BRAINCHIP HOLDINGS LTD - Daily - Technical analysis published on 04/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 0.313 AUD
My targets
0.363 AUD (+6.76%)
0.395 AUD (+16.18%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.313 AUD remains possible. It is advisable to trade BRAINCHIP HOLDINGS LTD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.313 AUD. The next bullish objective for buyers is set at 0.363 AUD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.395 AUD. If there is any crossing, the next objective would be the resistance located at 0.435 AUD. PS: if there is a bearish break in the support located at 0.313 AUD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
3.2
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Additional analysis
Quotes
The BRAINCHIP HOLDINGS LTD rating is 0.340 AUD. On the day, this instrument lost -2.86% with the lowest point at 0.335 AUD and the highest point at 0.355 AUD. The deviation from the price is +1.49% for the low point and -4.23% for the high point.0.335
0.355
0.340
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BRAINCHIP HOLDINGS LTD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.340 | 0.363 | 0.395 | 0.435 |
Change (%) | -41.18% | -26.47% | -12.06% | - | +6.76% | +16.18% | +27.94% |
Change | -0.140 | -0.090 | -0.041 | - | +0.023 | +0.055 | +0.095 |
Level | Minor | Minor | Intermediate | - | Minor | Minor | 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 | 0.312 | 0.323 | 0.332 | 0.343 | 0.352 | 0.363 | 0.372 |
Camarilla | 0.335 | 0.336 | 0.338 | 0.340 | 0.342 | 0.344 | 0.346 |
Woodie | 0.310 | 0.323 | 0.330 | 0.343 | 0.350 | 0.363 | 0.370 |
Fibonacci | 0.323 | 0.331 | 0.336 | 0.343 | 0.351 | 0.356 | 0.363 |
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): | 49.95 | |
MACD (12,26,9): | 0.0020 | |
Directional Movement: | 3.328 | |
AROON (14): | 64.285 | |
DEMA (21): | 0.349 | |
Parabolic SAR (0,02-0,02-0,2): | 0.298 | |
Elder Ray (13): | 0.002 | |
Super Trend (3,10): | 0.405 | |
Zig ZAG (10): | 0.340 | |
VORTEX (21): | 0.8980 | |
Stochastique (14,3,5): | 62.75 | |
TEMA (21): | 0.331 | |
Williams %R (14): | -47.06 | |
Chande Momentum Oscillator (20): | -0.005 | |
Repulse (5,40,3): | -2.3000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1200 | |
Courbe Coppock: | 11.24 |
MA7: | 0.337 | |
MA20: | 0.346 | |
MA50: | 0.318 | |
MA100: | 0.249 | |
MAexp7: | 0.342 | |
MAexp20: | 0.344 | |
MAexp50: | 0.317 | |
MAexp100: | 0.287 | |
Price / MA7: | +0.89% | |
Price / MA20: | -1.73% | |
Price / MA50: | +6.92% | |
Price / MA100: | +36.55% | |
Price / MAexp7: | -0.58% | |
Price / MAexp20: | -1.16% | |
Price / MAexp50: | +7.26% | |
Price / MAexp100: | +18.47% |
Quotes :
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End-of-day data
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Australia Stocks
News
The latest news and videos published on BRAINCHIP HOLDINGS LTD at the time of the analysis were 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.
About author
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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