CENNTRO INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CENN
ISIN:

CENNTRO INC. - 1H - Technical analysis published on 05/18/2021 (GMT)

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Timeframe : 1H
- 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: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.554 USD

My targets

0.609 USD (+1.33%)

0.640 USD (+6.49%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NAKED BRAND GROUP. This is a positive signal for buyers. As long as the price remains above 0.554 USD, a purchase could be considered. The first bullish objective is located at 0.609 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.640 USD as an objective. Crossing it would then enable buyers to target 0.679 USD. In the event of a return below 0.554 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.6

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 0.601 USD. On the day, this instrument gained +5.07% and was between 0.572 USD and 0.609 USD. This implies that the price is at +5.07% from its lowest and at -1.31% from its highest.

0.572

0.609

0.601

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

Technical analysis of NAKED BRAND GROUP in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.478	0.517	0.554	0.601	0.609	0.640	0.679
Change (%)	-20.47%	-13.98%	-7.82%	-	+1.33%	+6.49%	+12.98%
Change	-0.123	-0.084	-0.047	-	+0.008	+0.039	+0.078
Level	Major	Minor	Intermediate	-	Intermediate	Minor	Minor

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	0.516	0.534	0.553	0.571	0.590	0.608	0.627
Camarilla	0.562	0.565	0.569	0.572	0.575	0.579	0.582
Woodie	0.517	0.534	0.554	0.571	0.591	0.608	0.628
Fibonacci	0.534	0.548	0.557	0.571	0.585	0.594	0.608

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.354	0.414	0.490	0.550	0.626	0.686	0.762
Camarilla	0.530	0.542	0.555	0.567	0.580	0.592	0.604
Woodie	0.363	0.418	0.499	0.554	0.635	0.690	0.771
Fibonacci	0.414	0.466	0.498	0.550	0.602	0.634	0.686

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.04
MACD (12,26,9):	0.0140
Directional Movement:	14.661
AROON (14):	50.000
DEMA (21):	0.590
Parabolic SAR (0,02-0,02-0,2):	0.546
Elder Ray (13):	0.016
Super Trend (3,10):	0.535
Zig ZAG (10):	0.605
VORTEX (21):	1.1680
Stochastique (14,3,5):	78.51
TEMA (21):	0.601
Williams %R (14):	-8.83
Chande Momentum Oscillator (20):	0.035
Repulse (5,40,3):	2.2570
ROCnROLL:	1
TRIX (15,9):	0.3220
Courbe Coppock:	10.81

MA7:	0.555
MA20:	0.590
MA50:	0.687
MA100:	0.757
MAexp7:	0.579
MAexp20:	0.572
MAexp50:	0.561
MAexp100:	0.569
Price / MA7:	+8.29%
Price / MA20:	+1.86%
Price / MA50:	-12.52%
Price / MA100:	-20.61%
Price / MAexp7:	+3.80%
Price / MAexp20:	+5.07%
Price / MAexp50:	+7.13%
Price / MAexp100:	+5.62%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on NAKED BRAND GROUP. At the time of publication of this analysis, the latest news was as follows:

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

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