CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 09/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.14 USD
My targets
1.21 USD (+0.83%)
1.26 USD (+5.25%)
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 1.14 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.21 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 1.26 USD as an objective. Crossing it would then enable buyers to target 1.43 USD. If the support 1.14 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 1.20 USD. On the day, this instrument lost -4.76% and was traded between 1.20 USD and 1.30 USD over the period. The price is currently at 0% from its lowest and -7.69% from its highest.1.20
1.30
1.20
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
A study of price movements over other periods shows the following variations:
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 : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this CONNECTM TECHNOLOGY SOLUTIONS chart shows a bullish trend. 71.43% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.72 | 0.91 | 1.07 | 1.20 | 1.22 | 1.83 |
| Change (%) | -40.00% | -24.17% | -10.83% | - | +1.67% | +52.50% |
| Change | -0.48 | -0.29 | -0.13 | - | +0.02 | +0.63 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate |
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 | 0.77 | 0.93 | 1.10 | 1.26 | 1.43 | 1.59 | 1.76 |
| Camarilla | 1.17 | 1.20 | 1.23 | 1.26 | 1.29 | 1.32 | 1.35 |
| Woodie | 0.77 | 0.93 | 1.10 | 1.26 | 1.43 | 1.59 | 1.76 |
| Fibonacci | 0.93 | 1.06 | 1.14 | 1.26 | 1.39 | 1.47 | 1.59 |
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): | 48.81 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -0.87 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 1.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.41 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.20 | |
| Zig ZAG (10): | 1.26 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 21.67 | |
| TEMA (21): | 1.32 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -3.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 3.48 |
| MA7: | 1.12 | |
| MA20: | 1.04 | |
| MA50: | 1.14 | |
| MA100: | 5.93 | |
| MAexp7: | 1.29 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.22 | |
| MAexp100: | 1.18 | |
| Price / MA7: | +7.14% | |
| Price / MA20: | +15.38% | |
| Price / MA50: | +5.26% | |
| Price / MA100: | -79.76% | |
| Price / MAexp7: | -6.98% | |
| Price / MAexp20: | -6.25% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | +1.69% |
Quotes :
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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 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.
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