GROM SOCIAL ENTERPRISES INC. - 15 min. - Technical analysis published on 03/18/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
GROM SOCIAL ENTERPRISES INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
11%
6%
My opinion
Bullish above 1.097 USD
My targets
1.403 USD (+0.96%)
1.510 USD (+8.63%)
My analysis
The current short-term bullish acceleration on GROM SOCIAL ENTERPRISES 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 1.097 USD. Short-term buyers will use the resistance located at 1.403 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.510 USD. Crossing this resistance would then open the door for buyers to target 1.650 USD. Caution, if there is a return to under 1.097 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.
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
0
10
3.8
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This analysis was given by aba0550.
Additional analysis
Quotes
The GROM SOCIAL ENTERPRISES INC. price is 1.390 USD. On the day, this instrument gained +45.86% with the lowest point at 1.290 USD and the highest point at 1.480 USD. The deviation from the price is +7.75% for the low point and -6.08% for the high point.1.290
1.480
1.390
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GROM SOCIAL ENTERPRISES INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GROM SOCIAL ENTERPRISES INC. in 15 min. shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 90
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.820 | 1.030 | 1.390 | 1.390 | 1.510 | 1.650 |
| Change (%) | -41.01% | -25.90% | 0% | - | +8.63% | +18.71% |
| Change | -0.570 | -0.360 | 0 | - | +0.120 | +0.260 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor |
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 | 0.855 | 0.878 | 0.915 | 0.938 | 0.975 | 0.998 | 1.035 |
| Camarilla | 0.937 | 0.942 | 0.948 | 0.953 | 0.959 | 0.964 | 0.970 |
| Woodie | 0.863 | 0.882 | 0.923 | 0.942 | 0.983 | 1.002 | 1.043 |
| Fibonacci | 0.878 | 0.901 | 0.915 | 0.938 | 0.961 | 0.975 | 0.998 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203 | 0.497 | 0.803 | 1.097 | 1.403 | 1.697 | 2.003 |
| Camarilla | 0.945 | 1.000 | 1.055 | 1.110 | 1.165 | 1.220 | 1.275 |
| Woodie | 0.210 | 0.500 | 0.810 | 1.100 | 1.410 | 1.700 | 2.010 |
| Fibonacci | 0.497 | 0.726 | 0.868 | 1.097 | 1.326 | 1.468 | 1.697 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057 | 0.509 | 0.785 | 1.237 | 1.513 | 1.965 | 2.241 |
| Camarilla | 0.860 | 0.927 | 0.993 | 1.060 | 1.127 | 1.194 | 1.260 |
| Woodie | -0.032 | 0.465 | 0.696 | 1.193 | 1.424 | 1.921 | 2.152 |
| Fibonacci | 0.509 | 0.787 | 0.959 | 1.237 | 1.515 | 1.687 | 1.965 |
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): | 55.99 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 15.505 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 0.925 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.961 | |
| Elder Ray (13): | 0.022 | |
| Super Trend (3,10): | 0.888 | |
| Zig ZAG (10): | 0.939 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 79.47 | |
| TEMA (21): | 0.931 | |
| Williams %R (14): | -31.58 | |
| Chande Momentum Oscillator (20): | 0.039 | |
| Repulse (5,40,3): | 0.0540 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0170 | |
| Courbe Coppock: | 2.53 |
| MA7: | 0.988 | |
| MA20: | 1.037 | |
| MA50: | 1.413 | |
| MA100: | 2.072 | |
| MAexp7: | 0.930 | |
| MAexp20: | 0.925 | |
| MAexp50: | 0.932 | |
| MAexp100: | 0.950 | |
| Price / MA7: | +40.69% | |
| Price / MA20: | +34.04% | |
| Price / MA50: | -1.63% | |
| Price / MA100: | -32.92% | |
| Price / MAexp7: | +49.46% | |
| Price / MAexp20: | +50.27% | |
| Price / MAexp50: | +49.14% | |
| Price / MAexp100: | +46.32% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on GROM SOCIAL ENTERPRISES INC.. At the time of publication of this analysis, the latest news was as follows:
- Traders News Source Interviews Grom Social Enterprises Management
- Grom Social's Top Draw Animation Inks $950k in Animation Production Assignments
- Curiosity Ink Media Joins Forces With Dynamite Entertainment to Help Save The World in Debut of New IP Franchise The Legion of Forgettable Supervillains
- YouTube Sensation Honoka Katayama Infuses Ukulele Music, Positivity and Hawaiian Spirit into Aloha Hoku – New Animated Preschool Series from Curiosity Ink Media
- Grom Social Enterprises, Inc. Amends Private Placement to Increase Total Raise to up to $10,400,000
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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