HEXO CORP. - Daily - Technical analysis published on 06/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
HEXO CORP. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.88 USD
My targets
1.13 USD (+3.76%)
1.37 USD (+25.87%)
My analysis
HEXO CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.88 USD. The next resistance located at 1.13 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.37 USD. After this resistance, buyers could then target 1.54 USD.
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
6.3
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This analysis was given by BogdanFl.
Additional analysis
Quotes
The HEXO CORP. rating is 1.09 USD. The price registered a decrease of -8.40% on the session with the lowest point at 1.05 USD and the highest point at 1.29 USD. The deviation from the price is +3.81% for the low point and -15.50% for the high point.1.05
1.29
1.09
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of HEXO CORP. indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.36 | 0.74 | 1.09 | 1.54 | 2.36 | 3.14 |
| Change (%) | -66.61% | -32.20% | - | +41.56% | +116.24% | +188.07% |
| Change | -0.73 | -0.35 | - | +0.45 | +1.27 | +2.05 |
| Level | Intermediate | Major | - | Intermediate | 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 | 0.64 | 0.75 | 0.97 | 1.08 | 1.30 | 1.41 | 1.63 |
| Camarilla | 1.10 | 1.13 | 1.16 | 1.19 | 1.22 | 1.25 | 1.28 |
| Woodie | 0.70 | 0.78 | 1.03 | 1.11 | 1.36 | 1.44 | 1.69 |
| Fibonacci | 0.75 | 0.88 | 0.95 | 1.08 | 1.21 | 1.28 | 1.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 0.58 | 0.70 | 0.76 | 0.88 | 0.94 | 1.06 |
| Camarilla | 0.76 | 0.77 | 0.79 | 0.81 | 0.82 | 0.84 | 0.86 |
| Woodie | 0.54 | 0.59 | 0.72 | 0.77 | 0.90 | 0.95 | 1.08 |
| Fibonacci | 0.58 | 0.65 | 0.69 | 0.76 | 0.83 | 0.87 | 0.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.10 | 0.15 | 0.39 | 0.64 | 0.88 | 1.13 | 1.37 |
| Camarilla | 0.50 | 0.54 | 0.59 | 0.63 | 0.68 | 0.72 | 0.77 |
| Woodie | -0.10 | 0.15 | 0.39 | 0.64 | 0.88 | 1.13 | 1.37 |
| Fibonacci | 0.15 | 0.34 | 0.45 | 0.64 | 0.83 | 0.94 | 1.13 |
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): | 69.67 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 44.36 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 0.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.64 | |
| Elder Ray (13): | 0.38 | |
| Super Trend (3,10): | 0.78 | |
| Zig ZAG (10): | 1.09 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 85.05 | |
| TEMA (21): | 0.95 | |
| Williams %R (14): | -24.69 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | 8.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2700 | |
| Courbe Coppock: | 119.01 |
| MA7: | 0.84 | |
| MA20: | 0.67 | |
| MA50: | 0.60 | |
| MA100: | 0.88 | |
| MAexp7: | 0.89 | |
| MAexp20: | 0.73 | |
| MAexp50: | 0.71 | |
| MAexp100: | 1.00 | |
| Price / MA7: | +29.76% | |
| Price / MA20: | +62.69% | |
| Price / MA50: | +81.67% | |
| Price / MA100: | +23.86% | |
| Price / MAexp7: | +22.47% | |
| Price / MAexp20: | +49.32% | |
| Price / MAexp50: | +53.52% | |
| Price / MAexp100: | +9.00% |
Quotes :
2020-06-09 19:59:59
-
15 min delayed data
-
NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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