BLOCK INC. CLASS A - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 82.87 USD
My targets
90.60 USD (+3.27%)
93.19 USD (+6.22%)
My analysis
The basic bullish trend is very strong on BLOCK INC. CLASS A but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 82.87 USD. Crossing the first resistance at 90.60 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 93.19 USD as an objective. Crossing it would then enable buyers to target 146.84 USD. Caution, a return to below 82.87 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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Additional analysis
Quotes
BLOCK INC. CLASS A rating 87.73 USD. The price is lower by -2.20% since the last closing with the lowest point at 82.88 USD and the highest point at 93.19 USD. The deviation from the price is +5.85% for the low point and -5.86% for the high point.82.88
93.19
87.73
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BLOCK INC. CLASS A in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 69.59 | 76.43 | 81.99 | 87.73 | 90.60 | 93.19 | 146.84 |
| Change (%) | -20.68% | -12.88% | -6.54% | - | +3.27% | +6.22% | +67.38% |
| Change | -18.14 | -11.30 | -5.74 | - | +2.87 | +5.46 | +59.11 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.37 | 77.62 | 82.68 | 87.93 | 92.99 | 98.24 | 103.30 |
| Camarilla | 84.90 | 85.84 | 86.79 | 87.73 | 88.68 | 89.62 | 90.57 |
| Woodie | 72.27 | 77.57 | 82.58 | 87.88 | 92.89 | 98.19 | 103.20 |
| Fibonacci | 77.62 | 81.56 | 84.00 | 87.93 | 91.87 | 94.31 | 98.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.09 | 62.49 | 69.28 | 72.68 | 79.47 | 82.87 | 89.66 |
| Camarilla | 73.26 | 74.19 | 75.13 | 76.06 | 76.99 | 77.93 | 78.86 |
| Woodie | 60.78 | 63.34 | 70.97 | 73.53 | 81.16 | 83.72 | 91.35 |
| Fibonacci | 62.49 | 66.39 | 68.79 | 72.68 | 76.58 | 78.98 | 82.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.37 | 54.86 | 65.46 | 70.95 | 81.55 | 87.04 | 97.64 |
| Camarilla | 71.64 | 73.11 | 74.59 | 76.06 | 77.54 | 79.01 | 80.49 |
| Woodie | 51.93 | 56.14 | 68.02 | 72.23 | 84.11 | 88.32 | 100.20 |
| Fibonacci | 54.86 | 61.01 | 64.80 | 70.95 | 77.10 | 80.89 | 87.04 |
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): | 57.71 | |
| MACD (12,26,9): | 2.2200 | |
| Directional Movement: | -0.91 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 90.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.68 | |
| Elder Ray (13): | -0.45 | |
| Super Trend (3,10): | 84.75 | |
| Zig ZAG (10): | 87.70 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 51.63 | |
| TEMA (21): | 90.14 | |
| Williams %R (14): | -53.25 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5100 | |
| Courbe Coppock: | 4.73 |
| MA7: | 81.88 | |
| MA20: | 73.07 | |
| MA50: | 72.15 | |
| MA100: | 91.84 | |
| MAexp7: | 88.64 | |
| MAexp20: | 87.28 | |
| MAexp50: | 82.46 | |
| MAexp100: | 77.57 | |
| Price / MA7: | +7.14% | |
| Price / MA20: | +20.06% | |
| Price / MA50: | +21.59% | |
| Price / MA100: | -4.48% | |
| Price / MAexp7: | -1.06% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +6.35% | |
| Price / MAexp100: | +13.06% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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