ALGORHYTHM HOLDINGS INC. - 1H - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 0.0854 USD
My targets
0.0547 USD (-29.73%)
0.0315 USD (-59.47%)
My analysis
The bearish trend is currently very strong for ALGORHYTHM HOLDINGS INC.. As long as the price remains below the resistance at 0.0854 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.0547 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.0315 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORHYTHM HOLDINGS INC. price is 0.0778 USD. On the day, this instrument gained +3.32% and was traded between 0.0733 USD and 0.0837 USD over the period. The price is currently at +6.14% from its lowest and -7.05% from its highest.0.0733
0.0837
0.0778
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on ALGORHYTHM HOLDINGS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ALGORHYTHM HOLDINGS INC. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.0778 | 0.0854 | 0.2144 | 0.2744 |
| Change (%) | - | +9.77% | +175.58% | +252.70% |
| Change | - | +0.0076 | +0.1366 | +0.1966 |
| Level | - | Minor | Minor | Intermediate |
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 | 0.0624 | 0.0679 | 0.0728 | 0.0783 | 0.0832 | 0.0887 | 0.0936 |
| Camarilla | 0.0749 | 0.0759 | 0.0769 | 0.0778 | 0.0788 | 0.0797 | 0.0807 |
| Woodie | 0.0622 | 0.0678 | 0.0726 | 0.0782 | 0.0830 | 0.0886 | 0.0934 |
| Fibonacci | 0.0679 | 0.0718 | 0.0743 | 0.0783 | 0.0822 | 0.0847 | 0.0887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0100 | 0.0315 | 0.0547 | 0.0962 | 0.1194 | 0.1609 | 0.1841 |
| Camarilla | 0.0600 | 0.0659 | 0.0719 | 0.0778 | 0.0837 | 0.0897 | 0.0956 |
| Woodie | -0.0193 | 0.0269 | 0.0455 | 0.0916 | 0.1102 | 0.1563 | 0.1749 |
| Fibonacci | 0.0315 | 0.0563 | 0.0715 | 0.0962 | 0.1210 | 0.1362 | 0.1609 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0090 | 0.1090 | 0.1620 | 0.2620 | 0.3150 | 0.4150 | 0.4680 |
| Camarilla | 0.1729 | 0.1870 | 0.2010 | 0.2150 | 0.2290 | 0.2431 | 0.2571 |
| Woodie | -0.0145 | 0.0973 | 0.1385 | 0.2503 | 0.2915 | 0.4033 | 0.4445 |
| Fibonacci | 0.1090 | 0.1675 | 0.2036 | 0.2620 | 0.3205 | 0.3566 | 0.4150 |
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): | 36.43 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | -13.2488 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 0.0725 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0813 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 0.0891 | |
| Zig ZAG (10): | 0.0778 | |
| VORTEX (21): | 0.8254 | |
| Stochastique (14,3,5): | 32.24 | |
| TEMA (21): | 0.0767 | |
| Williams %R (14): | -66.90 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0144 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2260 | |
| Courbe Coppock: | 20.04 |
| MA7: | 0.0905 | |
| MA20: | 0.1805 | |
| MA50: | 0.3076 | |
| MA100: | 0.4302 | |
| MAexp7: | 0.0783 | |
| MAexp20: | 0.0828 | |
| MAexp50: | 0.1052 | |
| MAexp100: | 0.1451 | |
| Price / MA7: | -14.03% | |
| Price / MA20: | -56.90% | |
| Price / MA50: | -74.71% | |
| Price / MA100: | -81.92% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -6.04% | |
| Price / MAexp50: | -26.05% | |
| Price / MAexp100: | -46.38% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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