TRANSCODE THERAPEUTICS INC. - Daily - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.03 USD
My targets
1.59 USD (+19.55%)
12.41 USD (+833.11%)
My analysis
The strong short-term increase of TRANSCODE THERAPEUTICS INC. should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.03 USD, a purchase could be considered. The first bullish objective is located at 1.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 12.41 USD. If there is any crossing, the next objective would be the resistance at 69.60 USD. Caution, if there is a return under 1.03 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
3.9
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Additional analysis
Quotes
The TRANSCODE THERAPEUTICS INC. rating is 1.33 USD. On the day, this instrument gained +30.39% and was between 0.98 USD and 1.39 USD. This implies that the price is at +35.71% from its lowest and at -4.32% from its highest.0.98
1.39
1.33
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 TRANSCODE THERAPEUTICS INC.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of TRANSCODE THERAPEUTICS INC. indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.60 | 1.33 | 12.41 | 69.60 | 102.00 |
| Change (%) | -54.53% | - | +833.11% | +5,133.08% | +7,569.17% |
| Change | -0.73 | - | +11.08 | +68.27 | +100.67 |
| Level | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.82 | 1.08 | 1.23 | 1.49 | 1.64 | 1.90 |
| Camarilla | 1.22 | 1.26 | 1.29 | 1.33 | 1.37 | 1.41 | 1.44 |
| Woodie | 0.72 | 0.85 | 1.13 | 1.26 | 1.54 | 1.67 | 1.95 |
| Fibonacci | 0.82 | 0.98 | 1.08 | 1.23 | 1.39 | 1.49 | 1.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.03 | 0.28 | 0.55 | 0.80 | 1.07 | 1.32 | 1.59 |
| Camarilla | 0.68 | 0.73 | 0.77 | 0.82 | 0.87 | 0.92 | 0.96 |
| Woodie | 0.04 | 0.29 | 0.56 | 0.81 | 1.08 | 1.33 | 1.60 |
| Fibonacci | 0.28 | 0.48 | 0.60 | 0.80 | 1.00 | 1.12 | 1.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.16 | 0.29 | 0.45 | 0.58 | 0.74 | 0.87 | 1.03 |
| Camarilla | 0.53 | 0.56 | 0.58 | 0.61 | 0.64 | 0.66 | 0.69 |
| Woodie | 0.18 | 0.30 | 0.47 | 0.59 | 0.76 | 0.88 | 1.05 |
| Fibonacci | 0.29 | 0.40 | 0.47 | 0.58 | 0.69 | 0.76 | 0.87 |
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): | 75.75 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 39.17 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 0.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.67 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 0.66 | |
| Zig ZAG (10): | 1.20 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.50 | |
| TEMA (21): | 1.01 | |
| Williams %R (14): | -13.24 | |
| Chande Momentum Oscillator (20): | 0.67 | |
| Repulse (5,40,3): | 22.7100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5100 | |
| Courbe Coppock: | 166.70 |
| MA7: | 0.90 | |
| MA20: | 0.65 | |
| MA50: | 0.67 | |
| MA100: | 1.79 | |
| MAexp7: | 0.94 | |
| MAexp20: | 0.76 | |
| MAexp50: | 1.11 | |
| MAexp100: | 6.92 | |
| Price / MA7: | +47.78% | |
| Price / MA20: | +104.62% | |
| Price / MA50: | +98.51% | |
| Price / MA100: | -25.70% | |
| Price / MAexp7: | +41.49% | |
| Price / MAexp20: | +75.00% | |
| Price / MAexp50: | +19.82% | |
| Price / MAexp100: | -80.78% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on TRANSCODE THERAPEUTICS INC.. At the time of publication of this analysis, the latest news was as follows:
- TransCode Therapeutics Announces FDA Clearance To Initiate Phase 1/2 Clinical Trial with TTX-MC138 in Patients with Advanced Solid Tumors
- TransCode Therapeutics Reports 2023 Results; Provides Business Update
- TransCode Therapeutics Announces Appointment of Daniel Vlock, M.D., as Chief Medical Officer
- TransCode Therapeutics and Akribion Genomics Report Progress Developing CRISPR-Derived Technology for Cancer Treatment
- TransCode Therapeutics To Present At 2024 RNA Leaders Europe Congress
This member declared not having a position on this financial instrument or a related financial instrument.
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