GASOL - 1H - Technical analysis published on 11/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2.3891 USD
My targets
2.3379 USD (-0.70%)
2.3178 USD (-1.55%)
My analysis
The bearish trend is currently very strong for GASOL. As long as the price remains below the resistance at 2.3891 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.3379 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.3178 USD as an objective. Crossing it would then enable sellers to target 2.2702 USD. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GASOL price is 2.3544 USD. On the day, this instrument lost -0.19% and was traded between 2.3441 USD and 2.3674 USD over the period. The price is currently at +0.44% from its lowest and -0.55% from its highest.2.3441
2.3674
2.3544
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
Here is a more detailed summary of the historical variations registered by GASOL:
Technical
A technical analysis in 1H of this GASOL chart shows a sharp bearish trend. 82.14% 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 2.2702 | 2.3178 | 2.3379 | 2.3544 | 2.3891 | 2.4526 | 2.5149 |
| Change (%) | -3.58% | -1.55% | -0.70% | - | +1.47% | +4.17% | +6.82% |
| Change | -0.0842 | -0.0366 | -0.0165 | - | +0.0347 | +0.0982 | +0.1605 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2834 | 2.3106 | 2.3346 | 2.3618 | 2.3858 | 2.4130 | 2.4370 |
| Camarilla | 2.3444 | 2.3491 | 2.3538 | 2.3585 | 2.3632 | 2.3679 | 2.3726 |
| Woodie | 2.2817 | 2.3098 | 2.3329 | 2.3610 | 2.3841 | 2.4122 | 2.4353 |
| Fibonacci | 2.3106 | 2.3302 | 2.3423 | 2.3618 | 2.3814 | 2.3935 | 2.4130 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.0447 | 2.1812 | 2.2699 | 2.4064 | 2.4951 | 2.6316 | 2.7203 |
| Camarilla | 2.2966 | 2.3172 | 2.3379 | 2.3585 | 2.3791 | 2.3998 | 2.4204 |
| Woodie | 2.0207 | 2.1693 | 2.2459 | 2.3945 | 2.4711 | 2.6197 | 2.6963 |
| Fibonacci | 2.1812 | 2.2673 | 2.3204 | 2.4064 | 2.4925 | 2.5456 | 2.6316 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9488 | 2.0112 | 2.1306 | 2.1930 | 2.3124 | 2.3748 | 2.4942 |
| Camarilla | 2.2000 | 2.2167 | 2.2333 | 2.2500 | 2.2667 | 2.2833 | 2.3000 |
| Woodie | 1.9773 | 2.0255 | 2.1591 | 2.2073 | 2.3409 | 2.3891 | 2.5227 |
| Fibonacci | 2.0112 | 2.0807 | 2.1236 | 2.1930 | 2.2625 | 2.3054 | 2.3748 |
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): | 43.81 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -4.5278 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 2.3565 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.3816 | |
| Elder Ray (13): | -0.0040 | |
| Super Trend (3,10): | 2.3481 | |
| Zig ZAG (10): | 2.3553 | |
| VORTEX (21): | 0.9647 | |
| Stochastique (14,3,5): | 29.10 | |
| TEMA (21): | 2.3584 | |
| Williams %R (14): | -71.66 | |
| Chande Momentum Oscillator (20): | -0.0228 | |
| Repulse (5,40,3): | -0.0069 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0127 | |
| Courbe Coppock: | 1.05 |
| MA7: | 2.4339 | |
| MA20: | 2.4221 | |
| MA50: | 2.2757 | |
| MA100: | 2.2558 | |
| MAexp7: | 2.3582 | |
| MAexp20: | 2.3610 | |
| MAexp50: | 2.3742 | |
| MAexp100: | 2.4026 | |
| Price / MA7: | -3.27% | |
| Price / MA20: | -2.80% | |
| Price / MA50: | +3.46% | |
| Price / MA100: | +4.37% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -2.01% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The last news published on GASOL at the time of the generation of this analysis was as follows:
Spain's NBA champion Pau Gasol retiresThis member declared not having a position on this financial instrument or a related financial instrument.
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