RAI REFLEX INDEX - RAI/USD

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Type:	Cryptocurrencies
Ticker:	RAIUSD
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RAI REFLEX INDEX - RAI/USD - Daily - Technical analysis published on 07/13/2023 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

44%

My opinion

Neutral between 2.60 USD and 2.78 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 2.60 USD. The first resistance is located at 2.78 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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.

Additional analysis

Quotes

RAI REFLEX INDEX - RAI/USD rating 2.72 USD. The price is lower by -0.37% since the last closing and was traded between 2.67 USD and 2.81 USD over the period. The price is currently at +1.87% from its lowest and -3.20% from its highest.

2.67

2.81

2.72

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this RAI REFLEX INDEX - RAI/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.60	2.67	2.72	2.74	2.78	2.82
Change (%)	-4.41%	-1.84%	-	+0.74%	+2.21%	+3.68%
Change	-0.12	-0.05	-	+0.02	+0.06	+0.10
Level	Minor	Minor	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.62	2.68	2.70	2.76	2.78	2.84	2.86
Camarilla	2.71	2.72	2.72	2.73	2.74	2.75	2.75
Woodie	2.61	2.67	2.69	2.75	2.77	2.83	2.85
Fibonacci	2.68	2.71	2.73	2.76	2.79	2.81	2.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.42	2.51	2.62	2.71	2.82	2.91	3.02
Camarilla	2.67	2.68	2.70	2.72	2.74	2.76	2.78
Woodie	2.42	2.52	2.62	2.72	2.82	2.92	3.02
Fibonacci	2.51	2.59	2.64	2.71	2.79	2.84	2.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.33	2.45	2.59	2.71	2.85	2.97	3.11
Camarilla	2.67	2.69	2.72	2.74	2.76	2.79	2.81
Woodie	2.35	2.46	2.61	2.72	2.87	2.98	3.13
Fibonacci	2.45	2.55	2.61	2.71	2.81	2.87	2.97

Numerical data

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

Technical indicators

Moving averages

RSI (14):	51.44
MACD (12,26,9):	0.0100
Directional Movement:	-6.66
AROON (14):	7.14
DEMA (21):	2.75
Parabolic SAR (0,02-0,02-0,2):	2.64
Elder Ray (13):	-0.01
Super Trend (3,10):	2.84
Zig ZAG (10):	2.75
VORTEX (21):	0.9800
Stochastique (14,3,5):	76.67
TEMA (21):	2.76
Williams %R (14):	-30.00
Chande Momentum Oscillator (20):	0.03
Repulse (5,40,3):	-0.3700
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	2.04

MA7:	2.75
MA20:	2.73
MA50:	2.73
MA100:	2.75
MAexp7:	2.75
MAexp20:	2.74
MAexp50:	2.74
MAexp100:	2.75
Price / MA7:	-1.09%
Price / MA20:	-0.37%
Price / MA50:	-0.37%
Price / MA100:	-1.09%
Price / MAexp7:	-1.09%
Price / MAexp20:	-0.73%
Price / MAexp50:	-0.73%
Price / MAexp100:	-1.09%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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