Londinia Opportunities Analyses - 10/31/2024 (GMT) PROSE. CASH - 1H
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EUR
(-)
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15 min delayed data - Spain Stocks
| Type: | Stocks |
| Ticker: | CASH |
| ISIN: | ES0105229001 |
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 0.540 EUR
My targets
0.522 EUR (-2.37%)
0.497 EUR (-7.10%)
My analysis
PROSE. CASH 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 0.540 EUR. The next support located at 0.522 EUR 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 0.497 EUR. Below this support, sellers could then target 0.470 EUR. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The PROSE. CASH rating is 0.535 EUR. The price registered a decrease of -2.73% on the session and was traded between 0.533 EUR and 0.567 EUR over the period. The price is currently at +0.38% from its lowest and -5.64% from its highest.0.533
0.567
0.535
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PROSE. CASH chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.450 | 0.470 | 0.497 | 0.535 | 0.540 | 0.556 | 0.568 |
| Change (%) | -15.89% | -12.15% | -7.10% | - | +0.93% | +3.93% | +6.17% |
| Change | -0.085 | -0.065 | -0.038 | - | +0.005 | +0.021 | +0.033 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.523 | 0.537 | 0.543 | 0.557 | 0.563 | 0.577 | 0.583 |
| Camarilla | 0.545 | 0.546 | 0.548 | 0.550 | 0.552 | 0.554 | 0.556 |
| Woodie | 0.520 | 0.535 | 0.540 | 0.555 | 0.560 | 0.575 | 0.580 |
| Fibonacci | 0.537 | 0.544 | 0.549 | 0.557 | 0.564 | 0.569 | 0.577 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.522 | 0.542 | 0.551 | 0.571 | 0.580 | 0.600 | 0.609 |
| Camarilla | 0.553 | 0.556 | 0.558 | 0.561 | 0.564 | 0.566 | 0.569 |
| Woodie | 0.518 | 0.539 | 0.547 | 0.568 | 0.576 | 0.597 | 0.605 |
| Fibonacci | 0.542 | 0.553 | 0.560 | 0.571 | 0.582 | 0.589 | 0.600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.447 | 0.479 | 0.527 | 0.559 | 0.607 | 0.639 | 0.687 |
| Camarilla | 0.552 | 0.559 | 0.567 | 0.574 | 0.581 | 0.589 | 0.596 |
| Woodie | 0.454 | 0.483 | 0.534 | 0.563 | 0.614 | 0.643 | 0.694 |
| Fibonacci | 0.479 | 0.510 | 0.529 | 0.559 | 0.590 | 0.609 | 0.639 |
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): | 32.22 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | -9.025 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 0.543 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.561 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 0.557 | |
| Zig ZAG (10): | 0.538 | |
| VORTEX (21): | 0.8070 | |
| Stochastique (14,3,5): | 22.92 | |
| TEMA (21): | 0.540 | |
| Williams %R (14): | -85.29 | |
| Chande Momentum Oscillator (20): | -0.022 | |
| Repulse (5,40,3): | -1.3920 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1150 | |
| Courbe Coppock: | 6.04 |
| MA7: | 0.558 | |
| MA20: | 0.571 | |
| MA50: | 0.553 | |
| MA100: | 0.535 | |
| MAexp7: | 0.543 | |
| MAexp20: | 0.551 | |
| MAexp50: | 0.559 | |
| MAexp100: | 0.564 | |
| Price / MA7: | -4.12% | |
| Price / MA20: | -6.30% | |
| Price / MA50: | -3.25% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | -1.47% | |
| Price / MAexp20: | -2.90% | |
| Price / MAexp50: | -4.29% | |
| Price / MAexp100: | -5.14% |
Quotes :
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15 min delayed data
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