CONNECTM TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/21/2024 (GMT)
- 111
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.06 USD
My targets
1.15 USD (+2.68%)
1.21 USD (+8.04%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CONNECTM TECHNOLOGY SOLUTIONS. As long as you are above the support located at 1.06 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.15 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.21 USD as an objective. Crossing it would then enable buyers to target 1.26 USD. If the support 1.06 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hervorragend.
Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS rating is 1.12 USD. The price has increased by +2.75% since the last closing with the lowest point at 1.08 USD and the highest point at 1.22 USD. The deviation from the price is +3.70% for the low point and -8.20% for the high point.1.08
1.22
1.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CONNECTM TECHNOLOGY SOLUTIONS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CONNECTM TECHNOLOGY SOLUTIONS chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.72 | 0.91 | 1.06 | 1.12 | 1.15 | 1.26 | 1.66 |
| Change (%) | -35.71% | -18.75% | -5.36% | - | +2.68% | +12.50% | +48.21% |
| Change | -0.40 | -0.21 | -0.06 | - | +0.03 | +0.14 | +0.54 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.00 | 1.06 | 1.14 | 1.20 | 1.28 | 1.34 |
| Camarilla | 1.08 | 1.09 | 1.11 | 1.12 | 1.13 | 1.15 | 1.16 |
| Woodie | 0.91 | 1.00 | 1.05 | 1.14 | 1.19 | 1.28 | 1.33 |
| Fibonacci | 1.00 | 1.05 | 1.09 | 1.14 | 1.19 | 1.23 | 1.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.98 | 1.05 | 1.14 | 1.21 | 1.30 | 1.37 |
| Camarilla | 1.08 | 1.09 | 1.11 | 1.12 | 1.14 | 1.15 | 1.16 |
| Woodie | 0.88 | 0.98 | 1.04 | 1.14 | 1.20 | 1.30 | 1.36 |
| Fibonacci | 0.98 | 1.04 | 1.08 | 1.14 | 1.20 | 1.24 | 1.30 |
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): | 51.72 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 20.18 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.07 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.05 | |
| Zig ZAG (10): | 1.13 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 59.61 | |
| TEMA (21): | 1.13 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -2.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 5.35 |
| MA7: | 1.11 | |
| MA20: | 1.02 | |
| MA50: | 1.21 | |
| MA100: | 6.13 | |
| MAexp7: | 1.13 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.11 | |
| MAexp100: | 1.08 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +9.80% | |
| Price / MA50: | -7.44% | |
| Price / MA100: | -81.73% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.80% | |
| Price / MAexp100: | +4.63% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on CONNECTM TECHNOLOGY SOLUTIONS at the time of the generation of this analysis was as follows:
- ConnectM Successfully Eliminates $7.5 Million in Debt, Reaching Halfway Mark in Debt-To-Equity Conversion
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CONNECTM TECHNOLOGY SOLUTIONS - 1H