CONNECTM TECHNOLOGY SOLUTIONS - 15 min. - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 1.06 USD
My targets
1.01 USD (-2.88%)
0.97 USD (-6.73%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CONNECTM TECHNOLOGY SOLUTIONS as long as the price remains well below 1.06 USD. The next bearish objective for sellers is set at 1.01 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.97 USD. If there is any crossing, the next objective would be the support located at 0.92 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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
CONNECTM TECHNOLOGY SOLUTIONS rating 1.04 USD. The price is lower by -0.95% since the last closing and was between 1.02 USD and 1.06 USD. This implies that the price is at +1.96% from its lowest and at -1.89% from its highest.1.02
1.06
1.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 15 min. chart of CONNECTM TECHNOLOGY SOLUTIONS indicates that the overall trend is bearish. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.91 | 1.04 | 1.06 | 1.23 | 1.35 |
| Change (%) | -12.50% | - | +1.92% | +18.27% | +29.81% |
| Change | -0.13 | - | +0.02 | +0.19 | +0.31 |
| Level | Intermediate | - | Major | Minor | 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 | 0.97 | 1.01 | 1.06 | 1.10 | 1.15 | 1.19 |
| Camarilla | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 |
| Woodie | 0.92 | 0.97 | 1.01 | 1.06 | 1.10 | 1.15 | 1.19 |
| Fibonacci | 0.97 | 1.00 | 1.03 | 1.06 | 1.09 | 1.12 | 1.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.81 | 0.91 | 1.01 | 1.11 | 1.21 | 1.31 | 1.41 |
| Camarilla | 1.07 | 1.08 | 1.10 | 1.12 | 1.14 | 1.16 | 1.18 |
| Woodie | 0.82 | 0.91 | 1.02 | 1.11 | 1.22 | 1.31 | 1.42 |
| Fibonacci | 0.91 | 0.98 | 1.03 | 1.11 | 1.18 | 1.23 | 1.31 |
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): | 40.92 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 7.03 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.03 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.10 | |
| Zig ZAG (10): | 1.05 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 0.00 | |
| TEMA (21): | 1.05 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -1.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.09 | |
| MA20: | 1.10 | |
| MA50: | 1.05 | |
| MA100: | 4.51 | |
| MAexp7: | 1.06 | |
| MAexp20: | 1.07 | |
| MAexp50: | 1.09 | |
| MAexp100: | 1.09 | |
| Price / MA7: | -4.59% | |
| Price / MA20: | -5.45% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -76.94% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -2.80% | |
| Price / MAexp50: | -4.59% | |
| Price / MAexp100: | -4.59% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CONNECTM TECHNOLOGY SOLUTIONS. At the time of publication of this analysis, the latest news was as follows:
- ConnectM Announces Strategic Acquisition of Green Energy Gains Inc.
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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