GASOL - 1H - Technical analysis published on 05/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 3.6171 USD
My targets
3.5605 USD (-0.78%)
3.5022 USD (-2.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.6171 USD remains possible. It is advisable to trade GASOL with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.6171 USD. The next bearish objective for sellers is set at 3.5605 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.5022 USD. In case of crossing, the next objective would be the support located at 3.4419 USD. PS: if there is a bullish break in the resistance located at 3.6171 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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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 3.5884 USD. The price registered an increase of +1.32% on the session and was traded between 3.5057 USD and 3.6221 USD over the period. The price is currently at +2.36% from its lowest and -0.93% from its highest.3.5057
3.6221
3.5884
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GASOL in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.4419 | 3.5022 | 3.5605 | 3.5884 | 3.6171 | 3.6633 | 3.7222 |
| Change (%) | -4.08% | -2.40% | -0.78% | - | +0.80% | +2.09% | +3.73% |
| Change | -0.1465 | -0.0862 | -0.0279 | - | +0.0287 | +0.0749 | +0.1338 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 3.3141 | 3.4083 | 3.4749 | 3.5691 | 3.6357 | 3.7299 | 3.7965 |
| Camarilla | 3.4973 | 3.5120 | 3.5268 | 3.5415 | 3.5562 | 3.5710 | 3.5857 |
| Woodie | 3.3003 | 3.4014 | 3.4611 | 3.5622 | 3.6219 | 3.7230 | 3.7827 |
| Fibonacci | 3.4083 | 3.4697 | 3.5077 | 3.5691 | 3.6305 | 3.6685 | 3.7299 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9877 | 3.1671 | 3.4631 | 3.6425 | 3.9385 | 4.1179 | 4.4139 |
| Camarilla | 3.6283 | 3.6718 | 3.7154 | 3.7590 | 3.8026 | 3.8462 | 3.8897 |
| Woodie | 3.0459 | 3.1963 | 3.5213 | 3.6717 | 3.9967 | 4.1471 | 4.4721 |
| Fibonacci | 3.1671 | 3.3487 | 3.4609 | 3.6425 | 3.8241 | 3.9363 | 4.1179 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5406 | 2.7446 | 3.0935 | 3.2975 | 3.6464 | 3.8504 | 4.1993 |
| Camarilla | 3.2904 | 3.3410 | 3.3917 | 3.4424 | 3.4931 | 3.5438 | 3.5945 |
| Woodie | 2.6131 | 2.7808 | 3.1660 | 3.3337 | 3.7189 | 3.8866 | 4.2718 |
| Fibonacci | 2.7446 | 2.9558 | 3.0863 | 3.2975 | 3.5087 | 3.6392 | 3.8504 |
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): | 53.48 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | 8.3242 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 3.5714 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.5560 | |
| Elder Ray (13): | 0.0202 | |
| Super Trend (3,10): | 3.6163 | |
| Zig ZAG (10): | 3.5908 | |
| VORTEX (21): | 1.0084 | |
| Stochastique (14,3,5): | 79.65 | |
| TEMA (21): | 3.5915 | |
| Williams %R (14): | -25.26 | |
| Chande Momentum Oscillator (20): | 0.0816 | |
| Repulse (5,40,3): | 0.0423 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0449 | |
| Courbe Coppock: | 3.32 |
| MA7: | 3.6199 | |
| MA20: | 3.4334 | |
| MA50: | 3.2898 | |
| MA100: | 2.9364 | |
| MAexp7: | 3.5866 | |
| MAexp20: | 3.5806 | |
| MAexp50: | 3.6045 | |
| MAexp100: | 3.6144 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | +4.51% | |
| Price / MA50: | +9.08% | |
| Price / MA100: | +22.20% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.72% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on GASOL at the time of the analysis were as follows:
Spain's NBA champion Pau Gasol retiresThis 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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