DESTINY TECH100 INC. - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 14.72 USD
My targets
16.11 USD (+4.00%)
16.79 USD (+8.39%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on DESTINY TECH100 INC.. This is a positive signal for buyers. As long as the price remains above 14.72 USD, a purchase could be considered. The first bullish objective is located at 16.11 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.79 USD as an objective. Crossing it would then enable buyers to target 24.00 USD. In the event of a return below 14.72 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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Additional analysis
Quotes
DESTINY TECH100 INC. rating 15.49 USD. On the day, this instrument gained +1.57% and was between 14.95 USD and 15.51 USD. This implies that the price is at +3.61% from its lowest and at -0.13% from its highest.14.95
15.51
15.49
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this DESTINY TECH100 INC. chart shows a bullish trend. 67.86% 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 detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 14.41 | 15.49 | 16.79 | 24.00 | 27.05 |
| Change (%) | -6.97% | - | +8.39% | +54.94% | +74.63% |
| Change | -1.08 | - | +1.30 | +8.51 | +11.56 |
| Level | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.56 | 14.76 | 15.12 | 15.32 | 15.68 | 15.88 | 16.24 |
| Camarilla | 15.34 | 15.39 | 15.44 | 15.49 | 15.54 | 15.59 | 15.64 |
| Woodie | 14.65 | 14.80 | 15.21 | 15.36 | 15.77 | 15.92 | 16.33 |
| Fibonacci | 14.76 | 14.97 | 15.10 | 15.32 | 15.53 | 15.66 | 15.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.27 | 12.30 | 13.69 | 14.72 | 16.11 | 17.14 | 18.53 |
| Camarilla | 14.42 | 14.64 | 14.86 | 15.08 | 15.30 | 15.52 | 15.75 |
| Woodie | 11.45 | 12.39 | 13.87 | 14.81 | 16.29 | 17.23 | 18.71 |
| Fibonacci | 12.30 | 13.22 | 13.80 | 14.72 | 15.64 | 16.22 | 17.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -100.57 | -41.96 | -12.23 | 46.38 | 76.11 | 134.72 | 164.45 |
| Camarilla | -6.80 | 1.29 | 9.39 | 17.49 | 25.59 | 33.69 | 41.78 |
| Woodie | -115.02 | -49.18 | -26.68 | 39.16 | 61.66 | 127.50 | 150.00 |
| Fibonacci | -41.96 | -8.21 | 12.64 | 46.38 | 80.13 | 100.98 | 134.72 |
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): | 59.34 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 10.39 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 15.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.25 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 14.25 | |
| Zig ZAG (10): | 15.51 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 59.01 | |
| TEMA (21): | 15.59 | |
| Williams %R (14): | -32.59 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 1.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 4.67 |
| MA7: | 14.84 | |
| MA20: | 14.75 | |
| MA50: | 0.00 | |
| MA100: | 0.00 | |
| MAexp7: | 15.38 | |
| MAexp20: | 15.20 | |
| MAexp50: | 15.10 | |
| MAexp100: | 16.17 | |
| Price / MA7: | +4.38% | |
| Price / MA20: | +5.02% | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +2.04% | |
| Price / MAexp50: | +2.72% | |
| Price / MAexp100: | -4.08% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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