CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.05 USD
My targets
1.10 USD (+1.85%)
1.14 USD (+5.56%)
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 1.05 USD. The buyers' bullish objective is set at 1.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.14 USD. If there is any crossing, the next objective would be the resistance located at 1.19 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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This analysis was given by hervorragend.
Additional analysis
Quotes
The CONNECTM TECHNOLOGY SOLUTIONS price is 1.08 USD. The price registered an increase of +1.89% on the session and was traded between 1.00 USD and 1.10 USD over the period. The price is currently at +8.00% from its lowest and -1.82% from its highest.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 CONNECTM TECHNOLOGY SOLUTIONS in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.03 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 27.01 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.03 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.03 | |
| Zig ZAG (10): | 1.09 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 87.96 | |
| TEMA (21): | 1.08 | |
| Williams %R (14): | -15.48 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 9.28 |
| MA7: | 1.04 | |
| MA20: | 1.10 | |
| MA50: | 1.03 | |
| MA100: | 4.91 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.05 | |
| MAexp50: | 1.03 | |
| MAexp100: | 1.02 | |
| Price / MA7: | +3.85% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | +4.85% | |
| Price / MA100: | -78.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +2.86% | |
| Price / MAexp50: | +4.85% | |
| Price / MAexp100: | +5.88% |
Quotes :
-
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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