SYNTHETIX - SNX/USD - 1H - Technical analysis published on 03/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.52 USD
My targets
4.80 USD (+2.78%)
4.92 USD (+5.35%)
My analysis
SYNTHETIX - SNX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.52 USD. The next resistance located at 4.80 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.92 USD. After this resistance, buyers could then target 5.09 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNTHETIX - SNX/USD price is 4.67 USD. On the day, this instrument gained +6.14% with the lowest point at 4.34 USD and the highest point at 4.69 USD. The deviation from the price is +7.60% for the low point and -0.43% for the high point.4.34
4.69
4.67
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of SYNTHETIX - SNX/USD indicates that the overall trend is strongly bullish. 92.86% 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 currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.94 | 4.15 | 4.52 | 4.67 | 4.80 | 4.92 | 5.09 |
| Change (%) | -15.63% | -11.13% | -3.21% | - | +2.78% | +5.35% | +8.99% |
| Change | -0.73 | -0.52 | -0.15 | - | +0.13 | +0.25 | +0.42 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 3.94 | 4.08 | 4.24 | 4.38 | 4.54 | 4.68 | 4.84 |
| Camarilla | 4.32 | 4.35 | 4.37 | 4.40 | 4.43 | 4.46 | 4.48 |
| Woodie | 3.95 | 4.09 | 4.25 | 4.39 | 4.55 | 4.69 | 4.85 |
| Fibonacci | 4.08 | 4.20 | 4.27 | 4.38 | 4.50 | 4.57 | 4.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.64 | 3.04 | 3.72 | 4.12 | 4.80 | 5.20 | 5.88 |
| Camarilla | 4.10 | 4.20 | 4.30 | 4.40 | 4.50 | 4.60 | 4.70 |
| Woodie | 2.78 | 3.11 | 3.86 | 4.19 | 4.94 | 5.27 | 6.02 |
| Fibonacci | 3.04 | 3.45 | 3.71 | 4.12 | 4.53 | 4.79 | 5.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.79 | 2.42 | 3.29 | 3.92 | 4.79 | 5.42 | 6.29 |
| Camarilla | 3.76 | 3.90 | 4.03 | 4.17 | 4.31 | 4.45 | 4.58 |
| Woodie | 1.92 | 2.48 | 3.42 | 3.98 | 4.92 | 5.48 | 6.42 |
| Fibonacci | 2.42 | 2.99 | 3.34 | 3.92 | 4.49 | 4.84 | 5.42 |
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): | 60.33 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 18.42 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 4.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.35 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 4.31 | |
| Zig ZAG (10): | 4.56 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 82.05 | |
| TEMA (21): | 4.53 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 1.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.88 |
| MA7: | 4.16 | |
| MA20: | 4.34 | |
| MA50: | 3.99 | |
| MA100: | 3.78 | |
| MAexp7: | 4.51 | |
| MAexp20: | 4.46 | |
| MAexp50: | 4.38 | |
| MAexp100: | 4.29 | |
| Price / MA7: | +12.26% | |
| Price / MA20: | +7.60% | |
| Price / MA50: | +17.04% | |
| Price / MA100: | +23.54% | |
| Price / MAexp7: | +3.55% | |
| Price / MAexp20: | +4.71% | |
| Price / MAexp50: | +6.62% | |
| Price / MAexp100: | +8.86% |
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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