BRAINCHIP HOLDINGS LTD - Daily - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.368 AUD
My targets
0.452 AUD (+18.87%)
0.460 AUD (+21.05%)
My analysis
The bullish trend is currently very strong on BRAINCHIP HOLDINGS LTD. As long as the price remains above the support at 0.368 AUD, you could try to benefit from the boom. The first bullish objective is located at 0.452 AUD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.460 AUD as an objective. Crossing it would then enable buyers to target 0.510 AUD. 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.
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
0
10
7.1
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This analysis was given by Robertson9991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BRAINCHIP HOLDINGS LTD rating is 0.380 AUD. The price registered an increase of +18.75% on the session with the lowest point at 0.315 AUD and the highest point at 0.405 AUD. The deviation from the price is +20.63% for the low point and -6.17% for the high point.0.315
0.405
0.380
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of BRAINCHIP HOLDINGS LTD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 0.154 | 0.250 | 0.375 | 0.380 | 0.460 | 0.510 | 0.752 |
| Change (%) | -59.47% | -34.21% | -1.32% | - | +21.05% | +34.21% | +97.89% |
| Change | -0.226 | -0.130 | -0.005 | - | +0.080 | +0.130 | +0.372 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 0.238 | 0.277 | 0.328 | 0.367 | 0.418 | 0.457 | 0.508 |
| Camarilla | 0.355 | 0.364 | 0.372 | 0.380 | 0.388 | 0.397 | 0.405 |
| Woodie | 0.245 | 0.280 | 0.335 | 0.370 | 0.425 | 0.460 | 0.515 |
| Fibonacci | 0.277 | 0.311 | 0.332 | 0.367 | 0.401 | 0.422 | 0.457 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.163 | 0.247 | 0.368 | 0.452 | 0.573 | 0.657 | 0.778 |
| Camarilla | 0.434 | 0.452 | 0.471 | 0.490 | 0.509 | 0.528 | 0.546 |
| Woodie | 0.183 | 0.256 | 0.388 | 0.461 | 0.593 | 0.666 | 0.798 |
| Fibonacci | 0.247 | 0.325 | 0.373 | 0.452 | 0.530 | 0.578 | 0.657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.117 | 0.133 | 0.147 | 0.163 | 0.177 | 0.193 | 0.207 |
| Camarilla | 0.152 | 0.155 | 0.157 | 0.160 | 0.163 | 0.166 | 0.168 |
| Woodie | 0.115 | 0.133 | 0.145 | 0.163 | 0.175 | 0.193 | 0.205 |
| Fibonacci | 0.133 | 0.145 | 0.152 | 0.163 | 0.175 | 0.182 | 0.193 |
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): | 60.06 | |
| MACD (12,26,9): | 0.0610 | |
| Directional Movement: | 15.100 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 0.394 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.531 | |
| Elder Ray (13): | 0.007 | |
| Super Trend (3,10): | 0.551 | |
| Zig ZAG (10): | 0.380 | |
| VORTEX (21): | 1.1040 | |
| Stochastique (14,3,5): | 59.09 | |
| TEMA (21): | 0.432 | |
| Williams %R (14): | -46.27 | |
| Chande Momentum Oscillator (20): | 0.120 | |
| Repulse (5,40,3): | -8.7620 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.5860 | |
| Courbe Coppock: | 208.87 |
| MA7: | 0.401 | |
| MA20: | 0.296 | |
| MA50: | 0.220 | |
| MA100: | 0.203 | |
| MAexp7: | 0.385 | |
| MAexp20: | 0.319 | |
| MAexp50: | 0.253 | |
| MAexp100: | 0.240 | |
| Price / MA7: | -5.24% | |
| Price / MA20: | +28.38% | |
| Price / MA50: | +72.73% | |
| Price / MA100: | +87.19% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | +19.12% | |
| Price / MAexp50: | +50.20% | |
| Price / MAexp100: | +58.33% |
Quotes :
-
End-of-day data
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Australia Stocks
News
Don't forget to follow the news on BRAINCHIP HOLDINGS LTD. At the time of publication of this analysis, the latest news was as follows:
- Media Alert: BrainChip Chair Antonio J. Viana Addresses Investors in Two-Part Investor Podcast
- Media Alert: BrainChip and Edge Impulse Offer a Neuromorphic Deep Dive into Next-Gen Edge AI Solutions
- University of Virginia Joins the BrainChip University AI Accelerator Program
- BrainChip's Latest US Patent Award Extends Intellectual Property Strength and its Leadership in Edge Learning
- GMAC Intelligence Goes Big with BrainChip Partnership
This member declared not having a position on this financial instrument or a related financial instrument.
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