.53 | 6.58 | 6.62 | 6.67 | 6.71 |
| Camarilla | 6.55 | 6.55 | 6.56 | 6.57 | 6.58 | 6.59 | 6.60 |
| Woodie | 6.44 | 6.49 | 6.53 | 6.58 | 6.62 | 6.67 | 6.71 |
| Fibonacci | 6.49 | 6.52 | 6.55 | 6.58 | 6.61 | 6.64 | 6.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.92 | 6.08 | 6.24 | 6.40 | 6.56 | 6.72 | 6.88 |
| Camarilla | 6.31 | 6.34 | 6.37 | 6.40 | 6.43 | 6.46 | 6.49 |
| Woodie | 5.92 | 6.08 | 6.24 | 6.40 | 6.56 | 6.72 | 6.88 |
| Fibonacci | 6.08 | 6.20 | 6.28 | 6.40 | 6.52 | 6.60 | 6.72 |
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): | 54.29 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -0.14 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 6.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.41 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 6.49 | |
| Zig ZAG (10): | 6.57 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 90.00 | |
| TEMA (21): | 6.56 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.46 |
| MA7: | 6.55 | |
| MA20: | 6.48 | |
| MA50: | 6.47 | |
| MA100: | 6.44 | |
| MAexp7: | 6.56 | |
| MAexp20: | 6.55 | |
| MAexp50: | 6.54 | |
| MAexp100: | 6.51 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +1.86% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.77% |
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.
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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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