RALLY - RLY/USD - 1H - Technical analysis published on 03/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.019910 USD
My targets
0.017590 USD (-7.91%)
0.015700 USD (-17.80%)
My analysis
In a bearish trend, the price of RALLY - RLY/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.019910 USD. A bearish break in the support located at 0.017590 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.015700 USD. Then 0.010455 USD by extension. It would be safer to wait for a bearish break in the support located at 0.017590 USD before allowing yourself to re trade short positions (for sale) on RALLY - RLY/USD. PS: if there is a bullish break in the resistance located at 0.019910 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The RALLY - RLY/USD price is 0.019100 USD. The price has increased by +8.46% since the last closing and was traded between 0.017600 USD and 0.019100 USD over the period. The price is currently at +8.52% from its lowest and 0% from its highest.0.017600
0.019100
0.019100
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of RALLY - RLY/USD in 1H shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.010455 | 0.015700 | 0.019020 | 0.019100 | 0.021706 | 0.023800 | 0.025800 |
| Change (%) | -45.26% | -17.80% | -0.42% | - | +13.64% | +24.61% | +35.08% |
| Change | -0.008645 | -0.003400 | -0.000080 | - | +0.002606 | +0.004700 | +0.006700 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 0.014940 | 0.016270 | 0.016940 | 0.018270 | 0.018940 | 0.020270 | 0.020940 |
| Camarilla | 0.017060 | 0.017243 | 0.017427 | 0.017610 | 0.017793 | 0.017977 | 0.018160 |
| Woodie | 0.014610 | 0.016105 | 0.016610 | 0.018105 | 0.018610 | 0.020105 | 0.020610 |
| Fibonacci | 0.016270 | 0.017034 | 0.017506 | 0.018270 | 0.019034 | 0.019506 | 0.020270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.011513 | 0.001393 | 0.012847 | 0.025753 | 0.037207 | 0.050113 | 0.061567 |
| Camarilla | 0.017601 | 0.019834 | 0.022067 | 0.024300 | 0.026533 | 0.028766 | 0.030999 |
| Woodie | -0.012240 | 0.001030 | 0.012120 | 0.025390 | 0.036480 | 0.049750 | 0.060840 |
| Fibonacci | 0.001393 | 0.010699 | 0.016448 | 0.025753 | 0.035059 | 0.040808 | 0.050113 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004700 | 0.007450 | 0.009770 | 0.012520 | 0.014840 | 0.017590 | 0.019910 |
| Camarilla | 0.010696 | 0.011161 | 0.011625 | 0.012090 | 0.012555 | 0.013020 | 0.013484 |
| Woodie | 0.004485 | 0.007343 | 0.009555 | 0.012413 | 0.014625 | 0.017483 | 0.019695 |
| Fibonacci | 0.007450 | 0.009387 | 0.010583 | 0.012520 | 0.014457 | 0.015653 | 0.017590 |
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): | 34.06 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -0.171305 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.017698 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018146 | |
| Elder Ray (13): | -0.000397 | |
| Super Trend (3,10): | 0.018711 | |
| Zig ZAG (10): | 0.017600 | |
| VORTEX (21): | 0.7917 | |
| Stochastique (14,3,5): | 3.87 | |
| TEMA (21): | 0.017670 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.001300 | |
| Repulse (5,40,3): | -1.5556 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2916 | |
| Courbe Coppock: | 9.40 |
| MA7: | 0.020716 | |
| MA20: | 0.015965 | |
| MA50: | 0.013757 | |
| MA100: | 0.011395 | |
| MAexp7: | 0.017898 | |
| MAexp20: | 0.018238 | |
| MAexp50: | 0.019064 | |
| MAexp100: | 0.019865 | |
| Price / MA7: | -7.80% | |
| Price / MA20: | +19.64% | |
| Price / MA50: | +38.84% | |
| Price / MA100: | +67.62% | |
| Price / MAexp7: | +6.72% | |
| Price / MAexp20: | +4.73% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | -3.85% |
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
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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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