TRIP.COM GROUP LTD. - 1H - Technical analysis published on 09/25/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 36.57 USD
My targets
34.35 USD (-4.08%)
32.48 USD (-9.30%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 36.57 USD remains possible. It is advisable to trade TRIP.COM GROUP LTD. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 36.57 USD. The next bearish objective for sellers is set at 34.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.48 USD. In case of crossing, the next objective would be the support located at 31.21 USD. PS: if there is a bullish break in the resistance located at 36.57 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TRIP.COM GROUP LTD. rating 35.81 USD. The price registered a decrease of -0.06% on the session and was between 35.00 USD and 35.83 USD. This implies that the price is at +2.31% from its lowest and at -0.06% from its highest.35.00
35.83
35.81
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRIP.COM GROUP LTD.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRIP.COM GROUP LTD. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.48 | 34.35 | 35.74 | 35.81 | 36.57 | 37.62 | 38.72 |
| Change (%) | -9.30% | -4.08% | -0.20% | - | +2.12% | +5.05% | +8.13% |
| Change | -3.33 | -1.46 | -0.07 | - | +0.76 | +1.81 | +2.91 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.56 | 35.18 | 35.50 | 36.12 | 36.44 | 37.06 | 37.38 |
| Camarilla | 35.57 | 35.66 | 35.74 | 35.83 | 35.92 | 36.00 | 36.09 |
| Woodie | 34.42 | 35.11 | 35.36 | 36.05 | 36.30 | 36.99 | 37.24 |
| Fibonacci | 35.18 | 35.54 | 35.76 | 36.12 | 36.48 | 36.70 | 37.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.46 | 34.30 | 35.06 | 35.90 | 36.66 | 37.50 | 38.26 |
| Camarilla | 35.39 | 35.54 | 35.68 | 35.83 | 35.98 | 36.12 | 36.27 |
| Woodie | 33.43 | 34.28 | 35.03 | 35.88 | 36.63 | 37.48 | 38.23 |
| Fibonacci | 34.30 | 34.91 | 35.29 | 35.90 | 36.51 | 36.89 | 37.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.45 | 33.14 | 36.22 | 39.91 | 42.99 | 46.68 | 49.76 |
| Camarilla | 37.45 | 38.07 | 38.69 | 39.31 | 39.93 | 40.55 | 41.17 |
| Woodie | 29.16 | 32.99 | 35.93 | 39.76 | 42.70 | 46.53 | 49.47 |
| Fibonacci | 33.14 | 35.72 | 37.32 | 39.91 | 42.49 | 44.09 | 46.68 |
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): | 49.58 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -10.52 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 35.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.66 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 35.39 | |
| Zig ZAG (10): | 35.80 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 41.52 | |
| TEMA (21): | 35.80 | |
| Williams %R (14): | -54.34 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 1.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.23 |
| MA7: | 35.84 | |
| MA20: | 37.07 | |
| MA50: | 38.14 | |
| MA100: | 36.23 | |
| MAexp7: | 35.80 | |
| MAexp20: | 35.81 | |
| MAexp50: | 35.95 | |
| MAexp100: | 36.48 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -3.40% | |
| Price / MA50: | -6.11% | |
| Price / MA100: | -1.16% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -1.84% |
Quotes :
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15 min delayed 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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