CENNTRO INC. - 1H - Technical analysis published on 05/03/2021 (GMT)
- 94
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.688 USD
My targets
0.730 USD (+4.29%)
0.769 USD (+9.86%)
My analysis
The bullish trend is currently very strong on NAKED BRAND GROUP. As long as the price remains above the support at 0.688 USD, you could try to benefit from the boom. The first bullish objective is located at 0.730 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.769 USD as an objective. Crossing it would then enable buyers to target 0.824 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
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NAKED BRAND GROUP price is 0.700 USD. On the day, this instrument lost -1.27% with the lowest point at 0.690 USD and the highest point at 0.702 USD. The deviation from the price is +1.45% for the low point and -0.28% for the high point.0.690
0.702
0.700
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this NAKED BRAND GROUP chart shows a strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.527 | 0.583 | 0.688 | 0.700 | 0.730 | 0.769 | 0.824 |
Change (%) | -24.71% | -16.71% | -1.71% | - | +4.29% | +9.86% | +17.71% |
Change | -0.173 | -0.117 | -0.012 | - | +0.030 | +0.069 | +0.124 |
Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.583 | 0.633 | 0.669 | 0.719 | 0.755 | 0.805 | 0.841 |
Camarilla | 0.682 | 0.690 | 0.698 | 0.706 | 0.714 | 0.722 | 0.730 |
Woodie | 0.577 | 0.630 | 0.663 | 0.716 | 0.749 | 0.802 | 0.835 |
Fibonacci | 0.633 | 0.666 | 0.686 | 0.719 | 0.752 | 0.772 | 0.805 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.427 | 0.515 | 0.610 | 0.698 | 0.793 | 0.881 | 0.976 |
Camarilla | 0.656 | 0.673 | 0.689 | 0.706 | 0.723 | 0.740 | 0.756 |
Woodie | 0.432 | 0.517 | 0.615 | 0.700 | 0.798 | 0.883 | 0.981 |
Fibonacci | 0.515 | 0.585 | 0.628 | 0.698 | 0.768 | 0.811 | 0.881 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.196 | 0.329 | 0.518 | 0.651 | 0.840 | 0.973 | 1.162 |
Camarilla | 0.618 | 0.647 | 0.677 | 0.706 | 0.736 | 0.765 | 0.795 |
Woodie | 0.223 | 0.343 | 0.545 | 0.665 | 0.867 | 0.987 | 1.189 |
Fibonacci | 0.329 | 0.452 | 0.528 | 0.651 | 0.774 | 0.850 | 0.973 |
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): | 56.77 | |
MACD (12,26,9): | 0.0240 | |
Directional Movement: | 19.085 | |
AROON (14): | 50.000 | |
DEMA (21): | 0.712 | |
Parabolic SAR (0,02-0,02-0,2): | 0.635 | |
Elder Ray (13): | 0.020 | |
Super Trend (3,10): | 0.617 | |
Zig ZAG (10): | 0.706 | |
VORTEX (21): | 0.9980 | |
Stochastique (14,3,5): | 69.34 | |
TEMA (21): | 0.719 | |
Williams %R (14): | -37.36 | |
Chande Momentum Oscillator (20): | 0.085 | |
Repulse (5,40,3): | -3.0840 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.3960 | |
Courbe Coppock: | 22.17 |
MA7: | 0.641 | |
MA20: | 0.602 | |
MA50: | 0.806 | |
MA100: | 0.711 | |
MAexp7: | 0.710 | |
MAexp20: | 0.682 | |
MAexp50: | 0.645 | |
MAexp100: | 0.630 | |
Price / MA7: | +9.20% | |
Price / MA20: | +16.28% | |
Price / MA50: | -13.15% | |
Price / MA100: | -1.55% | |
Price / MAexp7: | -1.41% | |
Price / MAexp20: | +2.64% | |
Price / MAexp50: | +8.53% | |
Price / MAexp100: | +11.11% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on NAKED BRAND GROUP at the time of the generation of this analysis was as follows:
- Naked Brand Group Limited - NAKD Stock Chart Technical Analysis for 04-30-2021
- Naked Brand Group Announces Final Results of Extraordinary General Meeting and Closing of Bendon Divestiture
- Naked Brand Group Limited - NAKD Stock Chart Technical Analysis for 04-29-2021
- Naked Brand Group Limited Receives NASDAQ Notice of Minimum Bid Price Non-Compliance
- Naked Brand Group Limited - NAKD Stock Chart Technical Analysis for 04-28-2021
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…
Add a comment
Comments
0 comments on the analysis CENNTRO INC. - 1H