IEXEC - RLC/USD - 1H - Technical analysis published on 03/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 3.53 USD
My targets
3.94 USD (+2.60%)
4.08 USD (+6.25%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.53 USD remains possible. It is advisable to trade IEXEC - RLC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.53 USD. The next bullish objective for buyers is set at 3.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.08 USD. If there is any crossing, the next objective would be the resistance located at 4.26 USD. PS: if there is a bearish break in the support located at 3.53 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The IEXEC - RLC/USD rating is 3.84 USD. On the day, this instrument lost -0.26% and was between 3.84 USD and 3.97 USD. This implies that the price is at 0% from its lowest and at -3.27% from its highest.3.84
3.97
3.84
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of IEXEC - RLC/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are 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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.40 | 3.53 | 3.83 | 3.84 | 3.94 | 4.08 | 4.26 |
| Change (%) | -11.46% | -8.07% | -0.26% | - | +2.60% | +6.25% | +10.94% |
| Change | -0.44 | -0.31 | -0.01 | - | +0.10 | +0.24 | +0.42 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.58 | 3.67 | 3.76 | 3.85 | 3.94 | 4.03 | 4.12 |
| Camarilla | 3.80 | 3.82 | 3.83 | 3.85 | 3.87 | 3.88 | 3.90 |
| Woodie | 3.58 | 3.67 | 3.76 | 3.85 | 3.94 | 4.03 | 4.12 |
| Fibonacci | 3.67 | 3.74 | 3.78 | 3.85 | 3.92 | 3.96 | 4.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.60 | 2.45 | 3.02 | 3.87 | 4.44 | 5.29 | 5.86 |
| Camarilla | 3.20 | 3.33 | 3.46 | 3.59 | 3.72 | 3.85 | 3.98 |
| Woodie | 1.46 | 2.38 | 2.88 | 3.80 | 4.30 | 5.22 | 5.72 |
| Fibonacci | 2.45 | 2.99 | 3.33 | 3.87 | 4.41 | 4.75 | 5.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.34 | 1.21 | 2.64 | 3.51 | 4.94 | 5.81 | 7.24 |
| Camarilla | 3.44 | 3.65 | 3.86 | 4.07 | 4.28 | 4.49 | 4.70 |
| Woodie | 0.62 | 1.35 | 2.92 | 3.65 | 5.22 | 5.95 | 7.52 |
| Fibonacci | 1.21 | 2.09 | 2.63 | 3.51 | 4.39 | 4.93 | 5.81 |
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): | 46.29 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 1.43 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 3.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.96 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 3.80 | |
| Zig ZAG (10): | 3.84 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 7.69 | |
| TEMA (21): | 3.88 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -2.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.30 |
| MA7: | 3.78 | |
| MA20: | 3.95 | |
| MA50: | 3.51 | |
| MA100: | 2.67 | |
| MAexp7: | 3.87 | |
| MAexp20: | 3.88 | |
| MAexp50: | 3.83 | |
| MAexp100: | 3.79 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | -2.78% | |
| Price / MA50: | +9.40% | |
| Price / MA100: | +43.82% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +1.32% |
Quotes :
-
Real time data
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Cryptocompare
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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