CONNECTM TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.03 USD
My targets
1.15 USD (+6.20%)
1.26 USD (+16.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONNECTM TECHNOLOGY SOLUTIONS as long as the price remains well above 1.03 USD. The buyers' bullish objective is set at 1.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.26 USD. If there is any crossing, the next objective would be the resistance located at 1.41 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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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 1.08 USD. The price has increased by +5.88% since the last closing and was traded between 1.05 USD and 1.11 USD over the period. The price is currently at +2.86% from its lowest and -2.70% from its highest.1.05
1.11
1.08
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONNECTM TECHNOLOGY SOLUTIONS:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CONNECTM TECHNOLOGY SOLUTIONS chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.72 | 0.91 | 1.03 | 1.08 | 1.41 | 1.66 | 1.83 |
Change (%) | -33.31% | -15.61% | -4.81% | - | +30.56% | +53.70% | +69.44% |
Change | -0.36 | -0.17 | -0.05 | - | +0.33 | +0.58 | +0.75 |
Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 0.89 | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 |
Camarilla | 1.00 | 1.01 | 1.01 | 1.02 | 1.03 | 1.04 | 1.04 |
Woodie | 0.90 | 0.93 | 0.98 | 1.01 | 1.06 | 1.09 | 1.14 |
Fibonacci | 0.92 | 0.95 | 0.97 | 1.00 | 1.03 | 1.05 | 1.08 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.72 | 0.79 | 0.90 | 0.97 | 1.08 | 1.15 | 1.26 |
Camarilla | 0.97 | 0.99 | 1.00 | 1.02 | 1.04 | 1.05 | 1.07 |
Woodie | 0.75 | 0.80 | 0.93 | 0.98 | 1.11 | 1.16 | 1.29 |
Fibonacci | 0.79 | 0.86 | 0.90 | 0.97 | 1.04 | 1.08 | 1.15 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.74 | -0.03 | 0.42 | 1.13 | 1.58 | 2.29 | 2.74 |
Camarilla | 0.56 | 0.67 | 0.77 | 0.88 | 0.99 | 1.09 | 1.20 |
Woodie | -0.86 | -0.10 | 0.30 | 1.07 | 1.46 | 2.23 | 2.62 |
Fibonacci | -0.03 | 0.41 | 0.68 | 1.13 | 1.57 | 1.84 | 2.29 |
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): | 61.63 | |
MACD (12,26,9): | 0.0300 | |
Directional Movement: | 18.06 | |
AROON (14): | 57.14 | |
DEMA (21): | 1.01 | |
Parabolic SAR (0,02-0,02-0,2): | 0.99 | |
Elder Ray (13): | 0.04 | |
Super Trend (3,10): | 0.90 | |
Zig ZAG (10): | 1.03 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 88.48 | |
TEMA (21): | 1.03 | |
Williams %R (14): | -3.42 | |
Chande Momentum Oscillator (20): | 0.14 | |
Repulse (5,40,3): | 3.8100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.4500 | |
Courbe Coppock: | 21.09 |
MA7: | 0.92 | |
MA20: | 1.04 | |
MA50: | 3.02 | |
MA100: | 7.13 | |
MAexp7: | 1.00 | |
MAexp20: | 0.97 | |
MAexp50: | 0.94 | |
MAexp100: | 0.97 | |
Price / MA7: | +17.39% | |
Price / MA20: | +3.85% | |
Price / MA50: | -64.24% | |
Price / MA100: | -84.85% | |
Price / MAexp7: | +8.00% | |
Price / MAexp20: | +11.34% | |
Price / MAexp50: | +14.89% | |
Price / MAexp100: | +11.34% |
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 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.
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