ARTELO BIOSCIENCES INC. - Daily - Technical analysis published on 02/09/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.37 USD
My targets
1.52 USD (+7.04%)
1.62 USD (+14.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARTELO BIOSCIENCES INC. as long as the price remains well above 1.37 USD. The buyers” bullish objective is set at 1.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.62 USD. If there is any crossing, the next objective would be the resistance located at 2.52 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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This analysis was given by 3ba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARTELO BIOSCIENCES INC. price is 1.42 USD. The price registered an increase of +10.94% on the session with the lowest point at 1.32 USD and the highest point at 1.57 USD. The deviation from the price is +7.58% for the low point and -9.55% for the high point.1.32
1.57
1.42
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ARTELO BIOSCIENCES INC. in Daily shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.25 | 1.37 | 1.42 | 1.52 | 1.62 | 2.52 |
| Change (%) | -23.94% | -11.97% | -3.52% | - | +7.04% | +14.08% | +77.46% |
| Change | -0.34 | -0.17 | -0.05 | - | +0.10 | +0.20 | +1.10 |
| Level | Major | Major | Intermediate | - | Minor | Major | 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 | 1.00 | 1.09 | 1.19 | 1.28 | 1.38 | 1.47 | 1.57 |
| Camarilla | 1.23 | 1.25 | 1.26 | 1.28 | 1.30 | 1.32 | 1.33 |
| Woodie | 1.00 | 1.09 | 1.19 | 1.28 | 1.38 | 1.47 | 1.57 |
| Fibonacci | 1.09 | 1.17 | 1.21 | 1.28 | 1.36 | 1.40 | 1.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.08 | 0.52 | 0.85 | 1.28 | 1.62 | 2.05 | 2.39 |
| Camarilla | 0.97 | 1.04 | 1.11 | 1.18 | 1.25 | 1.32 | 1.39 |
| Woodie | 0.03 | 0.49 | 0.80 | 1.26 | 1.56 | 2.03 | 2.33 |
| Fibonacci | 0.52 | 0.81 | 0.99 | 1.28 | 1.58 | 1.76 | 2.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.23 | 0.49 | 0.72 | 0.98 | 1.22 | 1.48 | 1.71 |
| Camarilla | 0.82 | 0.87 | 0.91 | 0.96 | 1.00 | 1.05 | 1.09 |
| Woodie | 0.22 | 0.48 | 0.71 | 0.98 | 1.21 | 1.47 | 1.70 |
| Fibonacci | 0.49 | 0.68 | 0.79 | 0.98 | 1.17 | 1.29 | 1.48 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.28 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 38.58 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.96 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 0.96 | |
| Zig ZAG (10): | 1.40 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 48.21 | |
| TEMA (21): | 1.30 | |
| Williams %R (14): | -38.69 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -6.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.6900 | |
| Courbe Coppock: | 43.01 |
| MA7: | 1.24 | |
| MA20: | 1.09 | |
| MA50: | 0.85 | |
| MA100: | 0.76 | |
| MAexp7: | 1.24 | |
| MAexp20: | 1.10 | |
| MAexp50: | 0.93 | |
| MAexp100: | 0.88 | |
| Price / MA7: | +14.52% | |
| Price / MA20: | +30.28% | |
| Price / MA50: | +67.06% | |
| Price / MA100: | +86.84% | |
| Price / MAexp7: | +14.52% | |
| Price / MAexp20: | +29.09% | |
| Price / MAexp50: | +52.69% | |
| Price / MAexp100: | +61.36% |
Quotes :
2021-02-09 20:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on ARTELO BIOSCIENCES INC.. At the time of publication of this analysis, the latest news was as follows:
- Artelo Biosciences to Present at the Virtual Fall Investor Summit on November 18th
- Artelo Biosciences to Present at The LD 500 Virtual Investor Conference on September 1st
- Artelo Biosciences to Present at the Spring Investor Summit on March 25th
- Artelo Biosciences to Present at the Spring Investor Summit on March 25th
This member declared not having a position on this financial instrument or a related financial instrument.
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