MULTIPLAN CORP. - Weekly - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
MULTIPLAN CORP. Chart
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.
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on MULTIPLAN CORP. were detected by the Central Volumes scanner:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
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:
Bearish engulfing lines
Type : Bearish
Timeframe : Weekly
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3500 | 0.4501 | 0.5071 | 0.6072 | 0.6642 | 0.7643 | 0.8213 |
| Camarilla | 0.5210 | 0.5354 | 0.5498 | 0.5642 | 0.5786 | 0.5930 | 0.6074 |
| Woodie | 0.3286 | 0.4393 | 0.4857 | 0.5964 | 0.6428 | 0.7535 | 0.7999 |
| Fibonacci | 0.4501 | 0.5101 | 0.5472 | 0.6072 | 0.6672 | 0.7043 | 0.7643 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.3622 | 0.4586 | 0.5824 | 0.6788 | 0.8026 | 0.8990 | 1.0228 |
| Camarilla | 0.6457 | 0.6658 | 0.6860 | 0.7062 | 0.7264 | 0.7466 | 0.7668 |
| Woodie | 0.3759 | 0.4655 | 0.5961 | 0.6857 | 0.8163 | 0.9059 | 1.0365 |
| Fibonacci | 0.4586 | 0.5427 | 0.5947 | 0.6788 | 0.7629 | 0.8149 | 0.8990 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1180 | 0.3240 | 0.4869 | 0.6929 | 0.8558 | 1.0618 | 1.2247 |
| Camarilla | 0.5484 | 0.5822 | 0.6160 | 0.6498 | 0.6836 | 0.7174 | 0.7513 |
| Woodie | 0.0965 | 0.3132 | 0.4654 | 0.6821 | 0.8343 | 1.0510 | 1.2032 |
| Fibonacci | 0.3240 | 0.4649 | 0.5520 | 0.6929 | 0.8338 | 0.9209 | 1.0618 |
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 :
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15 min delayed data
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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