NUMERAIRE - NMR/USD - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
11%
56%
My opinion
Bearish under 24.90 USD
My targets
22.38 USD (-3.91%)
19.97 USD (-14.26%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NUMERAIRE - NMR/USD as long as the price remains well below 24.90 USD. The sellers' bearish objective is set at 22.38 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.97 USD. In case of crossing, the next objective would be the support located at 16.77 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NUMERAIRE - NMR/USD rating 23.29 USD. The price is lower by -0.34% since the last closing and was between 22.33 USD and 24.06 USD. This implies that the price is at +4.30% from its lowest and at -3.20% from its highest.22.33
24.06
23.29
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NUMERAIRE - NMR/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 16.77 | 19.97 | 22.38 | 23.29 | 24.90 | 30.93 | 33.16 |
| Change (%) | -27.99% | -14.26% | -3.91% | - | +6.91% | +32.80% | +42.38% |
| Change | -6.52 | -3.32 | -0.91 | - | +1.61 | +7.64 | +9.87 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.76 | 20.64 | 22.00 | 23.88 | 25.24 | 27.12 | 28.48 |
| Camarilla | 22.48 | 22.78 | 23.07 | 23.37 | 23.67 | 23.96 | 24.26 |
| Woodie | 18.51 | 20.51 | 21.75 | 23.75 | 24.99 | 26.99 | 28.23 |
| Fibonacci | 20.64 | 21.87 | 22.64 | 23.88 | 25.11 | 25.88 | 27.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.39 | 9.53 | 16.03 | 25.95 | 32.45 | 42.37 | 48.87 |
| Camarilla | 18.03 | 19.53 | 21.04 | 22.54 | 24.05 | 25.55 | 27.06 |
| Woodie | -2.09 | 8.68 | 14.33 | 25.10 | 30.75 | 41.52 | 47.17 |
| Fibonacci | 9.53 | 15.80 | 19.67 | 25.95 | 32.22 | 36.09 | 42.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.81 | 15.11 | 25.79 | 40.09 | 50.77 | 65.07 | 75.75 |
| Camarilla | 29.60 | 31.89 | 34.18 | 36.47 | 38.76 | 41.05 | 43.34 |
| Woodie | -1.00 | 14.21 | 23.98 | 39.19 | 48.96 | 64.17 | 73.94 |
| Fibonacci | 15.11 | 24.65 | 30.55 | 40.09 | 49.63 | 55.53 | 65.07 |
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): | 47.59 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -9.67 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 23.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.64 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 24.73 | |
| Zig ZAG (10): | 23.42 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.49 | |
| TEMA (21): | 23.50 | |
| Williams %R (14): | -34.68 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | -1.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 3.01 |
| MA7: | 26.79 | |
| MA20: | 31.89 | |
| MA50: | 35.24 | |
| MA100: | 29.37 | |
| MAexp7: | 23.57 | |
| MAexp20: | 23.59 | |
| MAexp50: | 24.02 | |
| MAexp100: | 25.41 | |
| Price / MA7: | -13.06% | |
| Price / MA20: | -26.97% | |
| Price / MA50: | -33.91% | |
| Price / MA100: | -20.70% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -3.04% | |
| Price / MAexp100: | -8.34% |
Quotes :
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Real time data
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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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