HEXO CORP. - Weekly - Technical analysis published on 02/22/2023 (GMT)
- 84
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
HEXO CORP. Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.92 USD
My targets
1.46 USD (-11.70%)
1.13 USD (-31.33%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HEXO CORP. as long as the price remains well below 1.92 USD. The sellers' bearish objective is set at 1.46 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.13 USD. In case of crossing, the next objective would be the support located at 0.92 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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.
This analysis was given by domdufour.
Additional analysis
Quotes
The HEXO CORP. rating is 1.65 USD. The price is up - over 5 days with the lowest point at - USD and the highest point at - USD. The deviation from the price is - for the low point and - for the high point.-
-
1.65
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HEXO CORP. in Weekly shows a overall strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.92 | 1.65 | 69.88 | 143.73 | 276.64 |
| Change (%) | -44.24% | - | +4,135.15% | +8,610.91% | +16,666.06% |
| Change | -0.73 | - | +68.23 | +142.08 | +274.99 |
| Level | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.46 | 1.51 | 1.55 | 1.60 | 1.64 | 1.69 | 1.73 |
| Camarilla | 1.58 | 1.58 | 1.59 | 1.60 | 1.61 | 1.62 | 1.63 |
| Woodie | 1.47 | 1.51 | 1.56 | 1.60 | 1.65 | 1.69 | 1.74 |
| Fibonacci | 1.51 | 1.54 | 1.56 | 1.60 | 1.63 | 1.65 | 1.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.94 | 1.13 | 1.40 | 1.59 | 1.86 | 2.05 | 2.32 |
| Camarilla | 1.54 | 1.59 | 1.63 | 1.67 | 1.71 | 1.75 | 1.80 |
| Woodie | 0.98 | 1.15 | 1.44 | 1.61 | 1.90 | 2.07 | 2.36 |
| Fibonacci | 1.13 | 1.31 | 1.41 | 1.59 | 1.77 | 1.87 | 2.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.34 | 0.67 | 1.13 | 1.46 | 1.92 | 2.25 | 2.71 |
| Camarilla | 1.38 | 1.46 | 1.53 | 1.60 | 1.67 | 1.75 | 1.82 |
| Woodie | 0.42 | 0.70 | 1.21 | 1.49 | 2.00 | 2.28 | 2.79 |
| Fibonacci | 0.67 | 0.97 | 1.16 | 1.46 | 1.76 | 1.95 | 2.25 |
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): | 36.60 | |
| MACD (12,26,9): | -0.7200 | |
| Directional Movement: | -6.10 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 0.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.92 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 2.44 | |
| Zig ZAG (10): | 1.63 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 38.40 | |
| TEMA (21): | 1.99 | |
| Williams %R (14): | -57.23 | |
| Chande Momentum Oscillator (20): | -0.96 | |
| Repulse (5,40,3): | 13.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -3.4800 | |
| Courbe Coppock: | 77.47 |
| MA7: | 1.57 | |
| MA20: | 1.59 | |
| MA50: | 1.46 | |
| MA100: | 1.97 | |
| MAexp7: | 1.59 | |
| MAexp20: | 1.97 | |
| MAexp50: | 6.66 | |
| MAexp100: | 26.81 | |
| Price / MA7: | +5.10% | |
| Price / MA20: | +3.77% | |
| Price / MA50: | +13.01% | |
| Price / MA100: | -16.24% | |
| Price / MAexp7: | +3.77% | |
| Price / MAexp20: | -16.24% | |
| Price / MAexp50: | -75.23% | |
| Price / MAexp100: | -93.85% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis HEXO CORP. - Weekly