CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 09/10/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.17 USD
My targets
1.30 USD (+7.19%)
1.38 USD (+14.30%)
My analysis
CONNECTM TECHNOLOGY SOLUTIONS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.17 USD. The next resistance located at 1.30 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.38 USD. After this resistance, buyers could then target 1.51 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by hervorragend. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CONNECTM TECHNOLOGY SOLUTIONS rating 1.21 USD. The price registered an increase of +18.63% on the session and was traded between 1.05 USD and 1.26 USD over the period. The price is currently at +15.24% from its lowest and -3.97% from its highest.1.05
1.26
1.21
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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
Technical analysis of this 15 min. chart of CONNECTM TECHNOLOGY SOLUTIONS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.91 | 1.00 | 1.12 | 1.21 | 1.26 | 1.41 | 1.66 |
| Change (%) | -24.79% | -17.36% | -7.44% | - | +4.13% | +16.53% | +37.19% |
| Change | -0.30 | -0.21 | -0.09 | - | +0.05 | +0.20 | +0.45 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 0.96 | 1.09 | 1.17 | 1.30 | 1.38 | 1.51 |
| Camarilla | 1.15 | 1.17 | 1.19 | 1.21 | 1.23 | 1.25 | 1.27 |
| Woodie | 0.90 | 0.97 | 1.11 | 1.18 | 1.32 | 1.39 | 1.53 |
| Fibonacci | 0.96 | 1.04 | 1.09 | 1.17 | 1.25 | 1.30 | 1.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 0.96 | 1.09 | 1.17 | 1.30 | 1.38 | 1.51 |
| Camarilla | 1.15 | 1.17 | 1.19 | 1.21 | 1.23 | 1.25 | 1.27 |
| Woodie | 0.90 | 0.97 | 1.11 | 1.18 | 1.32 | 1.39 | 1.53 |
| Fibonacci | 0.96 | 1.04 | 1.09 | 1.17 | 1.25 | 1.30 | 1.38 |
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 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): | 58.42 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.86 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.23 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.28 | |
| Zig ZAG (10): | 1.21 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 56.23 | |
| TEMA (21): | 1.20 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4600 | |
| Courbe Coppock: | 0.94 |
| MA7: | 0.97 | |
| MA20: | 1.06 | |
| MA50: | 2.81 | |
| MA100: | 7.03 | |
| MAexp7: | 1.19 | |
| MAexp20: | 1.18 | |
| MAexp50: | 1.11 | |
| MAexp100: | 1.04 | |
| Price / MA7: | +24.74% | |
| Price / MA20: | +14.15% | |
| Price / MA50: | -56.94% | |
| Price / MA100: | -82.79% | |
| Price / MAexp7: | +1.68% | |
| Price / MAexp20: | +2.54% | |
| Price / MAexp50: | +9.01% | |
| Price / MAexp100: | +16.35% |
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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