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 07/16/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Bullish above 2.92 USD

My targets

3.39 USD (+13.38%)

3.72 USD (+24.41%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SACHEM CAPITAL CORP. as long as the price remains well above 2.92 USD. The buyers' bullish objective is set at 3.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.72 USD. If there is any crossing, the next objective would be the resistance located at 4.40 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 3.39 USD. On this resistance, against the trend traders who would like to go short on SACHEM CAPITAL CORP. with a bearish signal from their trading strategy, should not hesitate to act.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

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 2.99 USD. The price has increased by +4.91% since the last closing and was between 2.85 USD and 3.00 USD. This implies that the price is at +4.91% from its lowest and at -0.33% from its highest.

2.85

3.00

2.99

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SACHEM CAPITAL CORP. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.63	2.92	2.99	3.43	3.72	4.40
Change (%)	-12.04%	-2.34%	-	+14.72%	+24.41%	+47.16%
Change	-0.36	-0.07	-	+0.44	+0.73	+1.41
Level	Major	Major	-	Major	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	2.77	2.80	2.82	2.85	2.87	2.90	2.92
Camarilla	2.84	2.84	2.85	2.85	2.86	2.86	2.86
Woodie	2.78	2.80	2.83	2.85	2.88	2.90	2.93
Fibonacci	2.80	2.82	2.83	2.85	2.87	2.88	2.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.24	2.37	2.59	2.72	2.94	3.07	3.29
Camarilla	2.71	2.75	2.78	2.81	2.84	2.87	2.91
Woodie	2.29	2.39	2.64	2.74	2.99	3.09	3.34
Fibonacci	2.37	2.50	2.59	2.72	2.85	2.94	3.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.73	2.13	2.36	2.76	2.99	3.39	3.62
Camarilla	2.42	2.48	2.53	2.59	2.65	2.71	2.76
Woodie	1.65	2.09	2.28	2.72	2.91	3.35	3.54
Fibonacci	2.13	2.37	2.52	2.76	3.00	3.15	3.39

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):	65.92
MACD (12,26,9):	-0.0300
Directional Movement:	16.16
AROON (14):	57.14
DEMA (21):	2.66
Parabolic SAR (0,02-0,02-0,2):	2.53
Elder Ray (13):	0.20
Super Trend (3,10):	2.66
Zig ZAG (10):	3.00
VORTEX (21):	0.9500
Stochastique (14,3,5):	95.38
TEMA (21):	2.74
Williams %R (14):	-0.88
Chande Momentum Oscillator (20):	0.42
Repulse (5,40,3):	9.1500
ROCnROLL:	1
TRIX (15,9):	-0.4800
Courbe Coppock:	6.87

MA7:	2.73
MA20:	2.65
MA50:	2.91
MA100:	3.27
MAexp7:	2.78
MAexp20:	2.73
MAexp50:	2.89
MAexp100:	3.09
Price / MA7:	+9.52%
Price / MA20:	+12.83%
Price / MA50:	+2.75%
Price / MA100:	-8.56%
Price / MAexp7:	+7.55%
Price / MAexp20:	+9.52%
Price / MAexp50:	+3.46%
Price / MAexp100:	-3.24%

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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