INJECTIVE - INJ/USD - Daily - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.19 USD
My targets
2.71 USD (+3.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INJECTIVE - INJ/USD as long as the price remains well above 2.19 USD. The buyers' bullish objective is set at 2.71 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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Additional analysis
Quotes
The INJECTIVE - INJ/USD price is 2.62 USD. The price has increased by +3.56% since the last closing with the lowest point at 2.48 USD and the highest point at 2.66 USD. The deviation from the price is +5.65% for the low point and -1.50% for the high point.2.48
2.66
2.62
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of INJECTIVE - INJ/USD in Daily shows a strongly overall bullish trend. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 1.65 | 1.88 | 2.08 | 2.62 | 2.71 |
Change (%) | -37.02% | -28.24% | -20.61% | - | +3.44% |
Change | -0.97 | -0.74 | -0.54 | - | +0.09 |
Level | Intermediate | Intermediate | Intermediate | - | Major |
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 | 2.35 | 2.41 | 2.47 | 2.53 | 2.59 | 2.65 | 2.71 |
Camarilla | 2.50 | 2.51 | 2.52 | 2.53 | 2.54 | 2.55 | 2.56 |
Woodie | 2.35 | 2.41 | 2.47 | 2.53 | 2.59 | 2.65 | 2.71 |
Fibonacci | 2.41 | 2.46 | 2.48 | 2.53 | 2.58 | 2.60 | 2.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.80 | 1.27 | 1.88 | 2.35 | 2.96 | 3.43 | 4.04 |
Camarilla | 2.20 | 2.30 | 2.40 | 2.50 | 2.60 | 2.70 | 2.80 |
Woodie | 0.88 | 1.31 | 1.96 | 2.39 | 3.04 | 3.47 | 4.12 |
Fibonacci | 1.27 | 1.68 | 1.93 | 2.35 | 2.76 | 3.01 | 3.43 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.51 | 0.87 | 1.07 | 1.43 | 1.63 | 1.99 | 2.19 |
Camarilla | 1.12 | 1.17 | 1.22 | 1.27 | 1.32 | 1.37 | 1.42 |
Woodie | 0.43 | 0.83 | 0.99 | 1.39 | 1.55 | 1.95 | 2.11 |
Fibonacci | 0.87 | 1.08 | 1.22 | 1.43 | 1.64 | 1.78 | 1.99 |
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): | 78.89 | |
MACD (12,26,9): | 0.2900 | |
Directional Movement: | 28.30 | |
AROON (14): | 57.14 | |
DEMA (21): | 2.37 | |
Parabolic SAR (0,02-0,02-0,2): | 1.99 | |
Elder Ray (13): | 0.35 | |
Super Trend (3,10): | 1.93 | |
Zig ZAG (10): | 2.61 | |
VORTEX (21): | 1.2500 | |
Stochastique (14,3,5): | 80.89 | |
TEMA (21): | 2.59 | |
Williams %R (14): | -13.04 | |
Chande Momentum Oscillator (20): | 1.11 | |
Repulse (5,40,3): | 7.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.9000 | |
Courbe Coppock: | 108.72 |
MA7: | 2.42 | |
MA20: | 1.91 | |
MA50: | 1.59 | |
MA100: | 1.73 | |
MAexp7: | 2.42 | |
MAexp20: | 2.03 | |
MAexp50: | 1.77 | |
MAexp100: | 1.71 | |
Price / MA7: | +8.26% | |
Price / MA20: | +37.17% | |
Price / MA50: | +64.78% | |
Price / MA100: | +51.45% | |
Price / MAexp7: | +8.26% | |
Price / MAexp20: | +29.06% | |
Price / MAexp50: | +48.02% | |
Price / MAexp100: | +53.22% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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