PLX PHARMA INC.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PLXP
ISIN:

PLX PHARMA INC. - 1H - Technical analysis published on 04/10/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
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PLX PHARMA INC. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.22 USD

My targets

0.65 USD (+170.83%)

1.98 USD (+725.00%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PLX PHARMA INC. as long as the price remains well above 0.22 USD. The buyers' bullish objective is set at 0.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.98 USD. If there is any crossing, the next objective would be the resistance located at 2.59 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.9

Comment on the analysis

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 aba0550.

Additional analysis

Quotes

PLX PHARMA INC. rating 0.24 USD. The price has increased by +118.18% since the last closing with the lowest point at 0.23 USD and the highest point at 0.31 USD. The deviation from the price is +4.35% for the low point and -22.58% for the high point.

0.23

0.31

0.24

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this PLX PHARMA INC. chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.16	0.17	0.19	0.24	0.65	1.98	2.59
Change (%)	-33.33%	-29.17%	-20.83%	-	+170.83%	+725.00%	+979.17%
Change	-0.08	-0.07	-0.05	-	+0.41	+1.74	+2.35
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Intermediate

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	0.07	0.09	0.09	0.11	0.11	0.13	0.13
Camarilla	0.10	0.10	0.10	0.10	0.10	0.10	0.11
Woodie	0.07	0.09	0.09	0.11	0.11	0.13	0.13
Fibonacci	0.09	0.09	0.10	0.11	0.11	0.12	0.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05	0.07	0.09	0.11	0.13	0.15	0.17
Camarilla	0.09	0.09	0.10	0.10	0.10	0.11	0.11
Woodie	0.04	0.07	0.08	0.11	0.12	0.15	0.16
Fibonacci	0.07	0.09	0.10	0.11	0.13	0.14	0.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.03	0.08	0.10	0.15	0.17	0.22	0.24
Camarilla	0.11	0.12	0.12	0.13	0.14	0.14	0.15
Woodie	0.03	0.07	0.10	0.14	0.17	0.21	0.24
Fibonacci	0.08	0.10	0.12	0.15	0.17	0.19	0.22

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):	84.69
MACD (12,26,9):	0.0100
Directional Movement:	62.37
AROON (14):	21.43
DEMA (21):	0.15
Parabolic SAR (0,02-0,02-0,2):	0.11
Elder Ray (13):	0.10
Super Trend (3,10):	0.19
Zig ZAG (10):	0.24
VORTEX (21):	0.9400
Stochastique (14,3,5):	47.39
TEMA (21):	0.17
Williams %R (14):	-36.43
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	-22.6300
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	64.14

MA7:	0.14
MA20:	0.14
MA50:	0.19
MA100:	0.22
MAexp7:	0.17
MAexp20:	0.13
MAexp50:	0.13
MAexp100:	0.14
Price / MA7:	+71.43%
Price / MA20:	+71.43%
Price / MA50:	+26.32%
Price / MA100:	+9.09%
Price / MAexp7:	+41.18%
Price / MAexp20:	+84.62%
Price / MAexp50:	+84.62%
Price / MAexp100:	+71.43%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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