DIGITALX LIMITED - Daily - Technical analysis published on 11/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.091 AUD
My targets
0.105 AUD (+5.00%)
0.115 AUD (+15.00%)
My analysis
The bullish trend is currently very strong on DIGITALX LIMITED. As long as the price remains above the support at 0.091 AUD, you could try to benefit from the boom. The first bullish objective is located at 0.105 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.115 AUD as an objective. Crossing it would then enable buyers to target 0.120 AUD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by knhassan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DIGITALX LIMITED rating 0.100 AUD. On the day, this instrument lost -4.76% and was between 0.098 AUD and 0.102 AUD. This implies that the price is at +2.04% from its lowest and at -1.96% from its highest.0.098
0.102
0.100
Here is a more detailed summary of the historical variations registered by DIGITALX LIMITED:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DIGITALX LIMITED indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
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 | 0.061 | 0.079 | 0.091 | 0.100 | 0.105 | 0.115 | 0.120 |
| Change (%) | -39.00% | -21.00% | -9.00% | - | +5.00% | +15.00% | +20.00% |
| Change | -0.039 | -0.021 | -0.009 | - | +0.005 | +0.015 | +0.020 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.094 | 0.096 | 0.098 | 0.100 | 0.102 | 0.104 | 0.106 |
| Camarilla | 0.099 | 0.099 | 0.100 | 0.100 | 0.100 | 0.101 | 0.101 |
| Woodie | 0.094 | 0.096 | 0.098 | 0.100 | 0.102 | 0.104 | 0.106 |
| Fibonacci | 0.096 | 0.098 | 0.099 | 0.100 | 0.102 | 0.103 | 0.104 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073 | 0.085 | 0.092 | 0.104 | 0.111 | 0.123 | 0.130 |
| Camarilla | 0.095 | 0.097 | 0.098 | 0.100 | 0.102 | 0.104 | 0.105 |
| Woodie | 0.072 | 0.084 | 0.091 | 0.103 | 0.110 | 0.122 | 0.129 |
| Fibonacci | 0.085 | 0.092 | 0.096 | 0.104 | 0.111 | 0.115 | 0.123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012 | 0.037 | 0.069 | 0.094 | 0.126 | 0.151 | 0.183 |
| Camarilla | 0.084 | 0.090 | 0.095 | 0.100 | 0.105 | 0.111 | 0.116 |
| Woodie | 0.015 | 0.039 | 0.072 | 0.096 | 0.129 | 0.153 | 0.186 |
| Fibonacci | 0.037 | 0.059 | 0.073 | 0.094 | 0.116 | 0.130 | 0.151 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.08 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 20.309 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 0.107 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.119 | |
| Elder Ray (13): | 0.005 | |
| Super Trend (3,10): | 0.092 | |
| Zig ZAG (10): | 0.105 | |
| VORTEX (21): | 1.0430 | |
| Stochastique (14,3,5): | 59.95 | |
| TEMA (21): | 0.109 | |
| Williams %R (14): | -40.54 | |
| Chande Momentum Oscillator (20): | 0.015 | |
| Repulse (5,40,3): | -0.5190 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.6290 | |
| Courbe Coppock: | 53.60 |
| MA7: | 0.103 | |
| MA20: | 0.095 | |
| MA50: | 0.079 | |
| MA100: | 0.066 | |
| MAexp7: | 0.103 | |
| MAexp20: | 0.096 | |
| MAexp50: | 0.083 | |
| MAexp100: | 0.074 | |
| Price / MA7: | -2.91% | |
| Price / MA20: | +5.26% | |
| Price / MA50: | +26.58% | |
| Price / MA100: | +51.52% | |
| Price / MAexp7: | -2.91% | |
| Price / MAexp20: | +4.17% | |
| Price / MAexp50: | +20.48% | |
| Price / MAexp100: | +35.14% |
Quotes :
-
End-of-day data
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Australia Stocks
News
The last news published on DIGITALX LIMITED at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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