IEXEC - RLC/USD - 1H - Technical analysis published on 01/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.89 USD
My targets
1.95 USD (+1.56%)
2.12 USD (+10.57%)
My analysis
The bullish trend is currently very strong on IEXEC - RLC/USD. As long as the price remains above the support at 1.89 USD, you could try to benefit from the boom. The first bullish objective is located at 1.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.12 USD as an objective. Crossing it would then enable buyers to target 2.25 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IEXEC - RLC/USD price is 1.92 USD. On the day, this instrument gained +3.78% and was traded between 1.83 USD and 1.97 USD over the period. The price is currently at +4.92% from its lowest and -2.54% from its highest.1.83
1.97
1.92
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this IEXEC - RLC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Long white line
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.55 | 1.72 | 1.81 | 1.92 | 1.95 | 2.25 | 3.40 |
| Change (%) | -19.27% | -10.42% | -5.73% | - | +1.56% | +17.19% | +77.08% |
| Change | -0.37 | -0.20 | -0.11 | - | +0.03 | +0.33 | +1.48 |
| Level | Major | Intermediate | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.42 | 1.63 | 2.02 | 2.23 | 2.62 | 2.83 |
| Camarilla | 1.69 | 1.74 | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 |
| Woodie | 0.95 | 1.38 | 1.55 | 1.98 | 2.15 | 2.58 | 2.75 |
| Fibonacci | 1.42 | 1.65 | 1.79 | 2.02 | 2.25 | 2.39 | 2.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.42 | 0.92 | 1.39 | 1.89 | 2.36 | 2.86 | 3.33 |
| Camarilla | 1.58 | 1.67 | 1.76 | 1.85 | 1.94 | 2.03 | 2.12 |
| Woodie | 0.40 | 0.91 | 1.37 | 1.88 | 2.34 | 2.85 | 3.31 |
| Fibonacci | 0.92 | 1.29 | 1.52 | 1.89 | 2.26 | 2.49 | 2.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.98 | 1.18 | 1.45 | 1.65 | 1.92 | 2.12 | 2.39 |
| Camarilla | 1.58 | 1.62 | 1.67 | 1.71 | 1.75 | 1.80 | 1.84 |
| Woodie | 1.01 | 1.20 | 1.48 | 1.67 | 1.95 | 2.14 | 2.42 |
| Fibonacci | 1.18 | 1.36 | 1.47 | 1.65 | 1.83 | 1.94 | 2.12 |
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): | 58.08 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 21.20 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 1.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.80 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.74 | |
| Zig ZAG (10): | 1.94 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 42.86 | |
| TEMA (21): | 1.88 | |
| Williams %R (14): | -53.57 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 2.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.08 |
| MA7: | 1.72 | |
| MA20: | 1.55 | |
| MA50: | 1.61 | |
| MA100: | 1.43 | |
| MAexp7: | 1.89 | |
| MAexp20: | 1.88 | |
| MAexp50: | 1.82 | |
| MAexp100: | 1.73 | |
| Price / MA7: | +11.63% | |
| Price / MA20: | +23.87% | |
| Price / MA50: | +19.25% | |
| Price / MA100: | +34.27% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +2.13% | |
| Price / MAexp50: | +5.49% | |
| Price / MAexp100: | +10.98% |
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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