METAL DAO - MTL/USD - 1H - Technical analysis published on 11/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 1.63 USD
My targets
1.75 USD (+2.94%)
1.84 USD (+8.24%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on METAL - MTL/USD as long as the price remains well above 1.63 USD. The buyers' bullish objective is set at 1.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.84 USD. If there is any crossing, the next objective would be the resistance located at 1.93 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia.
Additional analysis
Quotes
METAL - MTL/USD rating 1.70 USD. The price has increased by +3.03% since the last closing with the lowest point at 1.64 USD and the highest point at 1.70 USD. The deviation from the price is +3.66% for the low point and 0% for the high point.1.64
1.70
1.70
Here is a more detailed summary of the historical variations registered by METAL - MTL/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this METAL - MTL/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.60 | 1.63 | 1.69 | 1.70 | 1.75 | 1.84 | 1.93 |
| Change (%) | -5.88% | -4.12% | -0.59% | - | +2.94% | +8.24% | +13.53% |
| Change | -0.10 | -0.07 | -0.01 | - | +0.05 | +0.14 | +0.23 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.53 | 1.58 | 1.61 | 1.66 | 1.69 | 1.74 | 1.77 |
| Camarilla | 1.63 | 1.64 | 1.64 | 1.65 | 1.66 | 1.67 | 1.67 |
| Woodie | 1.53 | 1.58 | 1.61 | 1.66 | 1.69 | 1.74 | 1.77 |
| Fibonacci | 1.58 | 1.61 | 1.63 | 1.66 | 1.69 | 1.71 | 1.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.32 | 1.50 | 1.79 | 1.97 | 2.26 | 2.44 |
| Camarilla | 1.55 | 1.59 | 1.64 | 1.68 | 1.72 | 1.77 | 1.81 |
| Woodie | 0.98 | 1.29 | 1.45 | 1.76 | 1.92 | 2.23 | 2.39 |
| Fibonacci | 1.32 | 1.50 | 1.61 | 1.79 | 1.97 | 2.08 | 2.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 0.99 | 1.29 | 1.44 | 1.74 | 1.89 | 2.19 |
| Camarilla | 1.47 | 1.51 | 1.55 | 1.59 | 1.63 | 1.67 | 1.71 |
| Woodie | 0.92 | 1.03 | 1.37 | 1.48 | 1.82 | 1.93 | 2.27 |
| Fibonacci | 0.99 | 1.16 | 1.27 | 1.44 | 1.61 | 1.72 | 1.89 |
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): | 47.61 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 9.95 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.70 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.68 | |
| Zig ZAG (10): | 1.65 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 2.56 | |
| TEMA (21): | 1.67 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.63 | |
| MA20: | 1.72 | |
| MA50: | 1.49 | |
| MA100: | 1.36 | |
| MAexp7: | 1.66 | |
| MAexp20: | 1.66 | |
| MAexp50: | 1.64 | |
| MAexp100: | 1.64 | |
| Price / MA7: | +4.29% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | +14.09% | |
| Price / MA100: | +25.00% | |
| Price / MAexp7: | +2.41% | |
| Price / MAexp20: | +2.41% | |
| Price / MAexp50: | +3.66% | |
| Price / MAexp100: | +3.66% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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