KUSAMA - KSM/USD - 1H - Technical analysis published on 11/30/2024 (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
78%
11%
11%
My opinion
Bullish above 40.85 USD
My targets
44.01 USD (+4.44%)
47.03 USD (+11.60%)
My analysis
The bullish trend is currently very strong on KUSAMA - KSM/USD. As long as the price remains above the support at 40.85 USD, you could try to benefit from the boom. The first bullish objective is located at 44.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 47.03 USD as an objective. Crossing it would then enable buyers to target 51.82 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, 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
8.2
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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 KUSAMA - KSM/USD price is 42.14 USD. The price is lower by -0.10% since the last closing with the lowest point at 39.90 USD and the highest point at 42.83 USD. The deviation from the price is +5.61% for the low point and -1.61% for the high point.39.90
42.83
42.14
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of KUSAMA - KSM/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.59 | 37.93 | 40.85 | 42.14 | 44.01 | 47.03 | 51.82 |
| Change (%) | -22.66% | -9.99% | -3.06% | - | +4.44% | +11.60% | +22.97% |
| Change | -9.55 | -4.21 | -1.29 | - | +1.87 | +4.89 | +9.68 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Major |
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 | 30.58 | 33.63 | 37.91 | 40.96 | 45.24 | 48.29 | 52.57 |
| Camarilla | 40.17 | 40.85 | 41.52 | 42.19 | 42.86 | 43.53 | 44.21 |
| Woodie | 31.20 | 33.94 | 38.53 | 41.27 | 45.86 | 48.60 | 53.19 |
| Fibonacci | 33.63 | 36.43 | 38.16 | 40.96 | 43.76 | 45.49 | 48.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.70 | 8.40 | 30.11 | 41.21 | 62.92 | 74.02 | 95.73 |
| Camarilla | 42.80 | 45.81 | 48.81 | 51.82 | 54.83 | 57.84 | 60.84 |
| Woodie | 2.61 | 11.05 | 35.42 | 43.86 | 68.23 | 76.67 | 101.04 |
| Fibonacci | 8.40 | 20.93 | 28.68 | 41.21 | 53.74 | 61.49 | 74.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.16 | 13.58 | 15.07 | 17.49 | 18.98 | 21.40 | 22.89 |
| Camarilla | 15.50 | 15.85 | 16.21 | 16.57 | 16.93 | 17.29 | 17.65 |
| Woodie | 10.71 | 13.35 | 14.62 | 17.26 | 18.53 | 21.17 | 22.44 |
| Fibonacci | 13.58 | 15.07 | 15.99 | 17.49 | 18.98 | 19.90 | 21.40 |
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): | 62.07 | |
| MACD (12,26,9): | 0.4800 | |
| Directional Movement: | 19.29 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 41.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.86 | |
| Elder Ray (13): | 1.14 | |
| Super Trend (3,10): | 40.00 | |
| Zig ZAG (10): | 42.48 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 78.19 | |
| TEMA (21): | 41.70 | |
| Williams %R (14): | -9.13 | |
| Chande Momentum Oscillator (20): | 1.51 | |
| Repulse (5,40,3): | 3.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 1.12 |
| MA7: | 39.46 | |
| MA20: | 28.77 | |
| MA50: | 22.09 | |
| MA100: | 20.85 | |
| MAexp7: | 41.66 | |
| MAexp20: | 40.98 | |
| MAexp50: | 39.99 | |
| MAexp100: | 38.70 | |
| Price / MA7: | +6.79% | |
| Price / MA20: | +46.47% | |
| Price / MA50: | +90.77% | |
| Price / MA100: | +102.11% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +2.83% | |
| Price / MAexp50: | +5.38% | |
| Price / MAexp100: | +8.89% |
Quotes :
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Real time data
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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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