Londinia Opportunities Analyses - 05/02/2024 (GMT) DIODES INC. - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 72.26 USD
My targets
74.29 USD (+1.49%)
76.93 USD (+5.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DIODES INC. as long as the price remains well above 72.26 USD. The buyers' bullish objective is set at 74.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 76.93 USD. If there is any crossing, the next objective would be the resistance located at 82.21 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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.
Additional analysis
Quotes
DIODES INC. rating 73.20 USD. The price has increased by +3.11% since the last closing and was between 70.29 USD and 73.22 USD. This implies that the price is at +4.14% from its lowest and at -0.03% from its highest.70.29
73.22
73.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DIODES INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DIODES INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.14 | 72.26 | 73.14 | 73.20 | 74.29 | 82.21 | 89.55 |
| Change (%) | -2.81% | -1.28% | -0.08% | - | +1.49% | +12.31% | +22.34% |
| Change | -2.06 | -0.94 | -0.06 | - | +1.09 | +9.01 | +16.35 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 67.22 | 68.86 | 69.93 | 71.57 | 72.64 | 74.28 | 75.35 |
| Camarilla | 70.25 | 70.49 | 70.74 | 70.99 | 71.24 | 71.49 | 71.74 |
| Woodie | 66.93 | 68.72 | 69.64 | 71.43 | 72.35 | 74.14 | 75.06 |
| Fibonacci | 68.86 | 69.90 | 70.54 | 71.57 | 72.61 | 73.25 | 74.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.56 | 64.69 | 68.68 | 70.81 | 74.80 | 76.93 | 80.92 |
| Camarilla | 71.00 | 71.56 | 72.12 | 72.68 | 73.24 | 73.80 | 74.36 |
| Woodie | 63.50 | 65.16 | 69.62 | 71.28 | 75.74 | 77.40 | 81.86 |
| Fibonacci | 64.69 | 67.03 | 68.47 | 70.81 | 73.15 | 74.59 | 76.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.14 | 63.22 | 68.12 | 71.20 | 76.10 | 79.18 | 84.08 |
| Camarilla | 70.82 | 71.55 | 72.28 | 73.01 | 73.74 | 74.47 | 75.21 |
| Woodie | 61.04 | 63.68 | 69.02 | 71.66 | 77.00 | 79.64 | 84.98 |
| Fibonacci | 63.22 | 66.27 | 68.16 | 71.20 | 74.25 | 76.14 | 79.18 |
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): | 56.20 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.98 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 72.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.29 | |
| Elder Ray (13): | 0.52 | |
| Super Trend (3,10): | 70.11 | |
| Zig ZAG (10): | 72.96 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 70.65 | |
| TEMA (21): | 72.05 | |
| Williams %R (14): | -20.30 | |
| Chande Momentum Oscillator (20): | 1.69 | |
| Repulse (5,40,3): | 1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.48 |
| MA7: | 72.29 | |
| MA20: | 70.02 | |
| MA50: | 69.04 | |
| MA100: | 70.84 | |
| MAexp7: | 72.44 | |
| MAexp20: | 72.34 | |
| MAexp50: | 71.85 | |
| MAexp100: | 70.92 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +4.54% | |
| Price / MA50: | +6.03% | |
| Price / MA100: | +3.33% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +1.19% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +3.21% |
Quotes :
-
15 min delayed data
-
Actions NASDAQ
News
The latest news and videos published on DIODES INC. at the time of the analysis were as follows:
- ROHM’s New Schottky Barrier Diodes Achieve Class-Leading Reverse Recovery Time with 100V Breakdown Voltage by Adopting a Trench MOS Structure that Significantly Improves VF-IR Trade-Off
- Diodes Incorporated to Participate at Upcoming Financial Conferences
- Diodes Incorporated Reports Second Quarter Fiscal 2023 Financial Results
- Diodes Incorporated to Announce Second Quarter 2023 Financial Results on August 8
- High-Precision Automotive-Compliant Op Amp from Diodes Incorporated Features Input Offset Stabilization