CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.02 USD
My targets
0.92 USD (-8.00%)
0.85 USD (-14.70%)
My analysis
CONNECTM TECHNOLOGY SOLUTIONS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.02 USD. The next support located at 0.92 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.85 USD. Below this support, sellers could then target 0.83 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by hervorragend.
Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 1.00 USD. The price registered a decrease of -0.99% on the session and was between 1.00 USD and 1.07 USD. This implies that the price is at 0% from its lowest and at -6.54% from its highest.1.00
1.07
1.00
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this CONNECTM TECHNOLOGY SOLUTIONS chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.85 | 0.92 | 1.00 | 1.00 | 1.06 | 1.22 | 1.35 |
| Change (%) | -15.00% | -8.00% | 0% | - | +6.00% | +22.00% | +35.00% |
| Change | -0.15 | -0.08 | 0 | - | +0.06 | +0.22 | +0.35 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 0.67 | 0.83 | 0.92 | 1.08 | 1.17 | 1.33 | 1.42 |
| Camarilla | 0.94 | 0.96 | 0.99 | 1.01 | 1.03 | 1.06 | 1.08 |
| Woodie | 0.64 | 0.81 | 0.89 | 1.06 | 1.14 | 1.31 | 1.39 |
| Fibonacci | 0.83 | 0.93 | 0.99 | 1.08 | 1.18 | 1.24 | 1.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.65 | 0.85 | 1.02 | 1.22 | 1.39 | 1.59 | 1.76 |
| Camarilla | 1.08 | 1.11 | 1.15 | 1.18 | 1.21 | 1.25 | 1.28 |
| Woodie | 0.63 | 0.84 | 1.00 | 1.21 | 1.37 | 1.58 | 1.74 |
| Fibonacci | 0.85 | 1.00 | 1.08 | 1.22 | 1.37 | 1.45 | 1.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.27 | 0.56 | 0.85 | 1.14 | 1.43 | 1.72 | 2.01 |
| Camarilla | 0.98 | 1.03 | 1.09 | 1.14 | 1.19 | 1.25 | 1.30 |
| Woodie | 0.27 | 0.56 | 0.85 | 1.14 | 1.43 | 1.72 | 2.01 |
| Fibonacci | 0.56 | 0.78 | 0.92 | 1.14 | 1.36 | 1.50 | 1.72 |
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): | 34.30 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -26.42 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.06 | |
| Zig ZAG (10): | 1.01 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 21.48 | |
| TEMA (21): | 1.00 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 2.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 13.07 |
| MA7: | 1.15 | |
| MA20: | 1.11 | |
| MA50: | 1.05 | |
| MA100: | 5.42 | |
| MAexp7: | 1.02 | |
| MAexp20: | 1.05 | |
| MAexp50: | 1.09 | |
| MAexp100: | 1.13 | |
| Price / MA7: | -13.04% | |
| Price / MA20: | -9.91% | |
| Price / MA50: | -4.76% | |
| Price / MA100: | -81.55% | |
| Price / MAexp7: | -1.96% | |
| Price / MAexp20: | -4.76% | |
| Price / MAexp50: | -8.26% | |
| Price / MAexp100: | -11.50% |
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 Secures Transformative Master Services Agreement with Devlin Energy, Most Trusted Solar and Battery Retrofit Installer in New England
- ConnectM Eliminates $13.7 Million Debt
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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