ENZYME - MLN/USD - 1H - Technical analysis published on 07/19/2022 (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:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 25.87 USD
My targets
27.16 USD (+2.76%)
29.66 USD (+12.21%)
My analysis
The basic bullish trend is very strong on ENZYME - MLN/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 25.87 USD. Crossing the first resistance at 27.16 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 29.66 USD as an objective. Crossing it would then enable buyers to target 52.89 USD. Caution, a return to below 25.87 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.1
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Additional analysis
Quotes
The ENZYME - MLN/USD rating is 26.43 USD. The price is lower by -0.08% since the last closing with the lowest point at 25.67 USD and the highest point at 26.83 USD. The deviation from the price is +2.96% for the low point and -1.49% for the high point.25.67
26.83
26.43
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 : 50 days
Technical
A technical analysis in 1H of this ENZYME - MLN/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.11 | 24.95 | 25.87 | 26.43 | 27.16 | 52.89 | 63.78 |
| Change (%) | -8.78% | -5.60% | -2.12% | - | +2.76% | +100.11% | +141.32% |
| Change | -2.32 | -1.48 | -0.56 | - | +0.73 | +26.46 | +37.35 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.48 | 24.26 | 25.35 | 26.13 | 27.22 | 28.00 | 29.09 |
| Camarilla | 25.94 | 26.11 | 26.28 | 26.45 | 26.62 | 26.79 | 26.96 |
| Woodie | 23.65 | 24.34 | 25.52 | 26.21 | 27.39 | 28.08 | 29.26 |
| Fibonacci | 24.26 | 24.97 | 25.41 | 26.13 | 26.84 | 27.28 | 28.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.96 | 20.20 | 22.69 | 24.93 | 27.42 | 29.66 | 32.15 |
| Camarilla | 23.89 | 24.32 | 24.76 | 25.19 | 25.62 | 26.06 | 26.49 |
| Woodie | 18.10 | 20.26 | 22.83 | 24.99 | 27.56 | 29.72 | 32.29 |
| Fibonacci | 20.20 | 22.00 | 23.12 | 24.93 | 26.73 | 27.85 | 29.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -7.09 | 5.14 | 14.52 | 26.75 | 36.13 | 48.36 | 57.74 |
| Camarilla | 17.96 | 19.94 | 21.92 | 23.90 | 25.88 | 27.86 | 29.84 |
| Woodie | -8.52 | 4.43 | 13.10 | 26.04 | 34.71 | 47.65 | 56.32 |
| Fibonacci | 5.14 | 13.40 | 18.50 | 26.75 | 35.01 | 40.11 | 48.36 |
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): | 55.21 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 10.21 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 26.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.68 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 25.42 | |
| Zig ZAG (10): | 26.34 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 45.40 | |
| TEMA (21): | 26.12 | |
| Williams %R (14): | -43.10 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.28 |
| MA7: | 25.20 | |
| MA20: | 24.74 | |
| MA50: | 24.61 | |
| MA100: | 33.44 | |
| MAexp7: | 26.13 | |
| MAexp20: | 26.05 | |
| MAexp50: | 25.84 | |
| MAexp100: | 25.49 | |
| Price / MA7: | +4.88% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +7.40% | |
| Price / MA100: | -20.96% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +2.28% | |
| Price / MAexp100: | +3.69% |
Quotes :
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Real time data
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