DLOCAL LTD. - Daily - Technical analysis published on 08/15/2024 (GMT)
- 82
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 7.80 USD and 8.95 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 8.95 USD. The first support is located at 7.80 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by DLOCAL LTD..
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by AWdeLeng. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DLOCAL LTD. rating 8.34 USD. On the day, this instrument gained +7.47% and was between 8.04 USD and 8.47 USD. This implies that the price is at +3.73% from its lowest and at -1.53% from its highest.8.04
8.47
8.34
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
Here is a more detailed summary of the historical variations registered by DLOCAL LTD.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DLOCAL LTD. in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.48 | 8.34 | 8.41 | 14.64 | 16.90 |
| Change (%) | -10.31% | - | +0.84% | +75.54% | +102.64% |
| Change | -0.86 | - | +0.07 | +6.30 | +8.56 |
| Level | Major | - | Major | Minor | 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 | 7.39 | 7.55 | 7.65 | 7.81 | 7.91 | 8.07 | 8.17 |
| Camarilla | 7.69 | 7.71 | 7.74 | 7.76 | 7.78 | 7.81 | 7.83 |
| Woodie | 7.37 | 7.54 | 7.63 | 7.80 | 7.89 | 8.06 | 8.15 |
| Fibonacci | 7.55 | 7.65 | 7.71 | 7.81 | 7.91 | 7.97 | 8.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.36 | 5.96 | 6.78 | 7.38 | 8.20 | 8.80 | 9.62 |
| Camarilla | 7.20 | 7.33 | 7.46 | 7.59 | 7.72 | 7.85 | 7.98 |
| Woodie | 5.46 | 6.02 | 6.88 | 7.44 | 8.30 | 8.86 | 9.72 |
| Fibonacci | 5.96 | 6.51 | 6.84 | 7.38 | 7.93 | 8.26 | 8.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.01 | 6.65 | 7.16 | 7.80 | 8.31 | 8.95 | 9.46 |
| Camarilla | 7.36 | 7.47 | 7.58 | 7.68 | 7.79 | 7.89 | 8.00 |
| Woodie | 5.96 | 6.62 | 7.11 | 7.77 | 8.26 | 8.92 | 9.41 |
| Fibonacci | 6.65 | 7.09 | 7.36 | 7.80 | 8.24 | 8.51 | 8.95 |
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): | 60.60 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 13.71 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 7.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.85 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 7.17 | |
| Zig ZAG (10): | 8.35 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 90.12 | |
| TEMA (21): | 7.85 | |
| Williams %R (14): | -5.26 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | 3.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 0.80 |
| MA7: | 7.76 | |
| MA20: | 7.62 | |
| MA50: | 7.80 | |
| MA100: | 10.57 | |
| MAexp7: | 7.82 | |
| MAexp20: | 7.72 | |
| MAexp50: | 8.41 | |
| MAexp100: | 10.19 | |
| Price / MA7: | +7.47% | |
| Price / MA20: | +9.45% | |
| Price / MA50: | +6.92% | |
| Price / MA100: | -21.10% | |
| Price / MAexp7: | +6.65% | |
| Price / MAexp20: | +8.03% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -18.16% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The last news published on DLOCAL LTD. at the time of the generation of this analysis was as follows:
- dLocal Reports 2024 Second Quarter Financial Results
- dLocal to Report Second Quarter 2024 Financial Results
- dLocal Reports 2024 First Quarter Financial Results
- dLocal to Report First Quarter 2024 Financial Results
- dLocal and Ebury expand partnership to offer efficient payment solutions in Africa’s largest markets
This member declared not having a position on this financial instrument or a related financial instrument.
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