NUMERAIRE - NMR/USD - 1H - Technical analysis published on 12/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 16.55 USD
My targets
17.49 USD (+0.98%)
17.72 USD (+2.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NUMERAIRE - NMR/USD as long as the price remains well above 16.55 USD. The buyers' bullish objective is set at 17.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.72 USD. If there is any crossing, the next objective would be the resistance located at 18.02 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NUMERAIRE - NMR/USD rating is 17.32 USD. On the day, this instrument lost -0.17% and was between 16.98 USD and 17.53 USD. This implies that the price is at +2.00% from its lowest and at -1.20% from its highest.16.98
17.53
17.32
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on NUMERAIRE - NMR/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of NUMERAIRE - NMR/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.10 | 16.55 | 17.26 | 17.32 | 17.49 | 17.72 | 18.02 |
| Change (%) | -7.04% | -4.45% | -0.35% | - | +0.98% | +2.31% | +4.04% |
| Change | -1.22 | -0.77 | -0.06 | - | +0.17 | +0.40 | +0.70 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.42 | 16.09 | 16.72 | 17.39 | 18.02 | 18.69 | 19.32 |
| Camarilla | 16.99 | 17.11 | 17.23 | 17.35 | 17.47 | 17.59 | 17.71 |
| Woodie | 15.40 | 16.08 | 16.70 | 17.38 | 18.00 | 18.68 | 19.30 |
| Fibonacci | 16.09 | 16.59 | 16.89 | 17.39 | 17.89 | 18.19 | 18.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.12 | 14.08 | 15.61 | 16.57 | 18.10 | 19.06 | 20.59 |
| Camarilla | 16.47 | 16.69 | 16.92 | 17.15 | 17.38 | 17.61 | 17.84 |
| Woodie | 13.42 | 14.22 | 15.91 | 16.71 | 18.40 | 19.20 | 20.89 |
| Fibonacci | 14.08 | 15.03 | 15.62 | 16.57 | 17.52 | 18.11 | 19.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.01 | 11.18 | 13.38 | 15.55 | 17.75 | 19.92 | 22.12 |
| Camarilla | 14.38 | 14.78 | 15.18 | 15.58 | 15.98 | 16.38 | 16.78 |
| Woodie | 9.03 | 11.19 | 13.40 | 15.56 | 17.77 | 19.93 | 22.14 |
| Fibonacci | 11.18 | 12.85 | 13.88 | 15.55 | 17.22 | 18.25 | 19.92 |
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): | 51.65 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.95 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 17.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.04 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 16.80 | |
| Zig ZAG (10): | 17.32 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 55.01 | |
| TEMA (21): | 17.31 | |
| Williams %R (14): | -38.18 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.36 |
| MA7: | 16.98 | |
| MA20: | 16.27 | |
| MA50: | 15.62 | |
| MA100: | 14.23 | |
| MAexp7: | 17.30 | |
| MAexp20: | 17.29 | |
| MAexp50: | 17.20 | |
| MAexp100: | 17.04 | |
| Price / MA7: | +2.00% | |
| Price / MA20: | +6.45% | |
| Price / MA50: | +10.88% | |
| Price / MA100: | +21.71% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +1.64% |
Quotes :
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Real time data
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Cryptocompare
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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