BRAINCHIP HOLDINGS LTD - Daily - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.352 AUD
My targets
0.363 AUD (+2.25%)
0.395 AUD (+11.27%)
My analysis
The basic bullish trend is very strong on BRAINCHIP HOLDINGS LTD 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 0.352 AUD. Crossing the first resistance at 0.363 AUD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.395 AUD as an objective. Crossing it would then enable buyers to target 0.435 AUD. Caution, a return to below 0.352 AUD 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.
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
6.8
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This analysis was given by Robertson9991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BRAINCHIP HOLDINGS LTD rating 0.355 AUD. On the day, this instrument gained +0.00% and was traded between 0.355 AUD and 0.380 AUD over the period. The price is currently at 0% from its lowest and -6.58% from its highest.0.355
0.380
0.355
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BRAINCHIP HOLDINGS LTD:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of BRAINCHIP HOLDINGS LTD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.200 | 0.250 | 0.299 | 0.355 | 0.363 | 0.395 | 0.435 |
| Change (%) | -43.66% | -29.58% | -15.77% | - | +2.25% | +11.27% | +22.54% |
| Change | -0.155 | -0.105 | -0.056 | - | +0.008 | +0.040 | +0.080 |
| Level | Minor | Minor | Minor | - | Minor | 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 | 0.322 | 0.338 | 0.347 | 0.363 | 0.372 | 0.388 | 0.397 |
| Camarilla | 0.348 | 0.350 | 0.353 | 0.355 | 0.357 | 0.360 | 0.362 |
| Woodie | 0.318 | 0.336 | 0.343 | 0.361 | 0.368 | 0.386 | 0.393 |
| Fibonacci | 0.338 | 0.348 | 0.354 | 0.363 | 0.373 | 0.379 | 0.388 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.255 | 0.280 | 0.295 | 0.320 | 0.335 | 0.360 | 0.375 |
| Camarilla | 0.299 | 0.303 | 0.306 | 0.310 | 0.314 | 0.317 | 0.321 |
| Woodie | 0.250 | 0.278 | 0.290 | 0.318 | 0.330 | 0.358 | 0.370 |
| Fibonacci | 0.280 | 0.295 | 0.305 | 0.320 | 0.335 | 0.345 | 0.360 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.098 | 0.197 | 0.253 | 0.352 | 0.408 | 0.507 | 0.563 |
| Camarilla | 0.267 | 0.282 | 0.296 | 0.310 | 0.324 | 0.338 | 0.353 |
| Woodie | 0.078 | 0.186 | 0.233 | 0.341 | 0.388 | 0.496 | 0.543 |
| Fibonacci | 0.197 | 0.256 | 0.293 | 0.352 | 0.411 | 0.448 | 0.507 |
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): | 53.36 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 8.413 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 0.350 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.295 | |
| Elder Ray (13): | 0.026 | |
| Super Trend (3,10): | 0.405 | |
| Zig ZAG (10): | 0.355 | |
| VORTEX (21): | 0.9120 | |
| Stochastique (14,3,5): | 60.37 | |
| TEMA (21): | 0.329 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.005 | |
| Repulse (5,40,3): | -0.0660 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2020 | |
| Courbe Coppock: | 21.77 |
| MA7: | 0.333 | |
| MA20: | 0.352 | |
| MA50: | 0.310 | |
| MA100: | 0.247 | |
| MAexp7: | 0.340 | |
| MAexp20: | 0.343 | |
| MAexp50: | 0.315 | |
| MAexp100: | 0.284 | |
| Price / MA7: | +6.61% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | +14.52% | |
| Price / MA100: | +43.72% | |
| Price / MAexp7: | +4.41% | |
| Price / MAexp20: | +3.50% | |
| Price / MAexp50: | +12.70% | |
| Price / MAexp100: | +25.00% |
Quotes :
-
End-of-day data
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Australia Stocks
News
The latest news and videos published on BRAINCHIP HOLDINGS LTD at the time of the analysis were as follows:
-
Elon Musk's Neuralink shows first brain-chip patient playing chess
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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