UMA - UMA/USD - Daily - Technical analysis published on 09/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.60 USD
My targets
1.32 USD (-7.04%)
1.17 USD (-17.61%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on UMA - UMA/USD. As long as you are under the resistance located at 1.60 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.32 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.17 USD as an objective. Crossing it would then enable sellers to target 1.01 USD. If the resistance 1.60 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UMA - UMA/USD rating 1.42 USD. On the day, this instrument gained +4.41% with the lowest point at 1.34 USD and the highest point at 1.48 USD. The deviation from the price is +5.97% for the low point and -4.05% for the high point.1.34
1.48
1.42
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of UMA - UMA/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.42 | 1.68 | 2.17 | 2.52 |
| Change (%) | - | +18.31% | +52.82% | +77.46% |
| Change | - | +0.26 | +0.75 | +1.10 |
| Level | - | Major | Minor | Minor |
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 | 1.27 | 1.30 | 1.33 | 1.36 | 1.39 | 1.42 | 1.45 |
| Camarilla | 1.34 | 1.35 | 1.36 | 1.36 | 1.37 | 1.37 | 1.38 |
| Woodie | 1.27 | 1.30 | 1.33 | 1.36 | 1.39 | 1.42 | 1.45 |
| Fibonacci | 1.30 | 1.32 | 1.34 | 1.36 | 1.38 | 1.40 | 1.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.21 | 1.26 | 1.32 | 1.37 | 1.43 | 1.48 | 1.54 |
| Camarilla | 1.35 | 1.36 | 1.37 | 1.38 | 1.39 | 1.40 | 1.41 |
| Woodie | 1.22 | 1.26 | 1.33 | 1.37 | 1.44 | 1.48 | 1.55 |
| Fibonacci | 1.26 | 1.30 | 1.33 | 1.37 | 1.41 | 1.44 | 1.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.74 | 1.01 | 1.17 | 1.44 | 1.60 | 1.87 | 2.03 |
| Camarilla | 1.21 | 1.25 | 1.29 | 1.33 | 1.37 | 1.41 | 1.45 |
| Woodie | 0.69 | 0.98 | 1.12 | 1.41 | 1.55 | 1.84 | 1.98 |
| Fibonacci | 1.01 | 1.17 | 1.28 | 1.44 | 1.60 | 1.71 | 1.87 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.87 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 2.53 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.29 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.51 | |
| Zig ZAG (10): | 1.44 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 51.78 | |
| TEMA (21): | 1.34 | |
| Williams %R (14): | -31.14 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 3.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 4.64 |
| MA7: | 1.37 | |
| MA20: | 1.38 | |
| MA50: | 1.51 | |
| MA100: | 1.58 | |
| MAexp7: | 1.38 | |
| MAexp20: | 1.41 | |
| MAexp50: | 1.49 | |
| MAexp100: | 1.60 | |
| Price / MA7: | +3.65% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | -5.96% | |
| Price / MA100: | -10.13% | |
| Price / MAexp7: | +2.90% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | -4.70% | |
| Price / MAexp100: | -11.25% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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