CONNECTM TECHNOLOGY SOLUTIONS

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Ticker:	CNTM
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CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 08/22/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

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CONNECTM TECHNOLOGY SOLUTIONS Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 1.0633 USD

My targets

0.9867 USD (-1.33%)

0.9033 USD (-9.67%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.0633 USD remains possible. It is advisable to trade CONNECTM TECHNOLOGY SOLUTIONS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.0633 USD. The next bearish objective for sellers is set at 0.9867 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9033 USD. In case of crossing, the next objective would be the support located at 0.8267 USD. PS: if there is a bullish break in the resistance located at 1.0633 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

1.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hervorragend.

Additional analysis

Quotes

The CONNECTM TECHNOLOGY SOLUTIONS price is 1.0000 USD. The price has increased by +2.04% since the last closing with the lowest point at 0.9500 USD and the highest point at 1.0200 USD. The deviation from the price is +5.26% for the low point and -1.96% for the high point.

0.9500

1.0200

1.0000

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 on CONNECTM TECHNOLOGY SOLUTIONS were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 15 min. chart of CONNECTM TECHNOLOGY SOLUTIONS indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6700	0.9100	1.0000	1.8300	2.2000	2.6300
Change (%)	-33.00%	-9.00%	-	+83.00%	+120.00%	+163.00%
Change	-0.3300	-0.0900	-	+0.8300	+1.2000	+1.6300
Level	Minor	Intermediate	-	Intermediate	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	0.7433	0.8267	0.9033	0.9867	1.0633	1.1467	1.2233
Camarilla	0.9360	0.9507	0.9653	0.9800	0.9947	1.0093	1.0240
Woodie	0.7400	0.8250	0.9000	0.9850	1.0600	1.1450	1.2200
Fibonacci	0.8267	0.8878	0.9256	0.9867	1.0478	1.0856	1.1467

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.3000	0.2800	0.6700	1.2500	1.6400	2.2200	2.6100
Camarilla	0.7933	0.8822	0.9711	1.0600	1.1489	1.2378	1.3268
Woodie	-0.3950	0.2325	0.5750	1.2025	1.5450	2.1725	2.5150
Fibonacci	0.2800	0.6505	0.8795	1.2500	1.6205	1.8495	2.2200

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-13.0700	-6.1200	-2.6000	4.3500	7.8700	14.8200	18.3400
Camarilla	-1.9593	-0.9995	-0.0398	0.9200	1.8798	2.8395	3.7993
Woodie	-14.7850	-6.9775	-4.3150	3.4925	6.1550	13.9625	16.6250
Fibonacci	-6.1200	-2.1205	0.3505	4.3500	8.3495	10.8205	14.8200

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):	48.15
MACD (12,26,9):	-0.0200
Directional Movement:	-0.7100
AROON (14):	57.1400
DEMA (21):	0.9400
Parabolic SAR (0,02-0,02-0,2):	0.9100
Elder Ray (13):	0.0100
Super Trend (3,10):	1.0100
Zig ZAG (10):	0.9700
VORTEX (21):	0.8000
Stochastique (14,3,5):	71.43
TEMA (21):	0.9400
Williams %R (14):	-28.00
Chande Momentum Oscillator (20):	0.0100
Repulse (5,40,3):	0.2300
ROCnROLL:	-1
TRIX (15,9):	-0.3000
Courbe Coppock:	3.46

MA7:	1.2300
MA20:	1.0300
MA50:	5.3000
MA100:	8.2400
MAexp7:	0.9600
MAexp20:	0.9700
MAexp50:	1.0000
MAexp100:	1.0500
Price / MA7:	-18.70%
Price / MA20:	-2.91%
Price / MA50:	-81.13%
Price / MA100:	-87.86%
Price / MAexp7:	+4.17%
Price / MAexp20:	+3.09%
Price / MAexp50:	-0%
Price / MAexp100:	-4.76%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on CONNECTM TECHNOLOGY SOLUTIONS at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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