PLX PHARMA INC.

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	PLXP
ISIN:

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

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Timeframe : Daily
- Analysis generated on
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PLX PHARMA INC. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

61%

11%

28%

My opinion

Bullish above 0.22 USD

My targets

0.65 USD (+170.83%)

1.98 USD (+725.00%)

My analysis

The current short-term bullish acceleration on PLX PHARMA INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.22 USD. Short-term buyers will use the resistance located at 0.65 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.98 USD. Crossing this resistance would then open the door for buyers to target 2.59 USD. Caution, if there is a return to under 0.22 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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

The PLX PHARMA INC. rating is 0.24 USD. The price registered an increase of +118.18% on the session and was between 0.23 USD and 0.31 USD. This implies that the price is at +4.35% from its lowest and at -22.58% from its highest.

0.23

0.31

0.24

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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

Abnormal volumes on PLX PHARMA INC. were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of PLX PHARMA INC. indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

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

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.24	0.65	1.98	2.59
Change (%)	-	+170.83%	+725.00%	+979.17%
Change	-	+0.41	+1.74	+2.35
Level	-	Minor	Major	Intermediate

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	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):	67.22
MACD (12,26,9):	-0.0100
Directional Movement:	32.21
AROON (14):	7.14
DEMA (21):	0.13
Parabolic SAR (0,02-0,02-0,2):	0.10
Elder Ray (13):	0.13
Super Trend (3,10):	0.14
Zig ZAG (10):	0.24
VORTEX (21):	0.9000
Stochastique (14,3,5):	28.38
TEMA (21):	0.14
Williams %R (14):	-36.55
Chande Momentum Oscillator (20):	0.10
Repulse (5,40,3):	-59.0400
ROCnROLL:	1
TRIX (15,9):	-1.4600
Courbe Coppock:	1.34

MA7:	0.14
MA20:	0.14
MA50:	0.19
MA100:	0.22
MAexp7:	0.15
MAexp20:	0.15
MAexp50:	0.18
MAexp100:	0.33
Price / MA7:	+71.43%
Price / MA20:	+71.43%
Price / MA50:	+26.32%
Price / MA100:	+9.09%
Price / MAexp7:	+60.00%
Price / MAexp20:	+60.00%
Price / MAexp50:	+33.33%
Price / MAexp100:	-27.27%

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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