AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD - Daily - Technical analysis published on 12/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.35 USD
My targets
3.95 USD (+5.33%)
4.44 USD (+18.40%)
My analysis
The strong short-term increase in AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 3.35 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 3.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.44 USD as an objective. Crossing it would then enable buyers to target 5.86 USD. Caution, a return under 3.35 USD could jeopardize the reversal.
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
2.7
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Additional analysis
Quotes
The AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD rating is 3.75 USD. The price is lower by -0.27% since the last closing with the lowest point at 3.61 USD and the highest point at 3.88 USD. The deviation from the price is +3.88% for the low point and -3.35% for the high point.3.61
3.88
3.75
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AMPLEFORTH GOVERNANCE TOKEN - FORTH/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.83 | 3.75 | 3.95 | 4.44 | 5.86 |
| Change (%) | -24.53% | - | +5.33% | +18.40% | +56.27% |
| Change | -0.92 | - | +0.20 | +0.69 | +2.11 |
| Level | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.18 | 3.39 | 3.57 | 3.78 | 3.96 | 4.17 | 4.35 |
| Camarilla | 3.65 | 3.69 | 3.72 | 3.76 | 3.80 | 3.83 | 3.87 |
| Woodie | 3.18 | 3.38 | 3.57 | 3.77 | 3.96 | 4.16 | 4.35 |
| Fibonacci | 3.39 | 3.54 | 3.63 | 3.78 | 3.93 | 4.02 | 4.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.85 | 2.35 | 2.83 | 3.33 | 3.81 | 4.31 | 4.79 |
| Camarilla | 3.03 | 3.12 | 3.21 | 3.30 | 3.39 | 3.48 | 3.57 |
| Woodie | 1.83 | 2.35 | 2.81 | 3.33 | 3.79 | 4.31 | 4.77 |
| Fibonacci | 2.35 | 2.73 | 2.96 | 3.33 | 3.71 | 3.94 | 4.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.59 | 1.58 | 2.36 | 3.35 | 4.13 | 5.12 | 5.90 |
| Camarilla | 2.66 | 2.83 | 2.99 | 3.15 | 3.31 | 3.48 | 3.64 |
| Woodie | 0.50 | 1.53 | 2.27 | 3.30 | 4.04 | 5.07 | 5.81 |
| Fibonacci | 1.58 | 2.25 | 2.67 | 3.35 | 4.02 | 4.44 | 5.12 |
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): | 63.72 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 15.18 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.19 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 2.67 | |
| Zig ZAG (10): | 3.74 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 79.92 | |
| TEMA (21): | 3.66 | |
| Williams %R (14): | -22.29 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | -0.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 44.39 |
| MA7: | 3.59 | |
| MA20: | 3.19 | |
| MA50: | 3.48 | |
| MA100: | 4.05 | |
| MAexp7: | 3.58 | |
| MAexp20: | 3.36 | |
| MAexp50: | 3.51 | |
| MAexp100: | 3.84 | |
| Price / MA7: | +4.46% | |
| Price / MA20: | +17.55% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | -7.41% | |
| Price / MAexp7: | +4.75% | |
| Price / MAexp20: | +11.61% | |
| Price / MAexp50: | +6.84% | |
| Price / MAexp100: | -2.34% |
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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