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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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
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
0
10
1.1
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This analysis was given by hervorragend. Take part yourself by sharing additional analysis on another time unit:
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
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
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
S2
S1
R1
R2
R3
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
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NASDAQ Stocks
News
The last news published on CONNECTM TECHNOLOGY SOLUTIONS at the time of the generation of this analysis was as follows:
- ConnectM Publishes New Investor Materials
- 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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