VULCAN FORGED (PYR) - PYR/USD - Weekly - Technical analysis published on 01/12/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 6.31 USD
My targets
7.99 USD (+13.49%)
11.65 USD (+65.48%)
My analysis
VULCAN FORGED - PYR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.31 USD. The next resistance located at 7.99 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.65 USD. After this resistance, buyers could then target 15.29 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VULCAN FORGED - PYR/USD rating 7.04 USD. The price is lower by -3.53% over the 5 days with the lowest point at 6.04 USD and the highest point at 7.80 USD. The deviation from the price is +16.63% for the low point and -9.69% for the high point.6.04
7.80
7.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of VULCAN FORGED - PYR/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.72 | 4.28 | 7.04 | 7.99 | 15.29 | 18.42 |
| Change (%) | -61.36% | -39.20% | - | +13.49% | +117.19% | +161.65% |
| Change | -4.32 | -2.76 | - | +0.95 | +8.25 | +11.38 |
| Level | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 6.16 | 6.59 | 6.88 | 7.31 | 7.60 | 8.03 | 8.32 |
| Camarilla | 6.96 | 7.03 | 7.09 | 7.16 | 7.23 | 7.29 | 7.36 |
| Woodie | 6.08 | 6.56 | 6.80 | 7.28 | 7.52 | 8.00 | 8.24 |
| Fibonacci | 6.59 | 6.87 | 7.04 | 7.31 | 7.59 | 7.76 | 8.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.24 | 5.57 | 6.43 | 7.76 | 8.62 | 9.95 | 10.81 |
| Camarilla | 6.70 | 6.90 | 7.10 | 7.30 | 7.50 | 7.70 | 7.90 |
| Woodie | 4.02 | 5.45 | 6.21 | 7.64 | 8.40 | 9.83 | 10.59 |
| Fibonacci | 5.57 | 6.40 | 6.92 | 7.76 | 8.59 | 9.11 | 9.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 4.23 | 6.31 | 7.94 | 10.02 | 11.65 | 13.73 |
| Camarilla | 7.37 | 7.71 | 8.05 | 8.39 | 8.73 | 9.07 | 9.41 |
| Woodie | 2.83 | 4.34 | 6.54 | 8.05 | 10.25 | 11.76 | 13.96 |
| Fibonacci | 4.23 | 5.65 | 6.52 | 7.94 | 9.36 | 10.23 | 11.65 |
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): | 61.37 | |
| MACD (12,26,9): | 1.0300 | |
| Directional Movement: | 20.27 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 6.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.51 | |
| Elder Ray (13): | 0.63 | |
| Super Trend (3,10): | 4.11 | |
| Zig ZAG (10): | 7.10 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 69.00 | |
| TEMA (21): | 7.70 | |
| Williams %R (14): | -36.44 | |
| Chande Momentum Oscillator (20): | 3.89 | |
| Repulse (5,40,3): | -9.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.0300 | |
| Courbe Coppock: | 234.98 |
| MA7: | 7.09 | |
| MA20: | 7.68 | |
| MA50: | 7.02 | |
| MA100: | 5.71 | |
| MAexp7: | 6.90 | |
| MAexp20: | 5.70 | |
| MAexp50: | 4.99 | |
| MAexp100: | 5.88 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -8.33% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | +23.29% | |
| Price / MAexp7: | +2.03% | |
| Price / MAexp20: | +23.51% | |
| Price / MAexp50: | +41.08% | |
| Price / MAexp100: | +19.73% |
Quotes :
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Real time data
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