ENZYME - MLN/USD - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 15.10 USD
My targets
15.50 USD (+0.78%)
16.37 USD (+6.44%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ENZYME - MLN/USD as long as the price remains well above 15.10 USD. The buyers' bullish objective is set at 15.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.37 USD. If there is any crossing, the next objective would be the resistance located at 18.76 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.4
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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 rating is 15.38 USD. The price is lower by -0.13% since the last closing with the lowest point at 15.35 USD and the highest point at 15.45 USD. The deviation from the price is +0.20% for the low point and -0.45% for the high point.15.35
15.45
15.38
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ENZYME - MLN/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.97 | 15.10 | 15.29 | 15.38 | 15.50 | 16.37 | 18.76 |
| Change (%) | -2.67% | -1.82% | -0.59% | - | +0.78% | +6.44% | +21.98% |
| Change | -0.41 | -0.28 | -0.09 | - | +0.12 | +0.99 | +3.38 |
| Level | Major | Minor | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.61 | 14.85 | 15.13 | 15.37 | 15.65 | 15.89 | 16.17 |
| Camarilla | 15.26 | 15.31 | 15.35 | 15.40 | 15.45 | 15.50 | 15.54 |
| Woodie | 14.62 | 14.86 | 15.14 | 15.38 | 15.66 | 15.90 | 16.18 |
| Fibonacci | 14.85 | 15.05 | 15.18 | 15.37 | 15.57 | 15.70 | 15.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.85 | 13.80 | 14.48 | 15.43 | 16.11 | 17.06 | 17.74 |
| Camarilla | 14.72 | 14.87 | 15.02 | 15.17 | 15.32 | 15.47 | 15.62 |
| Woodie | 12.73 | 13.73 | 14.36 | 15.36 | 15.99 | 16.99 | 17.62 |
| Fibonacci | 13.80 | 14.42 | 14.80 | 15.43 | 16.05 | 16.43 | 17.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.64 | 8.80 | 12.00 | 16.16 | 19.36 | 23.52 | 26.72 |
| Camarilla | 13.18 | 13.85 | 14.53 | 15.20 | 15.88 | 16.55 | 17.22 |
| Woodie | 4.16 | 8.56 | 11.52 | 15.92 | 18.88 | 23.28 | 26.24 |
| Fibonacci | 8.80 | 11.61 | 13.35 | 16.16 | 18.97 | 20.71 | 23.52 |
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): | 51.47 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.39 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 15.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.46 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 15.55 | |
| Zig ZAG (10): | 15.37 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 54.27 | |
| TEMA (21): | 15.37 | |
| Williams %R (14): | -54.75 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.01 |
| MA7: | 15.26 | |
| MA20: | 14.97 | |
| MA50: | 14.76 | |
| MA100: | 15.83 | |
| MAexp7: | 15.37 | |
| MAexp20: | 15.35 | |
| MAexp50: | 15.33 | |
| MAexp100: | 15.30 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +2.74% | |
| Price / MA50: | +4.20% | |
| Price / MA100: | -2.84% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.52% |
Quotes :
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Real time data
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