SACHEM CAPITAL CORP. - Daily - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is currently very strong for SACHEM CAPITAL CORP.. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
SACHEM CAPITAL CORP. rating 3.14 USD. On the day, this instrument lost -0.32% and was between 3.13 USD and 3.19 USD. This implies that the price is at +0.32% from its lowest and at -1.57% from its highest.3.13
3.19
3.14
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SACHEM CAPITAL CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.63 | 2.92 | 3.14 | 3.14 | 3.43 | 3.72 | 4.01 |
| Change (%) | -16.24% | -7.01% | 0% | - | +9.24% | +18.47% | +27.71% |
| Change | -0.51 | -0.22 | 0 | - | +0.29 | +0.58 | +0.87 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 3.02 | 3.06 | 3.10 | 3.14 | 3.18 | 3.22 | 3.26 |
| Camarilla | 3.13 | 3.14 | 3.14 | 3.15 | 3.16 | 3.17 | 3.17 |
| Woodie | 3.03 | 3.06 | 3.11 | 3.14 | 3.19 | 3.22 | 3.27 |
| Fibonacci | 3.06 | 3.09 | 3.11 | 3.14 | 3.17 | 3.19 | 3.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.05 | 3.10 | 3.17 | 3.22 | 3.29 | 3.34 | 3.41 |
| Camarilla | 3.22 | 3.23 | 3.24 | 3.25 | 3.26 | 3.27 | 3.28 |
| Woodie | 3.07 | 3.11 | 3.19 | 3.23 | 3.31 | 3.35 | 3.43 |
| Fibonacci | 3.10 | 3.14 | 3.17 | 3.22 | 3.26 | 3.29 | 3.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.91 | 2.51 | 2.80 | 3.40 | 3.69 | 4.29 | 4.58 |
| Camarilla | 2.86 | 2.94 | 3.02 | 3.10 | 3.18 | 3.26 | 3.35 |
| Woodie | 1.77 | 2.43 | 2.66 | 3.32 | 3.55 | 4.21 | 4.44 |
| Fibonacci | 2.51 | 2.85 | 3.06 | 3.40 | 3.74 | 3.95 | 4.29 |
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): | 36.31 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -13.18 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.25 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 3.44 | |
| Zig ZAG (10): | 3.15 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 19.26 | |
| TEMA (21): | 3.04 | |
| Williams %R (14): | -71.11 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -2.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 6.41 |
| MA7: | 3.17 | |
| MA20: | 3.21 | |
| MA50: | 3.64 | |
| MA100: | 3.59 | |
| MAexp7: | 3.17 | |
| MAexp20: | 3.29 | |
| MAexp50: | 3.47 | |
| MAexp100: | 3.50 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -2.18% | |
| Price / MA50: | -13.74% | |
| Price / MA100: | -12.53% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -4.56% | |
| Price / MAexp50: | -9.51% | |
| Price / MAexp100: | -10.29% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on SACHEM CAPITAL CORP. at the time of the generation of this analysis was as follows:
- Sachem Capital Reports Full Year 2023 Results
- Sachem Capital Corp. Announces Dividend of $0.11 Per Share
- Sachem Capital Sets Dates for 2023 Earnings Release and Conference Call
- Sachem Capital Corp. Announces Tax Reporting Information
- Sachem Capital Corp. Announces Dividend of $0.11 per Share
This member declared not having a position on this financial instrument or a related financial instrument.
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