MONDAY.COM - Daily - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 213.89 USD
My targets
235.28 USD (+5.82%)
246.44 USD (+10.84%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 213.89 USD remains possible. It is advisable to trade MONDAY.COM with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 213.89 USD. The next bullish objective for buyers is set at 235.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 246.44 USD. If there is any crossing, the next objective would be the resistance located at 326.20 USD. PS: if there is a bearish break in the support located at 213.89 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.4
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Additional analysis
Quotes
The MONDAY.COM rating is 222.34 USD. The price registered a decrease of -1.87% on the session and was traded between 220.86 USD and 226.18 USD over the period. The price is currently at +0.67% from its lowest and -1.70% from its highest.220.86
226.18
222.34
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
Here is a more detailed summary of the historical variations registered by MONDAY.COM:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MONDAY.COM indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 151.01 | 177.94 | 213.89 | 222.34 | 235.28 | 246.44 | 326.20 |
| Change (%) | -32.08% | -19.97% | -3.80% | - | +5.82% | +10.84% | +46.71% |
| Change | -71.33 | -44.40 | -8.45 | - | +12.94 | +24.10 | +103.86 |
| Level | Minor | Major | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.75 | 217.81 | 220.07 | 223.13 | 225.39 | 228.45 | 230.71 |
| Camarilla | 220.88 | 221.37 | 221.85 | 222.34 | 222.83 | 223.32 | 223.80 |
| Woodie | 214.36 | 217.61 | 219.68 | 222.93 | 225.00 | 228.25 | 230.32 |
| Fibonacci | 217.81 | 219.84 | 221.09 | 223.13 | 225.16 | 226.41 | 228.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.32 | 211.55 | 219.07 | 229.30 | 236.82 | 247.05 | 254.57 |
| Camarilla | 221.70 | 223.33 | 224.95 | 226.58 | 228.21 | 229.83 | 231.46 |
| Woodie | 199.96 | 210.87 | 217.71 | 228.62 | 235.46 | 246.37 | 253.21 |
| Fibonacci | 211.55 | 218.33 | 222.52 | 229.30 | 236.08 | 240.27 | 247.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.97 | 148.00 | 186.95 | 217.98 | 256.93 | 287.96 | 326.91 |
| Camarilla | 206.67 | 213.08 | 219.50 | 225.91 | 232.33 | 238.74 | 245.16 |
| Woodie | 120.94 | 149.98 | 190.92 | 219.96 | 260.90 | 289.94 | 330.88 |
| Fibonacci | 148.00 | 174.73 | 191.24 | 217.98 | 244.71 | 261.22 | 287.96 |
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): | 51.29 | |
| MACD (12,26,9): | 4.1000 | |
| Directional Movement: | 5.61 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 229.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 238.45 | |
| Elder Ray (13): | -1.65 | |
| Super Trend (3,10): | 245.55 | |
| Zig ZAG (10): | 222.34 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 39.58 | |
| TEMA (21): | 229.37 | |
| Williams %R (14): | -65.62 | |
| Chande Momentum Oscillator (20): | -2.06 | |
| Repulse (5,40,3): | -2.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 9.21 |
| MA7: | 226.52 | |
| MA20: | 229.59 | |
| MA50: | 207.71 | |
| MA100: | 213.62 | |
| MAexp7: | 225.67 | |
| MAexp20: | 223.20 | |
| MAexp50: | 215.91 | |
| MAexp100: | 209.04 | |
| Price / MA7: | -1.85% | |
| Price / MA20: | -3.16% | |
| Price / MA50: | +7.04% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | -1.48% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | +2.98% | |
| Price / MAexp100: | +6.36% |
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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