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 06/24/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 2.83 USD

My targets

2.64 USD (-0.38%)

2.43 USD (-8.30%)

My analysis

The bearish trend is currently very strong for SACHEM CAPITAL CORP.. As long as the price remains below the resistance at 2.83 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.64 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.43 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 not called into question, despite technical indicators being neutral.

Force

7.3

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.

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Additional analysis

Quotes

The SACHEM CAPITAL CORP. price is 2.65 USD. On the day, this instrument lost -0.38% and was traded between 2.64 USD and 2.70 USD over the period. The price is currently at +0.38% from its lowest and -1.85% from its highest.

2.64

2.70

2.65

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SACHEM CAPITAL CORP.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

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 Daily chart of SACHEM CAPITAL CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.63	2.65	2.92	3.15	3.43
Change (%)	-0.75%	-	+10.19%	+18.87%	+29.43%
Change	-0.02	-	+0.27	+0.50	+0.78
Level	Intermediate	-	Intermediate	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	2.56	2.59	2.63	2.66	2.70	2.73	2.77
Camarilla	2.64	2.65	2.65	2.66	2.67	2.67	2.68
Woodie	2.56	2.59	2.63	2.66	2.70	2.73	2.77
Fibonacci	2.59	2.62	2.64	2.66	2.69	2.71	2.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.33	2.45	2.56	2.68	2.79	2.91	3.02
Camarilla	2.60	2.62	2.64	2.66	2.68	2.70	2.72
Woodie	2.32	2.45	2.55	2.68	2.78	2.91	3.01
Fibonacci	2.45	2.54	2.60	2.68	2.77	2.83	2.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.43	2.64	2.83	3.04	3.23	3.44	3.63
Camarilla	2.91	2.95	2.98	3.02	3.06	3.09	3.13
Woodie	2.42	2.64	2.82	3.04	3.22	3.44	3.62
Fibonacci	2.64	2.79	2.89	3.04	3.19	3.29	3.44

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):	24.08
MACD (12,26,9):	-0.1300
Directional Movement:	-29.97
AROON (14):	-85.71
DEMA (21):	2.72
Parabolic SAR (0,02-0,02-0,2):	3.02
Elder Ray (13):	-0.14
Super Trend (3,10):	2.91
Zig ZAG (10):	2.65
VORTEX (21):	0.6900
Stochastique (14,3,5):	12.70
TEMA (21):	2.68
Williams %R (14):	-88.79
Chande Momentum Oscillator (20):	-0.41
Repulse (5,40,3):	-5.0200
ROCnROLL:	2
TRIX (15,9):	-0.4600
Courbe Coppock:	19.50

MA7:	2.74
MA20:	2.90
MA50:	3.07
MA100:	3.39
MAexp7:	2.73
MAexp20:	2.88
MAexp50:	3.08
MAexp100:	3.25
Price / MA7:	-3.28%
Price / MA20:	-8.62%
Price / MA50:	-13.68%
Price / MA100:	-21.83%
Price / MAexp7:	-2.93%
Price / MAexp20:	-7.99%
Price / MAexp50:	-13.96%
Price / MAexp100:	-18.46%

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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