MARKFORGED HOLDING - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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:
Neutral
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.6741 USD
My targets
0.5899 USD (-5.33%)
0.5794 USD (-7.01%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MARKFORGED HOLDING. As long as you are under the resistance located at 0.6741 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.5899 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.5794 USD as an objective. Crossing it would then enable sellers to target 0.5400 USD. If the resistance 0.6741 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.1
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MARKFORGED HOLDING rating 0.6231 USD. The price registered an increase of +6.19% on the session with the lowest point at 0.6000 USD and the highest point at 0.6266 USD. The deviation from the price is +3.85% for the low point and -0.56% for the high point.0.6000
0.6266
0.6231
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of MARKFORGED HOLDING indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.5400 | 0.5899 | 0.6209 | 0.6231 | 0.7500 | 0.8489 | 0.8798 |
| Change (%) | -13.34% | -5.33% | -0.35% | - | +20.37% | +36.24% | +41.20% |
| Change | -0.0831 | -0.0332 | -0.0022 | - | +0.1269 | +0.2258 | +0.2567 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.5292 | 0.5580 | 0.5724 | 0.6012 | 0.6156 | 0.6444 | 0.6588 |
| Camarilla | 0.5749 | 0.5789 | 0.5828 | 0.5868 | 0.5908 | 0.5947 | 0.5987 |
| Woodie | 0.5220 | 0.5544 | 0.5652 | 0.5976 | 0.6084 | 0.6408 | 0.6516 |
| Fibonacci | 0.5580 | 0.5745 | 0.5847 | 0.6012 | 0.6177 | 0.6279 | 0.6444 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4847 | 0.5324 | 0.5794 | 0.6271 | 0.6741 | 0.7218 | 0.7688 |
| Camarilla | 0.6005 | 0.6091 | 0.6178 | 0.6265 | 0.6352 | 0.6439 | 0.6525 |
| Woodie | 0.4845 | 0.5322 | 0.5792 | 0.6269 | 0.6739 | 0.7216 | 0.7686 |
| Fibonacci | 0.5324 | 0.5685 | 0.5909 | 0.6271 | 0.6632 | 0.6856 | 0.7218 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0673 | 0.2836 | 0.4473 | 0.6636 | 0.8273 | 1.0436 | 1.2073 |
| Camarilla | 0.5064 | 0.5412 | 0.5761 | 0.6109 | 0.6457 | 0.6806 | 0.7154 |
| Woodie | 0.0409 | 0.2705 | 0.4209 | 0.6505 | 0.8009 | 1.0305 | 1.1809 |
| Fibonacci | 0.2836 | 0.4288 | 0.5185 | 0.6636 | 0.8088 | 0.8985 | 1.0436 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.07 | |
| MACD (12,26,9): | -0.0076 | |
| Directional Movement: | -17.1927 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.6094 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.6484 | |
| Elder Ray (13): | -0.0196 | |
| Super Trend (3,10): | 0.6447 | |
| Zig ZAG (10): | 0.5868 | |
| VORTEX (21): | 0.9247 | |
| Stochastique (14,3,5): | 9.91 | |
| TEMA (21): | 0.6042 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0621 | |
| Repulse (5,40,3): | -3.8454 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0468 | |
| Courbe Coppock: | 8.17 |
| MA7: | 0.6049 | |
| MA20: | 0.6330 | |
| MA50: | 0.6966 | |
| MA100: | 0.7044 | |
| MAexp7: | 0.6047 | |
| MAexp20: | 0.6174 | |
| MAexp50: | 0.6258 | |
| MAexp100: | 0.6389 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | -1.56% | |
| Price / MA50: | -10.55% | |
| Price / MA100: | -11.54% | |
| Price / MAexp7: | +3.04% | |
| Price / MAexp20: | +0.92% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -2.47% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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