ENZYME - MLN/USD - Daily - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 26.75 USD
My targets
23.34 USD (-5.58%)
22.35 USD (-9.59%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ENZYME - MLN/USD as long as the price remains well below 26.75 USD. The next bearish objective for sellers is set at 23.34 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.35 USD. If there is any crossing, the next objective would be the support located at 16.59 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ENZYME - MLN/USD price is 24.72 USD. On the day, this instrument lost -0.04% and was between 24.68 USD and 24.72 USD. This implies that the price is at +0.16% from its lowest and at 0% from its highest.24.68
24.72
24.72
Here is a more detailed summary of the historical variations registered by ENZYME - MLN/USD:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ENZYME - MLN/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.59 | 23.34 | 24.72 | 49.17 | 63.78 | 81.00 |
| Change (%) | -32.89% | -5.58% | - | +98.91% | +158.01% | +227.67% |
| Change | -8.13 | -1.38 | - | +24.45 | +39.06 | +56.28 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | 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 | 23.38 | 23.65 | 24.19 | 24.46 | 25.00 | 25.27 | 25.81 |
| Camarilla | 24.51 | 24.58 | 24.66 | 24.73 | 24.80 | 24.88 | 24.95 |
| Woodie | 23.52 | 23.72 | 24.33 | 24.53 | 25.14 | 25.34 | 25.95 |
| Fibonacci | 23.65 | 23.96 | 24.15 | 24.46 | 24.77 | 24.96 | 25.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.35 | 23.44 | 24.77 | 25.86 | 27.19 | 28.28 | 29.61 |
| Camarilla | 25.44 | 25.66 | 25.88 | 26.10 | 26.32 | 26.54 | 26.77 |
| Woodie | 22.47 | 23.50 | 24.89 | 25.92 | 27.31 | 28.34 | 29.73 |
| Fibonacci | 23.44 | 24.36 | 24.94 | 25.86 | 26.78 | 27.36 | 28.28 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.93 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 8.72 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 25.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.63 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 28.84 | |
| Zig ZAG (10): | 24.72 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 40.75 | |
| TEMA (21): | 25.56 | |
| Williams %R (14): | -70.77 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -1.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.10 |
| MA7: | 25.20 | |
| MA20: | 25.05 | |
| MA50: | 24.32 | |
| MA100: | 31.41 | |
| MAexp7: | 25.07 | |
| MAexp20: | 25.04 | |
| MAexp50: | 26.26 | |
| MAexp100: | 32.49 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | -21.30% | |
| Price / MAexp7: | -1.40% | |
| Price / MAexp20: | -1.28% | |
| Price / MAexp50: | -5.86% | |
| Price / MAexp100: | -23.92% |
Quotes :
-
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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