HOUR LOOP INC. - 15 min. - Technical analysis published on 03/09/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
44%
22%
33%
My opinion
Bullish above 2.21 USD
My targets
2.51 USD (+2.45%)
2.72 USD (+11.14%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for HOUR LOOP INC. as long as the price remains well above 2.21 USD. The buyers' bullish objective is set at 2.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.72 USD. If there is any crossing, the next objective would be the resistance located at 3.07 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2.51 USD. On this resistance, against the trend traders who would like to go short on HOUR LOOP INC. with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
The HOUR LOOP INC. price is 2.45 USD. On the day, this instrument gained +20.10% with the lowest point at 2.02 USD and the highest point at 2.55 USD. The deviation from the price is +21.29% for the low point and -3.92% for the high point.2.02
2.55
2.45
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 15 min. chart of HOUR LOOP INC. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.95 | 2.16 | 2.41 | 2.45 | 3.07 | 3.37 |
| Change (%) | -20.41% | -11.84% | -1.63% | - | +25.31% | +37.55% |
| Change | -0.50 | -0.29 | -0.04 | - | +0.62 | +0.92 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.61 | 1.78 | 1.91 | 2.08 | 2.21 | 2.38 | 2.51 |
| Camarilla | 1.96 | 1.99 | 2.01 | 2.04 | 2.07 | 2.10 | 2.12 |
| Woodie | 1.59 | 1.77 | 1.89 | 2.07 | 2.19 | 2.37 | 2.49 |
| Fibonacci | 1.78 | 1.90 | 1.97 | 2.08 | 2.20 | 2.27 | 2.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.87 | 1.51 | 2.08 | 2.72 | 3.29 | 3.93 | 4.50 |
| Camarilla | 2.31 | 2.42 | 2.53 | 2.64 | 2.75 | 2.86 | 2.97 |
| Woodie | 0.83 | 1.49 | 2.04 | 2.70 | 3.25 | 3.91 | 4.46 |
| Fibonacci | 1.51 | 1.98 | 2.26 | 2.72 | 3.19 | 3.47 | 3.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.39 | 1.14 | 1.70 | 2.45 | 3.01 | 3.76 | 4.32 |
| Camarilla | 1.91 | 2.03 | 2.15 | 2.27 | 2.39 | 2.51 | 2.63 |
| Woodie | 0.31 | 1.09 | 1.62 | 2.40 | 2.93 | 3.71 | 4.24 |
| Fibonacci | 1.14 | 1.64 | 1.95 | 2.45 | 2.95 | 3.26 | 3.76 |
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): | 52.33 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 21.39 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 2.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.98 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 1.98 | |
| Zig ZAG (10): | 2.11 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 45.55 | |
| TEMA (21): | 2.09 | |
| Williams %R (14): | -52.64 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -2.6100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 0.32 |
| MA7: | 2.46 | |
| MA20: | 2.41 | |
| MA50: | - | |
| MA100: | - | |
| MAexp7: | 2.10 | |
| MAexp20: | 2.08 | |
| MAexp50: | 2.19 | |
| MAexp100: | 2.32 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | +1.66% | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | +16.67% | |
| Price / MAexp20: | +17.79% | |
| Price / MAexp50: | +11.87% | |
| Price / MAexp100: | +5.60% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on HOUR LOOP INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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