OBLONG INC. - 1H - Technical analysis published on 04/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.46 USD
My targets
2.89 USD (+5.58%)
3.44 USD (+25.55%)
My analysis
The bullish trend is currently very strong on OBLONG INC.. As long as the price remains above the support at 2.46 USD, you could try to benefit from the boom. The first bullish objective is located at 2.89 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.44 USD as an objective. Crossing it would then enable buyers to target 4.95 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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Additional analysis
Quotes
The OBLONG INC. price is 2.74 USD. The price registered an increase of +76.77% on the session and was between 1.65 USD and 3.17 USD. This implies that the price is at +66.06% from its lowest and at -13.56% from its highest.1.65
3.17
2.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OBLONG INC.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OBLONG INC. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.05 | 2.15 | 2.31 | 2.74 | 3.44 | 4.95 | 6.75 |
| Change (%) | -25.18% | -21.53% | -15.69% | - | +25.55% | +80.66% | +146.35% |
| Change | -0.69 | -0.59 | -0.43 | - | +0.70 | +2.21 | +4.01 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Intermediate |
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 | 1.07 | 1.26 | 1.40 | 1.59 | 1.73 | 1.92 | 2.06 |
| Camarilla | 1.46 | 1.49 | 1.52 | 1.55 | 1.58 | 1.61 | 1.64 |
| Woodie | 1.06 | 1.25 | 1.39 | 1.58 | 1.72 | 1.91 | 2.05 |
| Fibonacci | 1.26 | 1.38 | 1.46 | 1.59 | 1.71 | 1.79 | 1.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 1.18 | 1.38 | 1.72 | 1.92 | 2.26 | 2.46 |
| Camarilla | 1.44 | 1.49 | 1.54 | 1.59 | 1.64 | 1.69 | 1.74 |
| Woodie | 0.78 | 1.15 | 1.32 | 1.69 | 1.86 | 2.23 | 2.40 |
| Fibonacci | 1.18 | 1.38 | 1.51 | 1.72 | 1.92 | 2.05 | 2.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.40 | 0.83 | 1.23 | 1.66 | 2.06 | 2.49 | 2.89 |
| Camarilla | 1.41 | 1.49 | 1.56 | 1.64 | 1.72 | 1.79 | 1.87 |
| Woodie | 0.40 | 0.82 | 1.23 | 1.65 | 2.06 | 2.48 | 2.89 |
| Fibonacci | 0.83 | 1.14 | 1.34 | 1.66 | 1.97 | 2.17 | 2.49 |
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): | 73.73 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 40.23 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.45 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 1.43 | |
| Zig ZAG (10): | 1.98 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 68.06 | |
| TEMA (21): | 1.74 | |
| Williams %R (14): | -13.50 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 4.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 33.48 |
| MA7: | 1.56 | |
| MA20: | 1.54 | |
| MA50: | 1.95 | |
| MA100: | 2.19 | |
| MAexp7: | 1.76 | |
| MAexp20: | 1.60 | |
| MAexp50: | 1.56 | |
| MAexp100: | 1.57 | |
| Price / MA7: | +75.64% | |
| Price / MA20: | +77.92% | |
| Price / MA50: | +40.51% | |
| Price / MA100: | +25.11% | |
| Price / MAexp7: | +55.68% | |
| Price / MAexp20: | +71.25% | |
| Price / MAexp50: | +75.64% | |
| Price / MAexp100: | +74.52% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The last news published on OBLONG INC. at the time of the generation of this analysis was as follows:
- Oblong to Present at the Virtual Fall Investor Summit on November 17th
- Oblong to Present at The LD 500 Virtual Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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