SOLAR - SXP/USD - 1H - Technical analysis published on 04/22/2023 (GMT)
- 238
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.526667 USD
My targets
0.600000 USD (+3.45%)
0.640000 USD (+10.34%)
My analysis
The strong short-term increase in SWIPE - SXP/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.526667 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.600000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.640000 USD as an objective. Crossing it would then enable buyers to target 0.680000 USD. Caution, a return under 0.526667 USD could jeopardize the reversal.
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
2.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SWIPE - SXP/USD rating 0.580000 USD. On the day, this instrument gained +7.41% with the lowest point at 0.530000 USD and the highest point at 0.590000 USD. The deviation from the price is +9.43% for the low point and -1.69% for the high point.0.530000
0.590000
0.580000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SWIPE - SXP/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.212500 | 0.354667 | 0.520000 | 0.580000 | 0.580000 | 0.600000 | 0.640000 |
| Change (%) | -63.36% | -38.85% | -10.34% | 0% | - | +3.45% | +10.34% |
| Change | -0.367500 | -0.225333 | -0.060000 | 0 | - | +0.020000 | +0.060000 |
| Level | Minor | Major | Intermediate | Intermediate | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.426667 | 0.473333 | 0.506667 | 0.553333 | 0.586667 | 0.633333 | 0.666667 |
| Camarilla | 0.518000 | 0.525333 | 0.532667 | 0.540000 | 0.547333 | 0.554667 | 0.562000 |
| Woodie | 0.420000 | 0.470000 | 0.500000 | 0.550000 | 0.580000 | 0.630000 | 0.660000 |
| Fibonacci | 0.473333 | 0.503893 | 0.522773 | 0.553333 | 0.583893 | 0.602773 | 0.633333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.430000 | 0.500000 | 0.590000 | 0.660000 | 0.750000 | 0.820000 | 0.910000 |
| Camarilla | 0.636000 | 0.650667 | 0.665333 | 0.680000 | 0.694667 | 0.709333 | 0.724000 |
| Woodie | 0.440000 | 0.505000 | 0.600000 | 0.665000 | 0.760000 | 0.825000 | 0.920000 |
| Fibonacci | 0.500000 | 0.561120 | 0.598880 | 0.660000 | 0.721120 | 0.758880 | 0.820000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.096667 | 0.066667 | 0.363333 | 0.526667 | 0.823333 | 0.986667 | 1.283333 |
| Camarilla | 0.533500 | 0.575667 | 0.617833 | 0.660000 | 0.702167 | 0.744333 | 0.786500 |
| Woodie | -0.030000 | 0.100000 | 0.430000 | 0.560000 | 0.890000 | 1.020000 | 1.350000 |
| Fibonacci | 0.066667 | 0.242387 | 0.350947 | 0.526667 | 0.702387 | 0.810947 | 0.986667 |
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): | 52.80 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | 7.862223 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.542720 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.526292 | |
| Elder Ray (13): | 0.008132 | |
| Super Trend (3,10): | 0.577188 | |
| Zig ZAG (10): | 0.560000 | |
| VORTEX (21): | 1.0556 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.547326 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | -2.2173 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0889 | |
| Courbe Coppock: | 3.14 |
| MA7: | 0.600000 | |
| MA20: | 0.658000 | |
| MA50: | 0.459800 | |
| MA100: | 0.382300 | |
| MAexp7: | 0.547178 | |
| MAexp20: | 0.545510 | |
| MAexp50: | 0.554807 | |
| MAexp100: | 0.573010 | |
| Price / MA7: | -3.33% | |
| Price / MA20: | -11.85% | |
| Price / MA50: | +26.14% | |
| Price / MA100: | +51.71% | |
| Price / MAexp7: | +6.00% | |
| Price / MAexp20: | +6.32% | |
| Price / MAexp50: | +4.54% | |
| Price / MAexp100: | +1.22% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SOLAR - SXP/USD - 1H