ENZYME - MLN/USD - 1H - Technical analysis published on 09/18/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 14.84 USD
My targets
14.10 USD (-1.81%)
13.76 USD (-4.18%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ENZYME - MLN/USD. As long as you are under the resistance located at 14.84 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 14.10 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 13.76 USD as an objective. If the resistance 14.84 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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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 14.36 USD. On the day, this instrument gained +0.99% with the lowest point at 13.88 USD and the highest point at 14.73 USD. The deviation from the price is +3.46% for the low point and -2.51% for the high point.13.88
14.73
14.36
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENZYME - MLN/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.76 | 14.10 | 14.36 | 14.84 | 15.29 | 15.66 |
| Change (%) | -4.18% | -1.81% | - | +3.34% | +6.48% | +9.05% |
| Change | -0.60 | -0.26 | - | +0.48 | +0.93 | +1.30 |
| Level | Major | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.38 | 13.74 | 13.98 | 14.34 | 14.58 | 14.94 | 15.18 |
| Camarilla | 14.06 | 14.11 | 14.17 | 14.22 | 14.28 | 14.33 | 14.39 |
| Woodie | 13.32 | 13.71 | 13.92 | 14.31 | 14.52 | 14.91 | 15.12 |
| Fibonacci | 13.74 | 13.97 | 14.11 | 14.34 | 14.57 | 14.71 | 14.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.14 | 13.85 | 14.62 | 15.33 | 16.10 | 16.81 | 17.58 |
| Camarilla | 14.99 | 15.13 | 15.26 | 15.40 | 15.54 | 15.67 | 15.81 |
| Woodie | 13.18 | 13.87 | 14.66 | 15.35 | 16.14 | 16.83 | 17.62 |
| Fibonacci | 13.85 | 14.41 | 14.76 | 15.33 | 15.89 | 16.24 | 16.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.50 | 9.60 | 12.46 | 15.56 | 18.42 | 21.52 | 24.38 |
| Camarilla | 13.69 | 14.24 | 14.78 | 15.33 | 15.88 | 16.42 | 16.97 |
| Woodie | 6.39 | 9.54 | 12.35 | 15.50 | 18.31 | 21.46 | 24.27 |
| Fibonacci | 9.60 | 11.87 | 13.28 | 15.56 | 17.83 | 19.24 | 21.52 |
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): | 50.14 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 14.11 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 14.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.00 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 14.10 | |
| Zig ZAG (10): | 14.38 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 66.14 | |
| TEMA (21): | 14.39 | |
| Williams %R (14): | -42.11 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -1.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.19 |
| MA7: | 14.81 | |
| MA20: | 15.09 | |
| MA50: | 15.70 | |
| MA100: | 17.34 | |
| MAexp7: | 14.39 | |
| MAexp20: | 14.37 | |
| MAexp50: | 14.46 | |
| MAexp100: | 14.66 | |
| Price / MA7: | -3.04% | |
| Price / MA20: | -4.84% | |
| Price / MA50: | -8.54% | |
| Price / MA100: | -17.19% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -2.05% |
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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