NUMERAIRE - NMR/USD - 1H - Technical analysis published on 08/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 17.38 USD
My targets
18.27 USD (+3.75%)
18.93 USD (+7.51%)
My analysis
The bullish trend is currently very strong on NUMERAIRE - NMR/USD. As long as the price remains above the support at 17.38 USD, you could try to benefit from the boom. The first bullish objective is located at 18.27 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.93 USD as an objective. Crossing it would then enable buyers to target 24.90 USD. 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
8.8
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Additional analysis
Quotes
NUMERAIRE - NMR/USD rating 17.61 USD. The price registered an increase of +16.70% on the session with the lowest point at 14.78 USD and the highest point at 17.67 USD. The deviation from the price is +19.15% for the low point and -0.34% for the high point.14.78
17.67
17.61
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of NUMERAIRE - NMR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.29 | 15.73 | 17.38 | 17.61 | 18.27 | 24.90 | 29.79 |
| Change (%) | -18.85% | -10.68% | -1.31% | - | +3.75% | +41.40% | +69.17% |
| Change | -3.32 | -1.88 | -0.23 | - | +0.66 | +7.29 | +12.18 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Major |
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 | 10.70 | 12.50 | 13.79 | 15.59 | 16.88 | 18.68 | 19.97 |
| Camarilla | 14.24 | 14.52 | 14.81 | 15.09 | 15.37 | 15.66 | 15.94 |
| Woodie | 10.46 | 12.37 | 13.55 | 15.46 | 16.64 | 18.55 | 19.73 |
| Fibonacci | 12.50 | 13.68 | 14.41 | 15.59 | 16.77 | 17.50 | 18.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.40 | 10.23 | 10.97 | 11.80 | 12.54 | 13.37 | 14.11 |
| Camarilla | 11.28 | 11.42 | 11.57 | 11.71 | 11.85 | 12.00 | 12.14 |
| Woodie | 9.36 | 10.21 | 10.93 | 11.78 | 12.50 | 13.35 | 14.07 |
| Fibonacci | 10.23 | 10.83 | 11.20 | 11.80 | 12.40 | 12.77 | 13.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.49 | 9.07 | 11.42 | 14.00 | 16.35 | 18.93 | 21.28 |
| Camarilla | 12.40 | 12.86 | 13.31 | 13.76 | 14.21 | 14.66 | 15.12 |
| Woodie | 6.37 | 9.01 | 11.30 | 13.94 | 16.23 | 18.87 | 21.16 |
| Fibonacci | 9.07 | 10.96 | 12.12 | 14.00 | 15.89 | 17.05 | 18.93 |
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): | 67.53 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 23.25 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 15.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.57 | |
| Elder Ray (13): | 1.08 | |
| Super Trend (3,10): | 14.88 | |
| Zig ZAG (10): | 16.96 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 66.54 | |
| TEMA (21): | 15.96 | |
| Williams %R (14): | -15.41 | |
| Chande Momentum Oscillator (20): | 1.97 | |
| Repulse (5,40,3): | 8.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 9.47 |
| MA7: | 13.49 | |
| MA20: | 12.38 | |
| MA50: | 13.37 | |
| MA100: | 18.61 | |
| MAexp7: | 16.06 | |
| MAexp20: | 15.35 | |
| MAexp50: | 14.95 | |
| MAexp100: | 14.12 | |
| Price / MA7: | +30.54% | |
| Price / MA20: | +42.25% | |
| Price / MA50: | +31.71% | |
| Price / MA100: | -5.37% | |
| Price / MAexp7: | +9.65% | |
| Price / MAexp20: | +14.72% | |
| Price / MAexp50: | +17.79% | |
| Price / MAexp100: | +24.72% |
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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