CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 1.40 USD
My targets
1.18 USD (-9.92%)
1.06 USD (-19.08%)
My analysis
CONNECTM TECHNOLOGY SOLUTIONS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.40 USD. The next support located at 1.18 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.06 USD. Below this support, sellers could then target 0.81 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.4
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This analysis was given by hervorragend.
Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 1.31 USD. The price registered a decrease of -25.57% on the session and was between 1.15 USD and 1.74 USD. This implies that the price is at +13.91% from its lowest and at -24.71% from its highest.1.15
1.74
1.31
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CONNECTM TECHNOLOGY SOLUTIONS in 15 min. shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.71 | 1.31 | 2.12 | 5.56 | 8.38 |
| Change (%) | -45.82% | - | +61.90% | +324.43% | +539.69% |
| Change | -0.60 | - | +0.81 | +4.25 | +7.07 |
| Level | Intermediate | - | 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 | 0.47 | 0.81 | 1.06 | 1.40 | 1.65 | 1.99 | 2.24 |
| Camarilla | 1.15 | 1.20 | 1.26 | 1.31 | 1.36 | 1.42 | 1.47 |
| Woodie | 0.43 | 0.79 | 1.02 | 1.38 | 1.61 | 1.97 | 2.20 |
| Fibonacci | 0.81 | 1.04 | 1.18 | 1.40 | 1.63 | 1.77 | 1.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.49 | 0.58 | 0.72 | 0.81 | 0.95 | 1.04 | 1.18 |
| Camarilla | 0.80 | 0.82 | 0.84 | 0.86 | 0.88 | 0.90 | 0.92 |
| Woodie | 0.52 | 0.59 | 0.75 | 0.82 | 0.98 | 1.05 | 1.21 |
| Fibonacci | 0.58 | 0.67 | 0.72 | 0.81 | 0.90 | 0.95 | 1.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -13.07 | -6.12 | -2.60 | 4.35 | 7.87 | 14.82 | 18.34 |
| Camarilla | -1.96 | -1.00 | -0.04 | 0.92 | 1.88 | 2.84 | 3.80 |
| Woodie | -14.79 | -6.98 | -4.32 | 3.49 | 6.16 | 13.96 | 16.63 |
| Fibonacci | -6.12 | -2.12 | 0.35 | 4.35 | 8.35 | 10.82 | 14.82 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.73 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -14.00 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.15 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 1.48 | |
| Zig ZAG (10): | 1.31 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 36.42 | |
| TEMA (21): | 1.23 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 4.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 32.63 |
| MA7: | 1.16 | |
| MA20: | 1.12 | |
| MA50: | 6.12 | |
| MA100: | 8.63 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.40 | |
| MAexp50: | 1.45 | |
| MAexp100: | 1.37 | |
| Price / MA7: | +12.93% | |
| Price / MA20: | +16.96% | |
| Price / MA50: | -78.59% | |
| Price / MA100: | -84.82% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -6.43% | |
| Price / MAexp50: | -9.66% | |
| Price / MAexp100: | -4.38% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CONNECTM TECHNOLOGY SOLUTIONS. At the time of publication of this analysis, the latest news was as follows:
- ConnectM Ranks No. 104 on the Inc. 5000
- ConnectM Publishes Impact Scorecard for the Six Months Ended June 30, 2024
- ConnectM Announces Agreement to Acquire a Controlling Interest in DeliveryCircle
This member declared not having a position on this financial instrument or a related financial instrument.
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