TRIP.COM GROUP LTD. - 1H - Technical analysis published on 12/26/2023 (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
56%
6%
39%
My opinion
Bullish above 33.68 USD
My targets
35.29 USD (+2.65%)
35.69 USD (+3.81%)
My analysis
The bullish trend is currently very strong on TRIP.COM GROUP LTD.. As long as the price remains above the support at 33.68 USD, you could try to benefit from the boom. The first bullish objective is located at 35.29 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.69 USD as an objective. Crossing it would then enable buyers to target 36.60 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
7.7
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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 34.38 USD. On the day, this instrument lost -0.06% with the lowest point at 34.14 USD and the highest point at 34.52 USD. The deviation from the price is +0.70% for the low point and -0.41% for the high point.34.14
34.52
34.38
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TRIP.COM GROUP LTD. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
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 | 32.77 | 33.68 | 34.35 | 34.38 | 35.29 | 35.69 | 36.60 |
Change (%) | -4.68% | -2.04% | -0.09% | - | +2.65% | +3.81% | +6.46% |
Change | -1.61 | -0.70 | -0.03 | - | +0.91 | +1.31 | +2.22 |
Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 33.10 | 33.39 | 33.89 | 34.18 | 34.68 | 34.97 | 35.47 |
Camarilla | 34.18 | 34.26 | 34.33 | 34.40 | 34.47 | 34.55 | 34.62 |
Woodie | 33.22 | 33.44 | 34.01 | 34.23 | 34.80 | 35.02 | 35.59 |
Fibonacci | 33.39 | 33.69 | 33.88 | 34.18 | 34.48 | 34.67 | 34.97 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 32.20 | 32.77 | 33.58 | 34.15 | 34.96 | 35.53 | 36.34 |
Camarilla | 34.02 | 34.15 | 34.27 | 34.40 | 34.53 | 34.65 | 34.78 |
Woodie | 32.33 | 32.83 | 33.71 | 34.21 | 35.09 | 35.59 | 36.47 |
Fibonacci | 32.77 | 33.29 | 33.62 | 34.15 | 34.67 | 35.00 | 35.53 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 27.09 | 29.32 | 32.25 | 34.48 | 37.41 | 39.64 | 42.57 |
Camarilla | 33.76 | 34.23 | 34.71 | 35.18 | 35.65 | 36.13 | 36.60 |
Woodie | 27.44 | 29.50 | 32.60 | 34.66 | 37.76 | 39.82 | 42.92 |
Fibonacci | 29.32 | 31.29 | 32.51 | 34.48 | 36.45 | 37.67 | 39.64 |
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): | 58.40 | |
MACD (12,26,9): | 0.1400 | |
Directional Movement: | -9.01 | |
AROON (14): | -7.15 | |
DEMA (21): | 34.44 | |
Parabolic SAR (0,02-0,02-0,2): | 34.57 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 33.82 | |
Zig ZAG (10): | 34.38 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 71.47 | |
TEMA (21): | 34.47 | |
Williams %R (14): | -29.33 | |
Chande Momentum Oscillator (20): | 0.23 | |
Repulse (5,40,3): | 0.7100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 2.30 |
MA7: | 34.08 | |
MA20: | 33.87 | |
MA50: | 34.12 | |
MA100: | 35.57 | |
MAexp7: | 34.39 | |
MAexp20: | 34.26 | |
MAexp50: | 34.03 | |
MAexp100: | 33.93 | |
Price / MA7: | +0.88% | |
Price / MA20: | +1.51% | |
Price / MA50: | +0.76% | |
Price / MA100: | -3.35% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | +0.35% | |
Price / MAexp50: | +1.03% | |
Price / MAexp100: | +1.33% |
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.
About author
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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