COVALENT - CQT/USD - 1H - Technical analysis published on 05/19/2024 (GMT)
- 142
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.194313 USD
My targets
0.191509 USD (-1.28%)
0.168899 USD (-12.94%)
My analysis
COVALENT - CQT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.194313 USD. The next support located at 0.191509 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.168899 USD. Below this support, sellers could then target 0.163094 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COVALENT - CQT/USD price is 0.193994 USD. On the day, this instrument lost -0.10% with the lowest point at 0.193632 USD and the highest point at 0.197027 USD. The deviation from the price is +0.19% for the low point and -1.54% for the high point.0.193632
0.197027
0.193994
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COVALENT - CQT/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COVALENT - CQT/USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.163094 | 0.168899 | 0.191509 | 0.193994 | 0.204254 | 0.233046 | 0.304567 |
| Change (%) | -15.93% | -12.94% | -1.28% | - | +5.29% | +20.13% | +57.00% |
| Change | -0.030900 | -0.025095 | -0.002485 | - | +0.010260 | +0.039052 | +0.110573 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
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 | 0.154675 | 0.174354 | 0.184273 | 0.203952 | 0.213871 | 0.233550 | 0.243469 |
| Camarilla | 0.186053 | 0.188766 | 0.191479 | 0.194192 | 0.196905 | 0.199618 | 0.202332 |
| Woodie | 0.149795 | 0.171914 | 0.179393 | 0.201512 | 0.208991 | 0.231110 | 0.238589 |
| Fibonacci | 0.174354 | 0.185660 | 0.192646 | 0.203952 | 0.215258 | 0.222244 | 0.233550 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078237 | 0.116969 | 0.155581 | 0.194313 | 0.232925 | 0.271657 | 0.310269 |
| Camarilla | 0.172922 | 0.180012 | 0.187102 | 0.194192 | 0.201282 | 0.208372 | 0.215462 |
| Woodie | 0.078176 | 0.116939 | 0.155520 | 0.194283 | 0.232864 | 0.271627 | 0.310208 |
| Fibonacci | 0.116969 | 0.146515 | 0.164768 | 0.194313 | 0.223859 | 0.242112 | 0.271657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.044074 | 0.058876 | 0.124884 | 0.227834 | 0.293842 | 0.396792 | 0.462800 |
| Camarilla | 0.144428 | 0.159915 | 0.175403 | 0.190891 | 0.206379 | 0.221867 | 0.237355 |
| Woodie | -0.062546 | 0.049641 | 0.106412 | 0.218599 | 0.275370 | 0.387557 | 0.444328 |
| Fibonacci | 0.058876 | 0.123418 | 0.163292 | 0.227834 | 0.292376 | 0.332250 | 0.396792 |
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): | 32.06 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -22.560980 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.193667 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.194075 | |
| Elder Ray (13): | -0.001945 | |
| Super Trend (3,10): | 0.200348 | |
| Zig ZAG (10): | 0.194341 | |
| VORTEX (21): | 0.7705 | |
| Stochastique (14,3,5): | 8.61 | |
| TEMA (21): | 0.191073 | |
| Williams %R (14): | -93.85 | |
| Chande Momentum Oscillator (20): | -0.005276 | |
| Repulse (5,40,3): | -0.8451 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 6.63 |
| MA7: | 0.186914 | |
| MA20: | 0.190737 | |
| MA50: | 0.216227 | |
| MA100: | 0.269599 | |
| MAexp7: | 0.195016 | |
| MAexp20: | 0.199218 | |
| MAexp50: | 0.201376 | |
| MAexp100: | 0.196592 | |
| Price / MA7: | +3.79% | |
| Price / MA20: | +1.71% | |
| Price / MA50: | -10.28% | |
| Price / MA100: | -28.04% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -2.62% | |
| Price / MAexp50: | -3.67% | |
| Price / MAexp100: | -1.32% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis COVALENT - CQT/USD - 1H