NUMERAIRE - NMR/USD - 1H - Technical analysis published on 05/19/2023 (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%
11%
11%
My opinion
Bullish above 14.02 USD
My targets
14.42 USD (+0.14%)
15.29 USD (+6.18%)
My analysis
The bullish trend is currently very strong on NUMERAIRE - NMR/USD. As long as the price remains above the support at 14.02 USD, you could try to benefit from the boom. The first bullish objective is located at 14.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.29 USD as an objective. Crossing it would then enable buyers to target 17.26 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
The NUMERAIRE - NMR/USD rating is 14.40 USD. The price has increased by +7.14% since the last closing and was traded between 13.41 USD and 15.46 USD over the period. The price is currently at +7.38% from its lowest and -6.86% from its highest.13.41
15.46
14.40
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NUMERAIRE - NMR/USD in 1H shows a strongly overall bullish trend. 85.71% 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 12.76 | 13.40 | 14.02 | 14.40 | 15.29 | 17.26 | 18.32 |
| Change (%) | -11.39% | -6.94% | -2.64% | - | +6.18% | +19.86% | +27.22% |
| Change | -1.64 | -1.00 | -0.38 | - | +0.89 | +2.86 | +3.92 |
| Level | Minor | Major | Intermediate | - | Minor | Major | 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 | 11.97 | 12.62 | 13.03 | 13.68 | 14.09 | 14.74 | 15.15 |
| Camarilla | 13.15 | 13.25 | 13.34 | 13.44 | 13.54 | 13.63 | 13.73 |
| Woodie | 11.85 | 12.56 | 12.91 | 13.62 | 13.97 | 14.68 | 15.03 |
| Fibonacci | 12.62 | 13.03 | 13.28 | 13.68 | 14.09 | 14.34 | 14.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.54 | 10.65 | 12.31 | 14.42 | 16.08 | 18.19 | 19.85 |
| Camarilla | 12.93 | 13.28 | 13.62 | 13.97 | 14.32 | 14.66 | 15.01 |
| Woodie | 8.32 | 10.54 | 12.09 | 14.31 | 15.86 | 18.08 | 19.63 |
| Fibonacci | 10.65 | 12.09 | 12.98 | 14.42 | 15.86 | 16.75 | 18.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.04 | 13.09 | 14.74 | 17.79 | 19.44 | 22.49 | 24.14 |
| Camarilla | 15.11 | 15.54 | 15.97 | 16.40 | 16.83 | 17.26 | 17.69 |
| Woodie | 9.35 | 12.74 | 14.05 | 17.44 | 18.75 | 22.14 | 23.45 |
| Fibonacci | 13.09 | 14.88 | 15.99 | 17.79 | 19.58 | 20.69 | 22.49 |
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): | 61.29 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 8.07 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 13.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.43 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 13.10 | |
| Zig ZAG (10): | 13.72 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 60.35 | |
| TEMA (21): | 13.75 | |
| Williams %R (14): | -66.25 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 4.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.48 |
| MA7: | 13.75 | |
| MA20: | 14.64 | |
| MA50: | 16.59 | |
| MA100: | 17.94 | |
| MAexp7: | 13.79 | |
| MAexp20: | 13.65 | |
| MAexp50: | 13.63 | |
| MAexp100: | 13.62 | |
| Price / MA7: | +4.73% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | -13.20% | |
| Price / MA100: | -19.73% | |
| Price / MAexp7: | +4.42% | |
| Price / MAexp20: | +5.49% | |
| Price / MAexp50: | +5.65% | |
| Price / MAexp100: | +5.73% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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