SACHEM CAPITAL CORP.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SACH
ISIN:

SACHEM CAPITAL CORP. - Daily - Technical analysis published on 04/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 3.30 USD

My targets

2.92 USD (-7.89%)

2.63 USD (-17.03%)

My analysis

The bearish trend is currently very strong for SACHEM CAPITAL CORP.. As long as the price remains below the resistance at 3.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.63 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SACHEM CAPITAL CORP. price is 3.17 USD. The price registered a decrease of -0.31% on the session and was traded between 3.14 USD and 3.21 USD over the period. The price is currently at +0.96% from its lowest and -1.25% from its highest.

3.14

3.21

3.17

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SACHEM CAPITAL CORP. chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish 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.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.63	2.92	3.15	3.17	3.30	3.43	3.57
Change (%)	-17.03%	-7.89%	-0.63%	-	+4.10%	+8.20%	+12.62%
Change	-0.54	-0.25	-0.02	-	+0.13	+0.26	+0.40
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.10	3.13	3.16	3.19	3.22	3.25	3.28
Camarilla	3.16	3.17	3.18	3.18	3.19	3.19	3.20
Woodie	3.09	3.13	3.15	3.19	3.21	3.25	3.27
Fibonacci	3.13	3.16	3.17	3.19	3.22	3.23	3.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.64	2.89	3.05	3.30	3.46	3.71	3.87
Camarilla	3.10	3.14	3.17	3.21	3.25	3.29	3.32
Woodie	2.60	2.87	3.01	3.28	3.42	3.69	3.83
Fibonacci	2.89	3.05	3.14	3.30	3.46	3.55	3.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.88	3.24	3.78	4.14	4.68	5.04	5.58
Camarilla	4.07	4.16	4.24	4.32	4.40	4.49	4.57
Woodie	2.97	3.29	3.87	4.19	4.77	5.09	5.67
Fibonacci	3.24	3.58	3.80	4.14	4.48	4.70	5.04

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):	29.55
MACD (12,26,9):	-0.2000
Directional Movement:	-15.99
AROON (14):	-50.00
DEMA (21):	3.22
Parabolic SAR (0,02-0,02-0,2):	3.38
Elder Ray (13):	-0.16
Super Trend (3,10):	3.59
Zig ZAG (10):	3.14
VORTEX (21):	0.7300
Stochastique (14,3,5):	2.63
TEMA (21):	3.04
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.40
Repulse (5,40,3):	-5.5600
ROCnROLL:	2
TRIX (15,9):	-0.5900
Courbe Coppock:	39.16

MA7:	3.20
MA20:	3.57
MA50:	3.68
MA100:	3.63
MAexp7:	3.22
MAexp20:	3.45
MAexp50:	3.60
MAexp100:	3.57
Price / MA7:	-0.94%
Price / MA20:	-11.20%
Price / MA50:	-13.86%
Price / MA100:	-12.67%
Price / MAexp7:	-1.55%
Price / MAexp20:	-8.12%
Price / MAexp50:	-11.94%
Price / MAexp100:	-11.20%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on SACHEM CAPITAL CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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