BRAINCHIP HOLDINGS LTD - Daily - Technical analysis published on 04/06/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.313 AUD
My targets
0.363 AUD (+3.71%)
0.395 AUD (+12.86%)
My analysis
The basic bullish trend is very strong on BRAINCHIP HOLDINGS LTD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.313 AUD. Crossing the first resistance at 0.363 AUD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.395 AUD as an objective. Crossing it would then enable buyers to target 0.435 AUD. Caution, a return to below 0.313 AUD would be a sign of a consolidation phase in the short-term basic trend. 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, 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
0
10
6.4
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This analysis was given by Robertson9991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BRAINCHIP HOLDINGS LTD price is 0.350 AUD. The price registered a decrease of -1.41% on the session with the lowest point at 0.338 AUD and the highest point at 0.355 AUD. The deviation from the price is +3.55% for the low point and -1.41% for the high point.0.338
0.355
0.350
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BRAINCHIP HOLDINGS LTD:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BRAINCHIP HOLDINGS LTD in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.200 | 0.250 | 0.299 | 0.350 | 0.363 | 0.395 | 0.435 |
| Change (%) | -42.86% | -28.57% | -14.57% | - | +3.71% | +12.86% | +24.29% |
| Change | -0.150 | -0.100 | -0.051 | - | +0.013 | +0.045 | +0.085 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 0.322 | 0.329 | 0.340 | 0.347 | 0.358 | 0.365 | 0.376 |
| Camarilla | 0.345 | 0.347 | 0.348 | 0.350 | 0.352 | 0.353 | 0.355 |
| Woodie | 0.323 | 0.330 | 0.341 | 0.348 | 0.359 | 0.366 | 0.377 |
| Fibonacci | 0.329 | 0.336 | 0.341 | 0.347 | 0.354 | 0.359 | 0.365 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.243 | 0.277 | 0.313 | 0.347 | 0.383 | 0.417 | 0.453 |
| Camarilla | 0.331 | 0.337 | 0.344 | 0.350 | 0.356 | 0.363 | 0.369 |
| Woodie | 0.245 | 0.278 | 0.315 | 0.348 | 0.385 | 0.418 | 0.455 |
| Fibonacci | 0.277 | 0.303 | 0.320 | 0.347 | 0.373 | 0.390 | 0.417 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.098 | 0.197 | 0.253 | 0.352 | 0.408 | 0.507 | 0.563 |
| Camarilla | 0.267 | 0.282 | 0.296 | 0.310 | 0.324 | 0.338 | 0.353 |
| Woodie | 0.078 | 0.186 | 0.233 | 0.341 | 0.388 | 0.496 | 0.543 |
| Fibonacci | 0.197 | 0.256 | 0.293 | 0.352 | 0.411 | 0.448 | 0.507 |
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): | 52.23 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 3.979 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 0.350 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.297 | |
| Elder Ray (13): | 0.003 | |
| Super Trend (3,10): | 0.405 | |
| Zig ZAG (10): | 0.350 | |
| VORTEX (21): | 0.8750 | |
| Stochastique (14,3,5): | 66.15 | |
| TEMA (21): | 0.331 | |
| Williams %R (14): | -35.29 | |
| Chande Momentum Oscillator (20): | -0.005 | |
| Repulse (5,40,3): | 2.4320 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1580 | |
| Courbe Coppock: | 17.28 |
| MA7: | 0.336 | |
| MA20: | 0.349 | |
| MA50: | 0.314 | |
| MA100: | 0.248 | |
| MAexp7: | 0.343 | |
| MAexp20: | 0.344 | |
| MAexp50: | 0.316 | |
| MAexp100: | 0.285 | |
| Price / MA7: | +4.17% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +11.46% | |
| Price / MA100: | +41.13% | |
| Price / MAexp7: | +2.04% | |
| Price / MAexp20: | +1.74% | |
| Price / MAexp50: | +10.76% | |
| Price / MAexp100: | +22.81% |
Quotes :
-
End-of-day data
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Australia Stocks
News
Don't forget to follow the news on BRAINCHIP HOLDINGS LTD. At the time of publication of this analysis, the latest news was as follows:
-
Elon Musk's Neuralink shows first brain-chip patient playing chess
- Media Alert: BrainChip Chair Antonio J. Viana Addresses Investors in Two-Part Investor Podcast
- Media Alert: BrainChip and Edge Impulse Offer a Neuromorphic Deep Dive into Next-Gen Edge AI Solutions
- University of Virginia Joins the BrainChip University AI Accelerator Program
- BrainChip's Latest US Patent Award Extends Intellectual Property Strength and its Leadership in Edge Learning
This member declared not having a position on this financial instrument or a related financial instrument.
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