APPEN LIMITED - Daily - Technical analysis published on 11/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.932 AUD
My targets
12.997 AUD (+13.81%)
13.827 AUD (+21.08%)
My analysis
APPEN LIMITED is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.932 AUD. The next resistance located at 12.997 AUD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.827 AUD. After this resistance, buyers could then target 15.810 AUD.
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
0
10
5.7
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This analysis was given by knhassan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPEN LIMITED rating is 11.420 AUD. The price is lower by -2.39% since the last closing with the lowest point at 11.285 AUD and the highest point at 11.980 AUD. The deviation from the price is +1.20% for the low point and -4.67% for the high point.11.285
11.980
11.420
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APPEN LIMITED:
Technical
Technical analysis of APPEN LIMITED in Daily shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.456 | 10.932 | 11.420 | 13.827 | 15.810 | 17.140 |
| Change (%) | -25.95% | -4.27% | - | +21.08% | +38.44% | +50.09% |
| Change | -2.964 | -0.488 | - | +2.407 | +4.390 | +5.720 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.448 | 10.867 | 11.143 | 11.562 | 11.838 | 12.257 | 12.533 |
| Camarilla | 11.229 | 11.293 | 11.356 | 11.420 | 11.484 | 11.547 | 11.611 |
| Woodie | 10.378 | 10.831 | 11.073 | 11.526 | 11.768 | 12.221 | 12.463 |
| Fibonacci | 10.867 | 11.132 | 11.296 | 11.562 | 11.827 | 11.991 | 12.257 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.623 | 10.207 | 10.813 | 11.397 | 12.003 | 12.587 | 13.193 |
| Camarilla | 11.093 | 11.202 | 11.311 | 11.420 | 11.529 | 11.638 | 11.747 |
| Woodie | 9.635 | 10.213 | 10.825 | 11.403 | 12.015 | 12.593 | 13.205 |
| Fibonacci | 10.207 | 10.661 | 10.942 | 11.397 | 11.851 | 12.132 | 12.587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.113 | 7.237 | 8.993 | 10.117 | 11.873 | 12.997 | 14.753 |
| Camarilla | 9.958 | 10.222 | 10.486 | 10.750 | 11.014 | 11.278 | 11.542 |
| Woodie | 6.430 | 7.395 | 9.310 | 10.275 | 12.190 | 13.155 | 15.070 |
| Fibonacci | 7.237 | 8.337 | 9.017 | 10.117 | 11.217 | 11.897 | 12.997 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.44 | |
| MACD (12,26,9): | 0.4550 | |
| Directional Movement: | 23.797 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 11.042 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.858 | |
| Elder Ray (13): | 0.794 | |
| Super Trend (3,10): | 10.445 | |
| Zig ZAG (10): | 11.700 | |
| VORTEX (21): | 1.3030 | |
| Stochastique (14,3,5): | 95.90 | |
| TEMA (21): | 11.584 | |
| Williams %R (14): | -3.88 | |
| Chande Momentum Oscillator (20): | 1.440 | |
| Repulse (5,40,3): | 4.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4650 | |
| Courbe Coppock: | 40.23 |
| MA7: | 11.066 | |
| MA20: | 10.275 | |
| MA50: | 9.933 | |
| MA100: | 11.308 | |
| MAexp7: | 11.159 | |
| MAexp20: | 10.545 | |
| MAexp50: | 10.460 | |
| MAexp100: | 11.542 | |
| Price / MA7: | +3.20% | |
| Price / MA20: | +11.14% | |
| Price / MA50: | +14.97% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | +2.34% | |
| Price / MAexp20: | +8.30% | |
| Price / MAexp50: | +9.18% | |
| Price / MAexp100: | -1.06% |
Quotes :
-
End-of-day data
-
Australia Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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