ENZYME - MLN/USD - Daily - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
78%
6%
17%
My opinion
Bearish under 26.75 USD
My targets
23.30 USD (-11.71%)
20.20 USD (-23.47%)
My analysis
In a bearish trend, the price of ENZYME - MLN/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 26.75 USD. A bearish break in the support located at 23.30 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 20.20 USD. Then 16.59 USD by extension. It would be safer to wait for a bearish break in the support located at 23.30 USD before allowing yourself to re trade short positions (for sale) on ENZYME - MLN/USD. PS: if there is a bullish break in the resistance located at 26.75 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENZYME - MLN/USD rating 26.39 USD. On the day, this instrument lost -0.23% and was between 25.67 USD and 26.83 USD. This implies that the price is at +2.80% from its lowest and at -1.64% from its highest.25.67
26.83
26.39
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ENZYME - MLN/USD in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.59 | 23.30 | 26.39 | 52.89 | 63.78 | 81.00 |
| Change (%) | -37.14% | -11.71% | - | +100.42% | +141.68% | +206.93% |
| Change | -9.80 | -3.09 | - | +26.50 | +37.39 | +54.61 |
| Level | Intermediate | Major | - | Major | Intermediate | Major |
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 | 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): | 58.06 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 19.48 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 25.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.45 | |
| Elder Ray (13): | 1.15 | |
| Super Trend (3,10): | 28.84 | |
| Zig ZAG (10): | 26.44 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 74.77 | |
| TEMA (21): | 26.00 | |
| Williams %R (14): | -16.91 | |
| Chande Momentum Oscillator (20): | 0.61 | |
| Repulse (5,40,3): | 3.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 5.30 |
| MA7: | 25.22 | |
| MA20: | 24.75 | |
| MA50: | 24.61 | |
| MA100: | 33.45 | |
| MAexp7: | 25.47 | |
| MAexp20: | 24.89 | |
| MAexp50: | 26.58 | |
| MAexp100: | 33.64 | |
| Price / MA7: | +4.64% | |
| Price / MA20: | +6.63% | |
| Price / MA50: | +7.23% | |
| Price / MA100: | -21.11% | |
| Price / MAexp7: | +3.61% | |
| Price / MAexp20: | +6.03% | |
| Price / MAexp50: | -0.71% | |
| Price / MAexp100: | -21.55% |
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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