MULTIPLAN CORP.
MULTIPLAN CORP.
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MPLN
ISIN:

MULTIPLAN CORP. - Weekly - Technical analysis published on 05/15/2024 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.7069 USD
My targets
0.5824 USD (-7.28%)
0.4869 USD (-22.48%)
My analysis
MULTIPLAN CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.7069 USD. The next support located at 0.5824 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.4869 USD. Below this support, sellers could then target 0.3240 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5

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 Qaisali123.

Additional analysis

Quotes

The MULTIPLAN CORP. rating is 0.6281 USD. The price registered an increase of +3.44% over 5 days and has been traded over the last 5 days between 0.5919 USD and 0.7654 USD. This implies that the 5 day price is +6.12% from its lowest point and -17.94% from its highest point.

0.5919
0.7654
0.6281

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on MULTIPLAN CORP. were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Weekly of this MULTIPLAN CORP. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 0.6281 0.7069 3.4750 6.1322
Change (%) - +12.55% +453.26% +876.31%
Change - +0.0788 +2.8469 +5.5041
Level - Intermediate Minor 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
Standard0.35000.45010.50710.60720.66420.76430.8213
Camarilla0.52100.53540.54980.56420.57860.59300.6074
Woodie0.32860.43930.48570.59640.64280.75350.7999
Fibonacci0.45010.51010.54720.60720.66720.70430.7643


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.36220.45860.58240.67880.80260.89901.0228
Camarilla0.64570.66580.68600.70620.72640.74660.7668
Woodie0.37590.46550.59610.68570.81630.90591.0365
Fibonacci0.45860.54270.59470.67880.76290.81490.8990


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.11800.32400.48690.69290.85581.06181.2247
Camarilla0.54840.58220.61600.64980.68360.71740.7513
Woodie0.09650.31320.46540.68210.83431.05101.2032
Fibonacci0.32400.46490.55200.69290.83380.92091.0618

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): 35.38
MACD (12,26,9): -0.2075
Directional Movement: -12.4429
AROON (14): -71.4285
DEMA (21): 0.6430
Parabolic SAR (0,02-0,02-0,2): 0.8190
Elder Ray (13): -0.1445
Super Trend (3,10): 1.1841
Zig ZAG (10): 0.6345
VORTEX (21): 0.7524
Stochastique (14,3,5): 16.37
TEMA (21): 0.5720
Williams %R (14): -87.44
Chande Momentum Oscillator (20): -0.4783
Repulse (5,40,3): -16.3648
ROCnROLL: 2
TRIX (15,9): -2.2002
Courbe Coppock: 79.77
MA7: 0.6469
MA20: 0.6351
MA50: 0.7401
MA100: 0.9717
MAexp7: 0.7050
MAexp20: 0.9113
MAexp50: 1.2814
MAexp100: 2.1097
Price / MA7: -2.91%
Price / MA20: -1.10%
Price / MA50: -15.13%
Price / MA100: -35.36%
Price / MAexp7: -10.91%
Price / MAexp20: -31.08%
Price / MAexp50: -50.98%
Price / MAexp100: -70.23%

Quotes : - 15 min delayed data - NYSE Stocks

News


The latest news and videos published on MULTIPLAN 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.

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