TRANSCODE THERAPEUTICS INC. - 1H - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.32 USD
My targets
1.59 USD (+2.58%)
12.41 USD (+700.67%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TRANSCODE THERAPEUTICS INC. as long as the price remains well above 1.32 USD. The buyers' bullish objective is set at 1.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.41 USD. If there is any crossing, the next objective would be the resistance located at 69.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.6
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRANSCODE THERAPEUTICS INC. rating 1.55 USD. The price has increased by +16.54% since the last closing and was traded between 1.35 USD and 1.58 USD over the period. The price is currently at +14.81% from its lowest and -1.90% from its highest.1.35
1.58
1.55
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of TRANSCODE THERAPEUTICS INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.60 | 1.05 | 1.20 | 1.55 | 12.41 | 69.60 | 102.00 |
| Change (%) | -60.99% | -32.26% | -22.58% | - | +700.67% | +4,390.32% | +6,480.65% |
| Change | -0.95 | -0.50 | -0.35 | - | +10.86 | +68.05 | +100.45 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
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 | 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): | 74.50 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 26.91 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.04 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 1.04 | |
| Zig ZAG (10): | 1.33 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 88.69 | |
| TEMA (21): | 1.27 | |
| Williams %R (14): | -12.77 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 10.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.4400 | |
| Courbe Coppock: | 34.06 |
| MA7: | 0.93 | |
| MA20: | 0.66 | |
| MA50: | 0.67 | |
| MA100: | 1.80 | |
| MAexp7: | 1.23 | |
| MAexp20: | 1.10 | |
| MAexp50: | 0.93 | |
| MAexp100: | 0.79 | |
| Price / MA7: | +66.67% | |
| Price / MA20: | +134.85% | |
| Price / MA50: | +131.34% | |
| Price / MA100: | -13.89% | |
| Price / MAexp7: | +26.02% | |
| Price / MAexp20: | +40.91% | |
| Price / MAexp50: | +66.67% | |
| Price / MAexp100: | +96.20% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on TRANSCODE THERAPEUTICS INC. at the time of the generation of this analysis 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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