VULCAN FORGED - PYR/USD - Daily - Technical analysis published on 12/22/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 6.11 USD
My targets
7.04 USD (+10.52%)
7.99 USD (+25.43%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.11 USD remains possible. It is advisable to trade VULCAN FORGED - PYR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.11 USD. The next bullish objective for buyers is set at 7.04 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.99 USD. If there is any crossing, the next objective would be the resistance located at 15.29 USD. PS: if there is a bearish break in the support located at 6.11 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5
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Additional analysis
Quotes
The VULCAN FORGED - PYR/USD price is 6.37 USD. On the day, this instrument gained +1.27% and was between 6.25 USD and 6.47 USD. This implies that the price is at +1.92% from its lowest and at -1.55% from its highest.6.25
6.47
6.37
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
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 VULCAN FORGED - PYR/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.53 | 4.28 | 6.11 | 6.37 | 7.04 | 7.99 | 15.29 |
| Change (%) | -44.58% | -32.81% | -4.08% | - | +10.52% | +25.43% | +140.03% |
| Change | -2.84 | -2.09 | -0.26 | - | +0.67 | +1.62 | +8.92 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.83 | 5.94 | 6.11 | 6.22 | 6.39 | 6.50 | 6.67 |
| Camarilla | 6.21 | 6.24 | 6.26 | 6.29 | 6.32 | 6.34 | 6.37 |
| Woodie | 5.87 | 5.96 | 6.15 | 6.24 | 6.43 | 6.52 | 6.71 |
| Fibonacci | 5.94 | 6.04 | 6.11 | 6.22 | 6.32 | 6.39 | 6.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.52 | 5.24 | 5.94 | 6.66 | 7.36 | 8.08 | 8.78 |
| Camarilla | 6.26 | 6.39 | 6.52 | 6.65 | 6.78 | 6.91 | 7.04 |
| Woodie | 4.52 | 5.24 | 5.94 | 6.66 | 7.36 | 8.08 | 8.78 |
| Fibonacci | 5.24 | 5.78 | 6.11 | 6.66 | 7.20 | 7.53 | 8.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.30 | 2.03 | 4.08 | 5.81 | 7.86 | 9.59 | 11.64 |
| Camarilla | 5.09 | 5.44 | 5.78 | 6.13 | 6.48 | 6.82 | 7.17 |
| Woodie | 0.46 | 2.11 | 4.24 | 5.89 | 8.02 | 9.67 | 11.80 |
| Fibonacci | 2.03 | 3.47 | 4.37 | 5.81 | 7.25 | 8.15 | 9.59 |
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): | 49.16 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.62 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.15 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 5.20 | |
| Zig ZAG (10): | 6.34 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 26.56 | |
| TEMA (21): | 6.21 | |
| Williams %R (14): | -68.80 | |
| Chande Momentum Oscillator (20): | -0.91 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 17.03 |
| MA7: | 6.31 | |
| MA20: | 6.65 | |
| MA50: | 6.29 | |
| MA100: | 4.76 | |
| MAexp7: | 6.33 | |
| MAexp20: | 6.43 | |
| MAexp50: | 6.02 | |
| MAexp100: | 5.25 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | -4.21% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +33.82% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | +5.81% | |
| Price / MAexp100: | +21.33% |
Quotes :
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Real time data
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