ENZYME - MLN/USD - 1H - Technical analysis published on 12/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 15.05 USD
My targets
15.46 USD (+2.05%)
15.68 USD (+3.50%)
My analysis
ENZYME - MLN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.05 USD. The next resistance located at 15.46 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.68 USD. After this resistance, buyers could then target 16.16 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 15.15 USD. The price is lower by -0.07% since the last closing and was traded between 15.05 USD and 15.23 USD over the period. The price is currently at +0.66% from its lowest and -0.53% from its highest.15.05
15.23
15.15
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ENZYME - MLN/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 13.69 | 14.87 | 15.05 | 15.15 | 15.17 | 15.46 | 15.68 |
| Change (%) | -9.64% | -1.85% | -0.66% | - | +0.13% | +2.05% | +3.50% |
| Change | -1.46 | -0.28 | -0.10 | - | +0.02 | +0.31 | +0.53 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 14.34 | 14.63 | 14.89 | 15.18 | 15.44 | 15.73 | 15.99 |
| Camarilla | 15.01 | 15.06 | 15.11 | 15.16 | 15.21 | 15.26 | 15.31 |
| Woodie | 14.34 | 14.62 | 14.89 | 15.17 | 15.44 | 15.72 | 15.99 |
| Fibonacci | 14.63 | 14.84 | 14.97 | 15.18 | 15.39 | 15.52 | 15.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.64 | 13.46 | 14.52 | 15.34 | 16.40 | 17.22 | 18.28 |
| Camarilla | 15.06 | 15.24 | 15.41 | 15.58 | 15.75 | 15.93 | 16.10 |
| Woodie | 12.76 | 13.52 | 14.64 | 15.40 | 16.52 | 17.28 | 18.40 |
| Fibonacci | 13.46 | 14.18 | 14.62 | 15.34 | 16.06 | 16.50 | 17.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.99 | 11.63 | 13.40 | 16.04 | 17.81 | 20.45 | 22.22 |
| Camarilla | 13.95 | 14.35 | 14.76 | 15.16 | 15.56 | 15.97 | 16.37 |
| Woodie | 8.55 | 11.41 | 12.96 | 15.82 | 17.37 | 20.23 | 21.78 |
| Fibonacci | 11.63 | 13.32 | 14.36 | 16.04 | 17.73 | 18.77 | 20.45 |
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): | 54.07 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.51 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 15.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.41 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 14.99 | |
| Zig ZAG (10): | 15.18 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 40.04 | |
| TEMA (21): | 15.20 | |
| Williams %R (14): | -68.78 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.45 |
| MA7: | 15.19 | |
| MA20: | 15.51 | |
| MA50: | 15.64 | |
| MA100: | 15.20 | |
| MAexp7: | 15.17 | |
| MAexp20: | 15.14 | |
| MAexp50: | 15.10 | |
| MAexp100: | 15.10 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -2.32% | |
| Price / MA50: | -3.13% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.33% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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