CONNECTM TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.12 USD
My targets
1.15 USD (+1.50%)
1.26 USD (+11.50%)
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 1.12 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. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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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 rating is 1.13 USD. On the day, this instrument lost -0.88% with the lowest point at 1.06 USD and the highest point at 1.19 USD. The deviation from the price is +6.60% for the low point and -5.04% for the high point.1.06
1.19
1.13
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CONNECTM TECHNOLOGY SOLUTIONS in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 | 1.02 | 1.12 | 1.13 | 1.26 | 1.41 | 1.66 |
| Change (%) | -19.47% | -9.73% | -0.88% | - | +11.50% | +24.78% | +46.90% |
| Change | -0.22 | -0.11 | -0.01 | - | +0.13 | +0.28 | +0.53 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.97 | 1.06 | 1.14 | 1.23 | 1.31 | 1.40 |
| Camarilla | 1.09 | 1.11 | 1.12 | 1.14 | 1.16 | 1.17 | 1.19 |
| Woodie | 0.89 | 0.97 | 1.06 | 1.14 | 1.23 | 1.31 | 1.40 |
| Fibonacci | 0.97 | 1.04 | 1.08 | 1.14 | 1.21 | 1.25 | 1.31 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.24 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 6.67 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 1.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.19 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.05 | |
| Zig ZAG (10): | 1.14 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 26.32 | |
| TEMA (21): | 1.13 | |
| Williams %R (14): | -57.89 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 5.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5200 | |
| Courbe Coppock: | 12.48 |
| MA7: | 1.05 | |
| MA20: | 1.04 | |
| MA50: | 2.41 | |
| MA100: | 6.83 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.06 | |
| MAexp100: | 1.03 | |
| Price / MA7: | +7.62% | |
| Price / MA20: | +8.65% | |
| Price / MA50: | -53.11% | |
| Price / MA100: | -83.46% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +6.60% | |
| Price / MAexp100: | +9.71% |
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.
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