CENNTRO INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CENN
ISIN:

CENNTRO INC. - 15 min. - Technical analysis published on 05/13/2021 (GMT)

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Timeframe : 15 min.
- 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

Short term: Bullish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.644 USD

My targets

0.586 USD (-1.63%)

0.559 USD (-6.26%)

My analysis

In a bearish trend, the price of NAKED BRAND GROUP tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.644 USD. A bearish break in the support located at 0.586 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.559 USD. Then 0.508 USD by extension. It would be safer to wait for a bearish break in the support located at 0.586 USD before allowing yourself to re trade short positions (for sale) on NAKED BRAND GROUP. PS: if there is a bullish break in the resistance located at 0.644 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.3

Comment on the analysis

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

NAKED BRAND GROUP rating 0.596 USD. The price registered an increase of +18.49% on the session and was traded between 0.473 USD and 0.609 USD over the period. The price is currently at +26.00% from its lowest and -2.13% from its highest.

0.473

0.609

0.596

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 15 min. of this NAKED BRAND GROUP chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 15 minutes

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.478	0.545	0.583	0.596	0.640	0.733	0.769
Change (%)	-19.80%	-8.56%	-2.18%	-	+7.38%	+22.99%	+29.03%
Change	-0.118	-0.051	-0.013	-	+0.044	+0.137	+0.173
Level	Major	Minor	Minor	-	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	0.372	0.423	0.508	0.559	0.644	0.695	0.780
Camarilla	0.557	0.569	0.582	0.594	0.607	0.619	0.631
Woodie	0.390	0.432	0.526	0.568	0.662	0.704	0.798
Fibonacci	0.423	0.475	0.507	0.559	0.611	0.643	0.695

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.286	0.401	0.471	0.586	0.656	0.771	0.841
Camarilla	0.489	0.506	0.523	0.540	0.557	0.574	0.591
Woodie	0.263	0.390	0.448	0.575	0.633	0.760	0.818
Fibonacci	0.401	0.472	0.516	0.586	0.657	0.701	0.771

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.198	0.330	0.520	0.652	0.842	0.974	1.164
Camarilla	0.621	0.650	0.680	0.709	0.739	0.768	0.798
Woodie	0.226	0.345	0.548	0.667	0.870	0.989	1.192
Fibonacci	0.330	0.453	0.529	0.652	0.775	0.851	0.974

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):	33.55
MACD (12,26,9):	-0.0060
Directional Movement:	-15.690
AROON (14):	-71.428
DEMA (21):	0.499
Parabolic SAR (0,02-0,02-0,2):	0.503
Elder Ray (13):	-0.006
Super Trend (3,10):	0.516
Zig ZAG (10):	0.499
VORTEX (21):	0.8680
Stochastique (14,3,5):	12.00
TEMA (21):	0.497
Williams %R (14):	-84.41
Chande Momentum Oscillator (20):	-0.011
Repulse (5,40,3):	-0.4650
ROCnROLL:	2
TRIX (15,9):	-0.1660
Courbe Coppock:	3.58

MA7:	0.542
MA20:	0.577
MA50:	0.715
MA100:	0.741
MAexp7:	0.501
MAexp20:	0.507
MAexp50:	0.516
MAexp100:	0.529
Price / MA7:	+9.96%
Price / MA20:	+3.29%
Price / MA50:	-16.64%
Price / MA100:	-19.57%
Price / MAexp7:	+18.56%
Price / MAexp20:	+17.16%
Price / MAexp50:	+15.12%
Price / MAexp100:	+12.29%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on NAKED BRAND GROUP at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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