SQUIRREL MEDIA - Daily - Technical analysis published on 08/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 3.20 EUR
My targets
2.70 EUR (-9.09%)
2.32 EUR (-21.89%)
My analysis
SQUIRREL MEDIA is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.20 EUR. The next support located at 2.70 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.32 EUR. Below this support, sellers could then target 1.90 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The SQUIRREL MEDIA price is 2.97 EUR. The price registered a decrease of -1.66% on the session and was between 2.96 EUR and 3.04 EUR. This implies that the price is at +0.34% from its lowest and at -2.30% from its highest.2.96
3.04
2.97
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SQUIRREL MEDIA indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.90 | 2.32 | 2.70 | 2.97 | 3.01 | 3.20 | 3.55 |
| Change (%) | -36.03% | -21.89% | -9.09% | - | +1.35% | +7.74% | +19.53% |
| Change | -1.07 | -0.65 | -0.27 | - | +0.04 | +0.23 | +0.58 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
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 | 2.92 | 2.94 | 2.98 | 3.00 | 3.04 | 3.06 | 3.10 |
| Camarilla | 3.00 | 3.01 | 3.02 | 3.02 | 3.03 | 3.03 | 3.04 |
| Woodie | 2.93 | 2.95 | 2.99 | 3.01 | 3.05 | 3.07 | 3.11 |
| Fibonacci | 2.94 | 2.96 | 2.98 | 3.00 | 3.02 | 3.04 | 3.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.70 | 2.81 | 2.92 | 3.03 | 3.14 | 3.25 | 3.36 |
| Camarilla | 2.97 | 2.99 | 3.01 | 3.03 | 3.05 | 3.07 | 3.09 |
| Woodie | 2.70 | 2.81 | 2.92 | 3.03 | 3.14 | 3.25 | 3.36 |
| Fibonacci | 2.81 | 2.89 | 2.95 | 3.03 | 3.11 | 3.17 | 3.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.53 | 2.70 | 2.92 | 3.09 | 3.31 | 3.48 | 3.70 |
| Camarilla | 3.04 | 3.08 | 3.11 | 3.15 | 3.19 | 3.22 | 3.26 |
| Woodie | 2.57 | 2.71 | 2.96 | 3.10 | 3.35 | 3.49 | 3.74 |
| Fibonacci | 2.70 | 2.85 | 2.94 | 3.09 | 3.24 | 3.33 | 3.48 |
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): | 34.04 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -9.85 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 3.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.14 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 3.22 | |
| Zig ZAG (10): | 2.97 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 37.88 | |
| TEMA (21): | 3.01 | |
| Williams %R (14): | -77.27 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -2.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 3.45 |
| MA7: | 3.02 | |
| MA20: | 3.05 | |
| MA50: | 3.14 | |
| MA100: | 3.27 | |
| MAexp7: | 3.02 | |
| MAexp20: | 3.06 | |
| MAexp50: | 3.14 | |
| MAexp100: | 3.25 | |
| Price / MA7: | -1.66% | |
| Price / MA20: | -2.62% | |
| Price / MA50: | -5.41% | |
| Price / MA100: | -9.17% | |
| Price / MAexp7: | -1.66% | |
| Price / MAexp20: | -2.94% | |
| Price / MAexp50: | -5.41% | |
| Price / MAexp100: | -8.62% |
Quotes :
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15 min delayed data
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Spain Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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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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