TRIP.COM GROUP LTD. - 1H - Technical analysis published on 10/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 34.35 USD
My targets
32.71 USD (-1.00%)
31.21 USD (-5.54%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TRIP.COM GROUP LTD. as long as the price remains well below 34.35 USD. The next bearish objective for sellers is set at 32.71 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.21 USD. If there is any crossing, the next objective would be the support located at 26.08 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
4.1
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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 TRIP.COM GROUP LTD. rating is 33.04 USD. The price registered a decrease of -0.03% on the session and was between 32.49 USD and 33.06 USD. This implies that the price is at +1.69% from its lowest and at -0.06% from its highest.32.49
33.06
33.04
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.08 | 31.21 | 32.71 | 33.04 | 33.11 | 34.35 | 34.80 |
| Change (%) | -21.07% | -5.54% | -1.00% | - | +0.21% | +3.96% | +5.33% |
| Change | -6.96 | -1.83 | -0.33 | - | +0.07 | +1.31 | +1.76 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 31.79 | 32.13 | 32.59 | 32.93 | 33.39 | 33.73 | 34.19 |
| Camarilla | 32.83 | 32.90 | 32.98 | 33.05 | 33.12 | 33.20 | 33.27 |
| Woodie | 31.85 | 32.16 | 32.65 | 32.96 | 33.45 | 33.76 | 34.25 |
| Fibonacci | 32.13 | 32.44 | 32.62 | 32.93 | 33.24 | 33.42 | 33.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.46 | 31.68 | 32.36 | 33.58 | 34.26 | 35.48 | 36.16 |
| Camarilla | 32.52 | 32.69 | 32.87 | 33.04 | 33.21 | 33.39 | 33.56 |
| Woodie | 30.19 | 31.55 | 32.09 | 33.45 | 33.99 | 35.35 | 35.89 |
| Fibonacci | 31.68 | 32.41 | 32.85 | 33.58 | 34.31 | 34.75 | 35.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.60 | 30.64 | 32.81 | 36.85 | 39.02 | 43.06 | 45.23 |
| Camarilla | 33.26 | 33.83 | 34.40 | 34.97 | 35.54 | 36.11 | 36.68 |
| Woodie | 25.66 | 30.17 | 31.87 | 36.38 | 38.08 | 42.59 | 44.29 |
| Fibonacci | 30.64 | 33.02 | 34.48 | 36.85 | 39.23 | 40.69 | 43.06 |
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): | 45.80 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -19.67 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 32.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.27 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 33.42 | |
| Zig ZAG (10): | 32.97 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 66.25 | |
| TEMA (21): | 32.91 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 2.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.82 |
| MA7: | 33.24 | |
| MA20: | 33.98 | |
| MA50: | 36.29 | |
| MA100: | 36.42 | |
| MAexp7: | 32.99 | |
| MAexp20: | 33.05 | |
| MAexp50: | 33.31 | |
| MAexp100: | 33.75 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | -8.96% | |
| Price / MA100: | -9.28% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -2.10% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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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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