PUNDI X - PUNDIX/USD - 1H - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.584800 USD
My targets
0.600100 USD (+1.66%)
0.611500 USD (+3.59%)
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 PUNDI X - PUNDIX/USD. As long as you are above the support located at 0.584800 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.600100 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.611500 USD as an objective. Crossing it would then enable buyers to target 0.619875 USD. If the support 0.584800 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PUNDI X - PUNDIX/USD rating is 0.590300 USD. The price registered a decrease of -0.03% on the session and was between 0.586300 USD and 0.592500 USD. This implies that the price is at +0.68% from its lowest and at -0.37% from its highest.0.586300
0.592500
0.590300
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of PUNDI X - PUNDIX/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.562600 | 0.570169 | 0.584800 | 0.590300 | 0.600100 | 0.611500 | 0.619875 |
| Change (%) | -4.69% | -3.41% | -0.93% | - | +1.66% | +3.59% | +5.01% |
| Change | -0.027700 | -0.020131 | -0.005500 | - | +0.009800 | +0.021200 | +0.029575 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 0.546833 | 0.563967 | 0.577233 | 0.594367 | 0.607633 | 0.624767 | 0.638033 |
| Camarilla | 0.582140 | 0.584927 | 0.587713 | 0.590500 | 0.593287 | 0.596073 | 0.598860 |
| Woodie | 0.544900 | 0.563000 | 0.575300 | 0.593400 | 0.605700 | 0.623800 | 0.636100 |
| Fibonacci | 0.563967 | 0.575580 | 0.582754 | 0.594367 | 0.605980 | 0.613154 | 0.624767 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.479800 | 0.532400 | 0.561800 | 0.614400 | 0.643800 | 0.696400 | 0.725800 |
| Camarilla | 0.568650 | 0.576167 | 0.583683 | 0.591200 | 0.598717 | 0.606233 | 0.613750 |
| Woodie | 0.468200 | 0.526600 | 0.550200 | 0.608600 | 0.632200 | 0.690600 | 0.714200 |
| Fibonacci | 0.532400 | 0.563724 | 0.583076 | 0.614400 | 0.645724 | 0.665076 | 0.696400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.088067 | 0.207267 | 0.399433 | 0.694767 | 0.886933 | 1.182267 | 1.374433 |
| Camarilla | 0.457538 | 0.502225 | 0.546913 | 0.591600 | 0.636288 | 0.680975 | 0.725663 |
| Woodie | -0.139650 | 0.181475 | 0.347850 | 0.668975 | 0.835350 | 1.156475 | 1.322850 |
| Fibonacci | 0.207267 | 0.393492 | 0.508542 | 0.694767 | 0.880992 | 0.996042 | 1.182267 |
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): | 47.13 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -6.620579 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.590294 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.583862 | |
| Elder Ray (13): | -0.000646 | |
| Super Trend (3,10): | 0.599782 | |
| Zig ZAG (10): | 0.589500 | |
| VORTEX (21): | 0.8803 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 0.587727 | |
| Williams %R (14): | -35.38 | |
| Chande Momentum Oscillator (20): | 0.002500 | |
| Repulse (5,40,3): | 0.1046 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0095 | |
| Courbe Coppock: | 1.96 |
| MA7: | 0.586257 | |
| MA20: | 0.610555 | |
| MA50: | 0.662250 | |
| MA100: | 0.607970 | |
| MAexp7: | 0.589810 | |
| MAexp20: | 0.590831 | |
| MAexp50: | 0.588942 | |
| MAexp100: | 0.588067 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | -3.32% | |
| Price / MA50: | -10.86% | |
| Price / MA100: | -2.91% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.38% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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