CORMEDIX INC. - 1H - Technical analysis published on 08/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 6.03 USD
My targets
6.39 USD (+1.43%)
7.09 USD (+12.59%)
My analysis
The bullish trend is currently very strong on CORMEDIX INC.. As long as the price remains above the support at 6.03 USD, you could try to benefit from the boom. The first bullish objective is located at 6.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.09 USD as an objective. Crossing it would then enable buyers to target 9.15 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The CORMEDIX INC. rating is 6.30 USD. The price registered an increase of +11.50% on the session and was traded between 5.64 USD and 6.37 USD over the period. The price is currently at +11.70% from its lowest and -1.10% from its highest.5.64
6.37
6.30
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CORMEDIX INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.57 | 5.00 | 5.95 | 6.30 | 6.39 | 9.15 | 11.17 |
| Change (%) | -27.46% | -20.63% | -5.56% | - | +1.43% | +45.24% | +77.30% |
| Change | -1.73 | -1.30 | -0.35 | - | +0.09 | +2.85 | +4.87 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.61 | 4.86 | 5.25 | 5.50 | 5.89 | 6.14 | 6.53 |
| Camarilla | 5.47 | 5.53 | 5.59 | 5.65 | 5.71 | 5.77 | 5.83 |
| Woodie | 4.69 | 4.90 | 5.33 | 5.54 | 5.97 | 6.18 | 6.61 |
| Fibonacci | 4.86 | 5.10 | 5.25 | 5.50 | 5.74 | 5.89 | 6.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.91 | 4.30 | 4.97 | 5.36 | 6.03 | 6.42 | 7.09 |
| Camarilla | 5.36 | 5.46 | 5.55 | 5.65 | 5.75 | 5.84 | 5.94 |
| Woodie | 4.06 | 4.37 | 5.12 | 5.43 | 6.18 | 6.49 | 7.24 |
| Fibonacci | 4.30 | 4.70 | 4.95 | 5.36 | 5.76 | 6.01 | 6.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.02 | 3.51 | 4.05 | 4.54 | 5.08 | 5.57 | 6.11 |
| Camarilla | 4.30 | 4.39 | 4.49 | 4.58 | 4.67 | 4.77 | 4.86 |
| Woodie | 3.04 | 3.52 | 4.07 | 4.55 | 5.10 | 5.58 | 6.13 |
| Fibonacci | 3.51 | 3.91 | 4.15 | 4.54 | 4.94 | 5.18 | 5.57 |
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): | 77.91 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | 36.70 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.99 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 5.66 | |
| Zig ZAG (10): | 6.15 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 86.44 | |
| TEMA (21): | 6.23 | |
| Williams %R (14): | -11.54 | |
| Chande Momentum Oscillator (20): | 0.97 | |
| Repulse (5,40,3): | 2.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6900 | |
| Courbe Coppock: | 37.90 |
| MA7: | 5.29 | |
| MA20: | 4.59 | |
| MA50: | 4.54 | |
| MA100: | 4.91 | |
| MAexp7: | 6.08 | |
| MAexp20: | 5.62 | |
| MAexp50: | 5.19 | |
| MAexp100: | 4.90 | |
| Price / MA7: | +19.09% | |
| Price / MA20: | +37.25% | |
| Price / MA50: | +38.77% | |
| Price / MA100: | +28.31% | |
| Price / MAexp7: | +3.62% | |
| Price / MAexp20: | +12.10% | |
| Price / MAexp50: | +21.39% | |
| Price / MAexp100: | +28.57% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on CORMEDIX INC. at the time of the generation of this analysis was as follows:
- CorMedix Inc. Reports Second Quarter and Six Month 2024 Financial Results and Provides Business Update
- CorMedix Inc. to Report Second Quarter 2024 Financial Results and Provide a Corporate Update on August 14, 2024
- CorMedix Inc. Announces Outpatient Availability of DefenCath
- CorMedix Inc. Receives FDA Feedback on Potential Label Expansion
- CorMedix Inc. Announces CMS Grants Pass-Through Status to Defencath
This member declared not having a position on this financial instrument or a related financial instrument.
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