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GASOL
GASOL
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: RBOB
ISIN:

GASOL - 1H - Technical analysis published on 02/16/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 2.6401 USD
My targets
2.5956 USD (-0.54%)
2.5736 USD (-1.38%)
My analysis
GASOL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.6401 USD. The next support located at 2.5956 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.5736 USD. Below this support, sellers could then target 2.3286 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5

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.

taha
This analysis was given by taha. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GASOL rating is 2.6096 USD. On the day, this instrument lost -2.52% with the lowest point at 2.6082 USD and the highest point at 2.6114 USD. The deviation from the price is +0.05% for the low point and -0.07% for the high point.

2.6082
2.6114
2.6096

Here is a more detailed summary of the historical variations registered by GASOL:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GASOL chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

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


S3S2S1PriceR1R2R3
ProTrendLines 2.3286 2.5736 2.5956 2.6096 2.6401 2.7200 2.7697
Change (%) -10.77% -1.38% -0.54% - +1.17% +4.23% +6.14%
Change -0.2810 -0.0360 -0.0140 - +0.0305 +0.1104 +0.1601
Level Intermediate Major Intermediate - Intermediate Minor Major



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
Standard2.42122.50552.55682.64112.69242.77672.8280
Camarilla2.57092.58332.59582.60822.62062.63312.6455
Woodie2.40482.49732.54042.63292.67602.76852.8116
Fibonacci2.50552.55732.58932.64112.69292.72492.7767


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.46682.53132.63492.69942.80302.86752.9711
Camarilla2.69242.70782.72322.73862.75402.76942.7848
Woodie2.48652.54112.65462.70922.82272.87732.9908
Fibonacci2.53132.59552.63522.69942.76362.80332.8675


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.94172.07362.32442.45632.70712.83903.0898
Camarilla2.47002.50502.54012.57522.61032.64542.6804
Woodie2.00122.10332.38392.48602.76662.86873.1493
Fibonacci2.07362.21982.31012.45632.60252.69282.8390

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): 28.84
MACD (12,26,9): -0.0132
Directional Movement: -29.7142
AROON (14): -35.7143
DEMA (21): 2.6596
Parabolic SAR (0,02-0,02-0,2): 2.7106
Elder Ray (13): -0.0668
Super Trend (3,10): 2.6675
Zig ZAG (10): 2.6082
VORTEX (21): 0.7143
Stochastique (14,3,5): 6.09
TEMA (21): 2.6540
Williams %R (14): -86.36
Chande Momentum Oscillator (20): -0.0664
Repulse (5,40,3): -1.9267
ROCnROLL: 2
TRIX (15,9): -0.0287
Courbe Coppock: 2.34
MA7: 2.6747
MA20: 2.5898
MA50: 2.3817
MA100: 2.3021
MAexp7: 2.6418
MAexp20: 2.6746
MAexp50: 2.6902
MAexp100: 2.6917
Price / MA7: -2.43%
Price / MA20: +0.76%
Price / MA50: +9.57%
Price / MA100: +13.36%
Price / MAexp7: -1.22%
Price / MAexp20: -2.43%
Price / MAexp50: -3.00%
Price / MAexp100: -3.05%

Quotes : - 10 min delayed data - NYMEX Futures

News


Don't forget to follow the news on GASOL. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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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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