PROSE. CASH - 1H - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.4780 EUR
My targets
0.4885 EUR (+1.14%)
0.4920 EUR (+1.86%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade PROSE. CASH with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.4780 EUR. The buyers' bullish objective is set at 0.4885 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.4920 EUR. If there is any crossing, the next objective would be the resistance located at 0.4950 EUR. If there is a bearish break in the support located at 0.4780 EUR some indecision would arise.
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
4.6
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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 PROSE. CASH price is 0.4830 EUR. The price is lower by -0.10% since the last closing and was traded between 0.4810 EUR and 0.4855 EUR over the period. The price is currently at +0.42% from its lowest and -0.51% from its highest.0.4810
0.4855
0.4830
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PROSE. CASH chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.4720 | 0.4745 | 0.4780 | 0.4830 | 0.4840 | 0.4885 | 0.4920 |
| Change (%) | -2.28% | -1.76% | -1.04% | - | +0.21% | +1.14% | +1.86% |
| Change | -0.0110 | -0.0085 | -0.0050 | - | +0.0010 | +0.0055 | +0.0090 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.4770 | 0.4785 | 0.4810 | 0.4825 | 0.4850 | 0.4865 | 0.4890 |
| Camarilla | 0.4824 | 0.4828 | 0.4831 | 0.4835 | 0.4839 | 0.4842 | 0.4846 |
| Woodie | 0.4775 | 0.4788 | 0.4815 | 0.4828 | 0.4855 | 0.4868 | 0.4895 |
| Fibonacci | 0.4785 | 0.4800 | 0.4810 | 0.4825 | 0.4840 | 0.4850 | 0.4865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4647 | 0.4713 | 0.4752 | 0.4818 | 0.4857 | 0.4923 | 0.4962 |
| Camarilla | 0.4761 | 0.4771 | 0.4780 | 0.4790 | 0.4800 | 0.4809 | 0.4819 |
| Woodie | 0.4633 | 0.4706 | 0.4738 | 0.4811 | 0.4843 | 0.4916 | 0.4948 |
| Fibonacci | 0.4713 | 0.4753 | 0.4778 | 0.4818 | 0.4858 | 0.4883 | 0.4923 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4427 | 0.4573 | 0.4682 | 0.4828 | 0.4937 | 0.5083 | 0.5192 |
| Camarilla | 0.4720 | 0.4743 | 0.4767 | 0.4790 | 0.4813 | 0.4837 | 0.4860 |
| Woodie | 0.4408 | 0.4564 | 0.4663 | 0.4819 | 0.4918 | 0.5074 | 0.5173 |
| Fibonacci | 0.4573 | 0.4671 | 0.4731 | 0.4828 | 0.4926 | 0.4986 | 0.5083 |
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): | 54.15 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 1.4336 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 0.4822 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.4768 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.4854 | |
| Zig ZAG (10): | 0.4830 | |
| VORTEX (21): | 0.7190 | |
| Stochastique (14,3,5): | 74.76 | |
| TEMA (21): | 0.4832 | |
| Williams %R (14): | -35.71 | |
| Chande Momentum Oscillator (20): | 0.0045 | |
| Repulse (5,40,3): | 0.9835 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 1.53 |
| MA7: | 0.4811 | |
| MA20: | 0.4825 | |
| MA50: | 0.4818 | |
| MA100: | 0.5046 | |
| MAexp7: | 0.4828 | |
| MAexp20: | 0.4815 | |
| MAexp50: | 0.4814 | |
| MAexp100: | 0.4820 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +0.25% | |
| Price / MA100: | -4.28% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.21% |
Quotes :
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15 min delayed data
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Spain Stocks
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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