CONNECTM TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.9137 USD
My targets
0.8623 USD (-4.19%)
0.7445 USD (-17.27%)
My analysis
The basic trend is bearish on CONNECTM TECHNOLOGY SOLUTIONS and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.9137 USD. Buyers would then use the next resistance located at 0.9997 USD as an objective. Crossing it would then enable buyers to target 1.2400 USD. If there is a return to below the support located at 0.8623 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.7445 USD and 0.7203 USD by extension.
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
0.2
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This analysis was given by hervorragend.
Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 0.9000 USD. The price registered an increase of +2.04% on the session with the lowest point at 0.8700 USD and the highest point at 0.9200 USD. The deviation from the price is +3.45% for the low point and -2.17% for the high point.0.8700
0.9200
0.9000
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CONNECTM TECHNOLOGY SOLUTIONS in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.7203 | 0.9000 | 0.9137 | 1.2400 | 1.6600 |
| Change (%) | -19.97% | - | +1.52% | +37.78% | +84.44% |
| Change | -0.1797 | - | +0.0137 | +0.3400 | +0.7600 |
| Level | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8233 | 0.8467 | 0.8733 | 0.8967 | 0.9233 | 0.9467 | 0.9733 |
| Camarilla | 0.8863 | 0.8908 | 0.8954 | 0.9000 | 0.9046 | 0.9092 | 0.9138 |
| Woodie | 0.8250 | 0.8475 | 0.8750 | 0.8975 | 0.9250 | 0.9475 | 0.9750 |
| Fibonacci | 0.8467 | 0.8658 | 0.8776 | 0.8967 | 0.9158 | 0.9276 | 0.9467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.4893 | 0.6071 | 0.7445 | 0.8623 | 0.9997 | 1.1175 | 1.2549 |
| Camarilla | 0.8118 | 0.8352 | 0.8586 | 0.8820 | 0.9054 | 0.9288 | 0.9522 |
| Woodie | 0.4992 | 0.6120 | 0.7544 | 0.8672 | 1.0096 | 1.1224 | 1.2648 |
| Fibonacci | 0.6071 | 0.7046 | 0.7648 | 0.8623 | 0.9598 | 1.0200 | 1.1175 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.7337 | -0.0313 | 0.4253 | 1.1277 | 1.5843 | 2.2867 | 2.7433 |
| Camarilla | 0.5633 | 0.6695 | 0.7758 | 0.8820 | 0.9882 | 1.0945 | 1.2007 |
| Woodie | -0.8565 | -0.0928 | 0.3025 | 1.0663 | 1.4615 | 2.2253 | 2.6205 |
| Fibonacci | -0.0313 | 0.4114 | 0.6849 | 1.1277 | 1.5704 | 1.8439 | 2.2867 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.36 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 2.3881 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 0.8779 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8266 | |
| Elder Ray (13): | 0.0032 | |
| Super Trend (3,10): | 0.9130 | |
| Zig ZAG (10): | 0.9000 | |
| VORTEX (21): | 1.0114 | |
| Stochastique (14,3,5): | 41.07 | |
| TEMA (21): | 0.8951 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | 0.1709 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0192 | |
| Courbe Coppock: | 5.93 |
| MA7: | 0.8792 | |
| MA20: | 1.0082 | |
| MA50: | 3.6339 | |
| MA100: | 7.4292 | |
| MAexp7: | 0.8848 | |
| MAexp20: | 0.8799 | |
| MAexp50: | 0.9059 | |
| MAexp100: | 0.9801 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | -10.73% | |
| Price / MA50: | -75.23% | |
| Price / MA100: | -87.89% | |
| Price / MAexp7: | +1.72% | |
| Price / MAexp20: | +2.28% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -8.17% |
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 Prepares to Deleverage Balance Sheet with Board’s Approval of Debt-to-Equity Conversion
- 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.
About author
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