BLOCK INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	XYZ
ISIN:

BLOCK INC. CLASS A - Daily - Technical analysis published on 02/25/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 129.75 USD

My targets

94.29 USD (-19.18%)

81.99 USD (-29.72%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BLOCK INC. CLASS A. As long as you are under the resistance located at 129.75 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 94.29 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 81.99 USD as an objective. Crossing it would then enable sellers to target 60.88 USD. If the resistance 129.75 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.3

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BLOCK INC. CLASS A rating is 116.67 USD. The price has increased by +22.82% since the last closing and was traded between 109.30 USD and 119.22 USD over the period. The price is currently at +6.74% from its lowest and -2.14% from its highest.

109.30

119.22

116.67

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

Here is a more detailed summary of the historical variations registered by BLOCK INC. CLASS A:

Abnormal volumes on BLOCK INC. CLASS A were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of BLOCK INC. CLASS A in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	60.88	81.99	115.21	116.67	166.66	197.13	226.28
Change (%)	-47.82%	-29.72%	-1.25%	-	+42.85%	+68.96%	+93.95%
Change	-55.79	-34.68	-1.46	-	+49.99	+80.46	+109.61
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	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	72.98	77.85	86.42	91.29	99.86	104.73	113.30
Camarilla	91.29	92.53	93.76	94.99	96.22	97.45	98.69
Woodie	74.83	78.78	88.27	92.22	101.71	105.66	115.15
Fibonacci	77.85	82.98	86.16	91.29	96.42	99.60	104.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.38	84.11	90.91	103.64	110.44	123.17	129.97
Camarilla	92.35	94.14	95.93	97.72	99.51	101.30	103.09
Woodie	68.43	82.63	87.96	102.16	107.49	121.69	127.02
Fibonacci	84.11	91.57	96.18	103.64	111.10	115.71	123.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.84	66.30	94.29	129.75	157.74	193.20	221.19
Camarilla	104.84	110.66	116.47	122.29	128.11	133.92	139.74
Woodie	27.12	64.43	90.57	127.88	154.02	191.33	217.47
Fibonacci	66.30	90.54	105.51	129.75	153.99	168.96	193.20

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):	51.54
MACD (12,26,9):	-8.6700
Directional Movement:	-2.96
AROON (14):	7.14
DEMA (21):	96.16
Parabolic SAR (0,02-0,02-0,2):	82.72
Elder Ray (13):	9.30
Super Trend (3,10):	82.84
Zig ZAG (10):	117.17
VORTEX (21):	0.8700
Stochastique (14,3,5):	42.47
TEMA (21):	99.89
Williams %R (14):	-6.18
Chande Momentum Oscillator (20):	14.74
Repulse (5,40,3):	6.4700
ROCnROLL:	-1
TRIX (15,9):	-1.1700
Courbe Coppock:	15.62

MA7:	100.76
MA20:	107.52
MA50:	131.08
MA100:	179.66
MAexp7:	103.03
MAexp20:	108.88
MAexp50:	132.35
MAexp100:	163.86
Price / MA7:	+15.79%
Price / MA20:	+8.51%
Price / MA50:	-10.99%
Price / MA100:	-35.06%
Price / MAexp7:	+13.24%
Price / MAexp20:	+7.15%
Price / MAexp50:	-11.85%
Price / MAexp100:	-28.80%

Quotes : - 15 min delayed data - NYSE Stocks

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

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