WEBUY GLOBAL - Daily - Technical analysis published on 08/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
WEBUY GLOBAL Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.1566 USD
My targets
0.1224 USD (-6.80%)
0.0977 USD (-25.57%)
My analysis
WEBUY GLOBAL 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 0.1566 USD. The next support located at 0.1224 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 0.0977 USD. Below this support, sellers could then target 0.0635 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by nfkhamis.
Additional analysis
Quotes
The WEBUY GLOBAL rating is 0.1313 USD. The price has increased by +2.66% since the last closing and was between 0.1313 USD and 0.2105 USD. This implies that the price is at 0% from its lowest and at -37.62% from its highest.0.1313
0.2105
0.1313
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WEBUY GLOBAL:
New LOW record (5 years)
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
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of WEBUY GLOBAL indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.1313 | 0.4011 | 4.5050 | 5.0650 |
| Change (%) | - | +205.48% | +3,331.07% | +3,757.58% |
| Change | - | +0.2698 | +4.3737 | +4.9337 |
| Level | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0257 | 0.0785 | 0.1049 | 0.1577 | 0.1841 | 0.2369 | 0.2633 |
| Camarilla | 0.1095 | 0.1168 | 0.1240 | 0.1313 | 0.1386 | 0.1458 | 0.1531 |
| Woodie | 0.0125 | 0.0719 | 0.0917 | 0.1511 | 0.1709 | 0.2303 | 0.2501 |
| Fibonacci | 0.0785 | 0.1088 | 0.1275 | 0.1577 | 0.1880 | 0.2067 | 0.2369 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0056 | 0.0534 | 0.0924 | 0.1514 | 0.1904 | 0.2494 | 0.2884 |
| Camarilla | 0.1044 | 0.1133 | 0.1223 | 0.1313 | 0.1403 | 0.1493 | 0.1583 |
| Woodie | -0.0157 | 0.0484 | 0.0823 | 0.1464 | 0.1803 | 0.2444 | 0.2783 |
| Fibonacci | 0.0534 | 0.0909 | 0.1140 | 0.1514 | 0.1889 | 0.2120 | 0.2494 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0635 | 0.0977 | 0.1224 | 0.1566 | 0.1813 | 0.2155 | 0.2402 |
| Camarilla | 0.1308 | 0.1362 | 0.1416 | 0.1470 | 0.1524 | 0.1578 | 0.1632 |
| Woodie | 0.0587 | 0.0953 | 0.1176 | 0.1542 | 0.1765 | 0.2131 | 0.2354 |
| Fibonacci | 0.0977 | 0.1202 | 0.1341 | 0.1566 | 0.1791 | 0.1930 | 0.2155 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.18 | |
| MACD (12,26,9): | -0.0196 | |
| Directional Movement: | 17.8665 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.1211 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1125 | |
| Elder Ray (13): | 0.0293 | |
| Super Trend (3,10): | 0.1757 | |
| Zig ZAG (10): | 0.1313 | |
| VORTEX (21): | 0.8471 | |
| Stochastique (14,3,5): | 20.37 | |
| TEMA (21): | 0.1351 | |
| Williams %R (14): | -80.82 | |
| Chande Momentum Oscillator (20): | -0.0150 | |
| Repulse (5,40,3): | -29.2253 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.6018 | |
| Courbe Coppock: | 32.35 |
| MA7: | 0.1355 | |
| MA20: | 0.1504 | |
| MA50: | 0.1758 | |
| MA100: | 0.3194 | |
| MAexp7: | 0.1351 | |
| MAexp20: | 0.1503 | |
| MAexp50: | 0.2155 | |
| MAexp100: | 0.4882 | |
| Price / MA7: | -3.10% | |
| Price / MA20: | -12.70% | |
| Price / MA50: | -25.31% | |
| Price / MA100: | -58.89% | |
| Price / MAexp7: | -2.81% | |
| Price / MAexp20: | -12.64% | |
| Price / MAexp50: | -39.07% | |
| Price / MAexp100: | -73.11% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on WEBUY GLOBAL at the time of the generation of this analysis was as follows:
- Webuy Secures $2 Million Debt Financing Convertible at a Premium to the Current Market Price; Potential to Receive an Additional $4.0 Million Upon Mutual Agreement of the Parties
- Webuy Receives Extension to Regain Compliance with Nasdaq’s Minimum Bid Requirements
- Webuy Announces the Launch of its Sing Select Gift Series—a New Line of Premium Gift Sets
- Webuy Announces Entry into the Nutraceutical and Longevity Markets with the Launch of Flagship Brand NEONE: A Premium Health Supplement
- Webuy Announces Strategic Expansion into Insurance Referral Program
This member declared not having a position on this financial instrument or a related financial instrument.
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