MICROALGO INC.
MICROALGO INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MLGO
ISIN: KYG6077Y1035

MICROALGO INC. - 15 min. - Technical analysis published on 06/04/2024 (GMT)

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  • 06/04/2024 - 12:52
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  • Timeframe : 15 min.
  • - Analysis generated on 06/04/2024 - 12:52
  • Status : INVALID

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.61 USD
My targets
1.51 USD (-3.40%)
1.45 USD (-6.86%)
My analysis
MICROALGO INC. 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 1.61 USD. The next support located at 1.51 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 1.45 USD. Below this support, sellers could then target 1.35 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7

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 mhq. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The MICROALGO INC. rating is 1.56 USD. The price registered a decrease of -7.69% on the session and was between 1.56 USD and 1.72 USD. This implies that the price is at 0% from its lowest and at -9.30% from its highest.

1.56
1.72
1.56

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0-100-75-50-250January 1st3 years1 year6 months1 month5 daysToday
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of MICROALGO INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes



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
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.56 1.81 2.36 2.55
Change (%) - +16.03% +51.28% +63.46%
Change - +0.25 +0.80 +0.99
Level - Minor Intermediate Minor



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
Standard1.351.451.511.611.671.771.83
Camarilla1.521.531.551.561.581.591.60
Woodie1.321.441.481.601.641.761.80
Fibonacci1.451.511.551.611.671.711.77


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.351.451.511.611.671.771.83
Camarilla1.521.531.551.561.581.591.60
Woodie1.321.441.481.601.641.761.80
Fibonacci1.451.511.551.611.671.711.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.190.941.312.062.433.183.55
Camarilla1.381.491.591.691.791.902.00
Woodie0.010.851.131.972.253.093.37
Fibonacci0.941.371.632.062.492.753.18

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell11
Moving averages
Created with Raphaël 2.3.0Sell26

RSI (14): 27.03
MACD (12,26,9): -0.0300
Directional Movement: -19.94
AROON (14): -92.86
DEMA (21): 1.60
Parabolic SAR (0,02-0,02-0,2): 1.65
Elder Ray (13): -0.04
Super Trend (3,10): 1.68
Zig ZAG (10): 1.56
VORTEX (21): 0.7300
Stochastique (14,3,5): 4.76
TEMA (21): 1.60
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): -6.1500
ROCnROLL: 2
TRIX (15,9): -0.2200
Courbe Coppock: 5.52
MA7: 1.79
MA20: 2.15
MA50: 2.71
MA100: 4.37
MAexp7: 1.61
MAexp20: 1.64
MAexp50: 1.69
MAexp100: 1.75
Price / MA7: -12.85%
Price / MA20: -27.44%
Price / MA50: -42.44%
Price / MA100: -64.30%
Price / MAexp7: -3.11%
Price / MAexp20: -4.88%
Price / MAexp50: -7.69%
Price / MAexp100: -10.86%

Quotes : 06/03/2024 - 19:59 - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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