XMONEY - UTK/USD - 1H - Technical analysis published on 06/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 0.089280 USD
My targets
0.087270 USD (-0.84%)
0.082577 USD (-6.17%)
My analysis
The bearish trend is currently very strong for UTRUST - UTK/USD. As long as the price remains below the resistance at 0.089280 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.087270 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.082577 USD as an objective. Crossing it would then enable sellers to target 0.074650 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UTRUST - UTK/USD rating 0.088010 USD. On the day, this instrument lost -1.08% and was traded between 0.088000 USD and 0.090000 USD over the period. The price is currently at +0.01% from its lowest and -2.21% from its highest.0.088000
0.090000
0.088010
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this UTRUST - UTK/USD chart shows a sharp 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.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.074650 | 0.087270 | 0.088010 | 0.089280 | 0.091740 | 0.093778 |
| Change (%) | -15.18% | -0.84% | - | +1.44% | +4.24% | +6.55% |
| Change | -0.013360 | -0.000740 | - | +0.001270 | +0.003730 | +0.005768 |
| Level | Intermediate | 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 | 0.085157 | 0.087063 | 0.088017 | 0.089923 | 0.090877 | 0.092783 | 0.093737 |
| Camarilla | 0.088184 | 0.088446 | 0.088708 | 0.088970 | 0.089232 | 0.089494 | 0.089757 |
| Woodie | 0.084680 | 0.086825 | 0.087540 | 0.089685 | 0.090400 | 0.092545 | 0.093260 |
| Fibonacci | 0.087063 | 0.088156 | 0.088831 | 0.089923 | 0.091016 | 0.091691 | 0.092783 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.077883 | 0.082577 | 0.085923 | 0.090617 | 0.093963 | 0.098657 | 0.102003 |
| Camarilla | 0.087059 | 0.087796 | 0.088533 | 0.089270 | 0.090007 | 0.090744 | 0.091481 |
| Woodie | 0.077210 | 0.082240 | 0.085250 | 0.090280 | 0.093290 | 0.098320 | 0.101330 |
| Fibonacci | 0.082577 | 0.085648 | 0.087545 | 0.090617 | 0.093688 | 0.095585 | 0.098657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033030 | 0.058850 | 0.075860 | 0.101680 | 0.118690 | 0.144510 | 0.161520 |
| Camarilla | 0.081092 | 0.085018 | 0.088944 | 0.092870 | 0.096796 | 0.100722 | 0.104648 |
| Woodie | 0.028625 | 0.056648 | 0.071455 | 0.099478 | 0.114285 | 0.142308 | 0.157115 |
| Fibonacci | 0.058850 | 0.075211 | 0.085319 | 0.101680 | 0.118041 | 0.128149 | 0.144510 |
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): | 37.51 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -4.644536 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.088482 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.088977 | |
| Elder Ray (13): | -0.000652 | |
| Super Trend (3,10): | 0.089450 | |
| Zig ZAG (10): | 0.088000 | |
| VORTEX (21): | 0.7558 | |
| Stochastique (14,3,5): | 1.65 | |
| TEMA (21): | 0.088312 | |
| Williams %R (14): | -99.50 | |
| Chande Momentum Oscillator (20): | -0.000570 | |
| Repulse (5,40,3): | -0.1371 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0513 | |
| Courbe Coppock: | 0.99 |
| MA7: | 0.089983 | |
| MA20: | 0.099679 | |
| MA50: | 0.100676 | |
| MA100: | 0.103266 | |
| MAexp7: | 0.088516 | |
| MAexp20: | 0.088959 | |
| MAexp50: | 0.089481 | |
| MAexp100: | 0.089929 | |
| Price / MA7: | -2.19% | |
| Price / MA20: | -11.71% | |
| Price / MA50: | -12.58% | |
| Price / MA100: | -14.77% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -2.13% |
Quotes :
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Real time data
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This 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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