COMPOUND - COMP/USD - 1H - Technical analysis published on 08/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 41.62 USD
My targets
40.02 USD (-2.41%)
36.83 USD (-10.19%)
My analysis
COMPOUND GOVERNANCE TOKEN - COMP/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 41.62 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 40.02 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 36.83 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 33.89 USD. Beware of a possible return to above the resistance located at 41.62 USD which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COMPOUND GOVERNANCE TOKEN - COMP/USD rating 41.01 USD. The price is lower by -0.39% since the last closing with the lowest point at 40.62 USD and the highest point at 43.56 USD. The deviation from the price is +0.96% for the low point and -5.85% for the high point.40.62
43.56
41.01
Here is a more detailed summary of the historical variations registered by COMPOUND GOVERNANCE TOKEN - COMP/USD:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this COMPOUND GOVERNANCE TOKEN - COMP/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 33.89 | 36.83 | 40.02 | 41.01 | 41.62 | 46.61 | 49.34 |
| Change (%) | -17.36% | -10.19% | -2.41% | - | +1.49% | +13.66% | +20.31% |
| Change | -7.12 | -4.18 | -0.99 | - | +0.61 | +5.60 | +8.33 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 39.53 | 40.10 | 40.64 | 41.21 | 41.75 | 42.32 | 42.86 |
| Camarilla | 40.87 | 40.97 | 41.07 | 41.17 | 41.27 | 41.37 | 41.48 |
| Woodie | 39.51 | 40.09 | 40.62 | 41.20 | 41.73 | 42.31 | 42.84 |
| Fibonacci | 40.10 | 40.53 | 40.79 | 41.21 | 41.64 | 41.90 | 42.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.78 | 27.84 | 34.50 | 40.56 | 47.22 | 53.28 | 59.94 |
| Camarilla | 37.67 | 38.84 | 40.00 | 41.17 | 42.34 | 43.50 | 44.67 |
| Woodie | 22.09 | 27.99 | 34.81 | 40.71 | 47.53 | 53.43 | 60.25 |
| Fibonacci | 27.84 | 32.70 | 35.70 | 40.56 | 45.42 | 48.42 | 53.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.83 | 35.54 | 44.17 | 48.88 | 57.51 | 62.22 | 70.85 |
| Camarilla | 49.12 | 50.34 | 51.57 | 52.79 | 54.01 | 55.24 | 56.46 |
| Woodie | 32.78 | 36.52 | 46.12 | 49.86 | 59.46 | 63.20 | 72.80 |
| Fibonacci | 35.54 | 40.64 | 43.79 | 48.88 | 53.98 | 57.13 | 62.22 |
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): | 40.56 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -9.58 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 41.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.25 | |
| Elder Ray (13): | -0.71 | |
| Super Trend (3,10): | 42.45 | |
| Zig ZAG (10): | 40.85 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 9.81 | |
| TEMA (21): | 41.45 | |
| Williams %R (14): | -94.22 | |
| Chande Momentum Oscillator (20): | -2.37 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.05 |
| MA7: | 39.86 | |
| MA20: | 46.17 | |
| MA50: | 47.87 | |
| MA100: | 52.03 | |
| MAexp7: | 41.36 | |
| MAexp20: | 41.78 | |
| MAexp50: | 41.43 | |
| MAexp100: | 41.20 | |
| Price / MA7: | +2.89% | |
| Price / MA20: | -11.18% | |
| Price / MA50: | -14.33% | |
| Price / MA100: | -21.18% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -1.84% | |
| Price / MAexp50: | -1.01% | |
| Price / MAexp100: | -0.46% |
Quotes :
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Real time data
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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