JIUZI HOLDINGS INC. - Weekly - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 1.95 USD
My targets
1.54 USD (-13.48%)
1.40 USD (-21.35%)
My analysis
With a strongly bearish trend, the price of JIUZI HOLDINGS INC. is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.95 USD remains possible. It would be possible for traders to only trade short positions (for sale) on JIUZI HOLDINGS INC. as long as the price remains well below 1.95 USD. The next bearish objective for sellers is set at 1.54 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.40 USD. In case of crossing, the next objective would be the support located at 1.03 USD.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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This analysis was given by Cedric345. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JIUZI HOLDINGS INC. rating is 1.78 USD. The price registered an increase of +50.85% over 5 days with the lowest point at 1.05 USD and the highest point at 2.25 USD. The deviation from the price is +69.52% for the low point and -20.89% for the high point.1.05
2.25
1.78
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on JIUZI HOLDINGS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this JIUZI HOLDINGS INC. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.78 | 54.84 | 308.88 | 472.68 |
| Change (%) | -42.13% | - | +2,980.90% | +17,252.81% | +26,455.06% |
| Change | -0.75 | - | +53.06 | +307.10 | +470.90 |
| Level | Intermediate | - | Intermediate | Minor | 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 | 0.74 | 1.13 | 1.46 | 1.85 | 2.18 | 2.57 | 2.90 |
| Camarilla | 1.58 | 1.65 | 1.71 | 1.78 | 1.85 | 1.91 | 1.98 |
| Woodie | 0.70 | 1.12 | 1.42 | 1.84 | 2.14 | 2.56 | 2.86 |
| Fibonacci | 1.13 | 1.41 | 1.58 | 1.85 | 2.13 | 2.30 | 2.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.92 | 1.05 | 1.31 | 1.44 | 1.70 | 1.83 |
| Camarilla | 1.07 | 1.11 | 1.14 | 1.18 | 1.22 | 1.25 | 1.29 |
| Woodie | 0.60 | 0.89 | 0.99 | 1.28 | 1.38 | 1.67 | 1.77 |
| Fibonacci | 0.92 | 1.07 | 1.16 | 1.31 | 1.46 | 1.55 | 1.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 0.99 | 1.13 | 1.40 | 1.54 | 1.81 | 1.95 |
| Camarilla | 1.16 | 1.20 | 1.23 | 1.27 | 1.31 | 1.35 | 1.38 |
| Woodie | 0.66 | 0.96 | 1.07 | 1.37 | 1.48 | 1.78 | 1.89 |
| Fibonacci | 0.99 | 1.15 | 1.24 | 1.40 | 1.56 | 1.65 | 1.81 |
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): | 44.58 | |
| MACD (12,26,9): | -1.3100 | |
| Directional Movement: | 21.38 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 0.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.85 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 3.68 | |
| Zig ZAG (10): | 2.08 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 44.19 | |
| TEMA (21): | 1.25 | |
| Williams %R (14): | -5.36 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 34.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -5.2800 | |
| Courbe Coppock: | 10.93 |
| MA7: | 1.45 | |
| MA20: | 1.37 | |
| MA50: | 1.43 | |
| MA100: | 1.62 | |
| MAexp7: | 1.52 | |
| MAexp20: | 2.21 | |
| MAexp50: | 10.23 | |
| MAexp100: | 81.17 | |
| Price / MA7: | +22.76% | |
| Price / MA20: | +29.93% | |
| Price / MA50: | +24.48% | |
| Price / MA100: | +9.88% | |
| Price / MAexp7: | +17.11% | |
| Price / MAexp20: | -19.46% | |
| Price / MAexp50: | -82.60% | |
| Price / MAexp100: | -97.81% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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