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 05/28/2021 (GMT)

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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

78%

17%

My opinion

Bullish above 0.647 USD

My targets

0.785 USD (+15.95%)

0.842 USD (+24.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NAKED BRAND GROUP as long as the price remains well above 0.647 USD. The buyers' bullish objective is set at 0.785 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.842 USD. If there is any crossing, the next objective would be the resistance located at 1.030 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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

The NAKED BRAND GROUP rating is 0.677 USD. On the day, this instrument gained +17.94% and was between 0.652 USD and 0.742 USD. This implies that the price is at +3.83% from its lowest and at -8.76% from its highest.

0.652

0.742

0.677

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:

Technical

Technical analysis of this 1H chart of NAKED BRAND GROUP indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.528	0.555	0.600	0.677	0.679	0.785	1.030
Change (%)	-22.01%	-18.02%	-11.37%	-	+0.30%	+15.95%	+52.14%
Change	-0.149	-0.122	-0.077	-	+0.002	+0.108	+0.353
Level	Minor	Minor	Major	-	Minor	Major	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	0.511	0.532	0.553	0.574	0.595	0.616	0.637
Camarilla	0.563	0.566	0.570	0.574	0.578	0.582	0.586
Woodie	0.511	0.532	0.553	0.574	0.595	0.616	0.637
Fibonacci	0.532	0.548	0.558	0.574	0.590	0.600	0.616

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.407	0.467	0.497	0.557	0.587	0.647	0.677
Camarilla	0.503	0.512	0.520	0.528	0.536	0.545	0.553
Woodie	0.393	0.460	0.483	0.550	0.573	0.640	0.663
Fibonacci	0.467	0.501	0.522	0.557	0.591	0.612	0.647

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):	79.63
MACD (12,26,9):	0.0300
Directional Movement:	49.112
AROON (14):	100.000
DEMA (21):	0.614
Parabolic SAR (0,02-0,02-0,2):	0.562
Elder Ray (13):	0.104
Super Trend (3,10):	0.598
Zig ZAG (10):	0.674
VORTEX (21):	1.1070
Stochastique (14,3,5):	59.15
TEMA (21):	0.579
Williams %R (14):	-42.08
Chande Momentum Oscillator (20):	0.018
Repulse (5,40,3):	1.3620
ROCnROLL:	1
TRIX (15,9):	0.2420
Courbe Coppock:	14.06

MA7:	0.545
MA20:	0.566
MA50:	0.622
MA100:	0.784
MAexp7:	0.569
MAexp20:	0.588
MAexp50:	0.563
MAexp100:	0.560
Price / MA7:	+24.22%
Price / MA20:	+19.61%
Price / MA50:	+8.84%
Price / MA100:	-13.65%
Price / MAexp7:	+19.16%
Price / MAexp20:	+15.31%
Price / MAexp50:	+20.43%
Price / MAexp100:	+21.07%

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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