CONNECTM TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.07 USD
My targets
1.09 USD (+0.93%)
1.14 USD (+5.83%)
My analysis
The current short-term bullish acceleration on CONNECTM TECHNOLOGY SOLUTIONS should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.07 USD. Short-term buyers will use the resistance located at 1.09 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.14 USD. Crossing this resistance would then open the door for buyers to target 1.22 USD. Caution, if there is a return to under 1.07 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 1.08 USD. The price has increased by +1.89% since the last closing with the lowest point at 1.00 USD and the highest point at 1.10 USD. The deviation from the price is +8.00% for the low point and -1.82% for the high point.1.00
1.10
1.08
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 : 50 days
Technical
Technical analysis of this 1H chart of CONNECTM TECHNOLOGY SOLUTIONS indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.85 | 0.91 | 1.02 | 1.08 | 1.09 | 1.22 | 1.35 |
| Change (%) | -21.30% | -15.74% | -5.56% | - | +0.93% | +12.96% | +25.00% |
| Change | -0.23 | -0.17 | -0.06 | - | +0.01 | +0.14 | +0.27 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.92 | 0.96 | 1.01 | 1.05 | 1.10 | 1.14 | 1.19 |
| Camarilla | 1.04 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 | 1.09 |
| Woodie | 0.93 | 0.96 | 1.02 | 1.05 | 1.11 | 1.14 | 1.20 |
| Fibonacci | 0.96 | 0.99 | 1.02 | 1.05 | 1.08 | 1.11 | 1.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.56 | 0.74 | 0.89 | 1.07 | 1.22 | 1.40 | 1.55 |
| Camarilla | 0.96 | 0.99 | 1.02 | 1.05 | 1.08 | 1.11 | 1.14 |
| Woodie | 0.56 | 0.73 | 0.89 | 1.06 | 1.22 | 1.39 | 1.55 |
| Fibonacci | 0.74 | 0.86 | 0.94 | 1.07 | 1.19 | 1.27 | 1.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.28 | 0.56 | 0.86 | 1.14 | 1.44 | 1.72 | 2.02 |
| Camarilla | 0.99 | 1.04 | 1.10 | 1.15 | 1.20 | 1.26 | 1.31 |
| Woodie | 0.28 | 0.57 | 0.86 | 1.15 | 1.44 | 1.73 | 2.02 |
| Fibonacci | 0.56 | 0.79 | 0.92 | 1.14 | 1.37 | 1.50 | 1.72 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.97 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 13.15 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.01 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 0.96 | |
| Zig ZAG (10): | 1.09 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 86.90 | |
| TEMA (21): | 1.08 | |
| Williams %R (14): | -11.90 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 3.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 17.37 |
| MA7: | 1.04 | |
| MA20: | 1.10 | |
| MA50: | 1.03 | |
| MA100: | 4.91 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.03 | |
| MAexp50: | 1.04 | |
| MAexp100: | 1.07 | |
| Price / MA7: | +3.85% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | +4.85% | |
| Price / MA100: | -78.00% | |
| Price / MAexp7: | +1.89% | |
| Price / MAexp20: | +4.85% | |
| Price / MAexp50: | +3.85% | |
| Price / MAexp100: | +0.93% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CONNECTM TECHNOLOGY SOLUTIONS at the time of the analysis were 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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