ABVC BIOPHARMA INC. - 1H - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1.46 USD
My targets
1.68 USD (+6.33%)
1.73 USD (+9.49%)
My analysis
The basic bullish trend is very strong on ABVC BIOPHARMA INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.46 USD. Crossing the first resistance at 1.68 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.73 USD as an objective. Crossing it would then enable buyers to target 1.91 USD. Caution, a return to below 1.46 USD would be a sign of a consolidation phase in the short-term basic trend. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABVC BIOPHARMA INC. rating 1.58 USD. The price registered a decrease of -18.14% on the session with the lowest point at 1.58 USD and the highest point at 1.85 USD. The deviation from the price is 0% for the low point and -14.59% for the high point.1.58
1.85
1.58
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ABVC BIOPHARMA INC. chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.81 | 1.16 | 1.46 | 1.58 | 1.73 | 1.91 | 2.02 |
Change (%) | -48.73% | -26.58% | -7.59% | - | +9.49% | +20.89% | +27.85% |
Change | -0.77 | -0.42 | -0.12 | - | +0.15 | +0.33 | +0.44 |
Level | Major | Major | Major | - | Minor | Minor | Intermediate |
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 | 0.94 | 1.34 | 1.64 | 2.04 | 2.34 | 2.74 | 3.04 |
Camarilla | 1.74 | 1.80 | 1.87 | 1.93 | 1.99 | 2.06 | 2.12 |
Woodie | 0.88 | 1.32 | 1.58 | 2.02 | 2.28 | 2.72 | 2.98 |
Fibonacci | 1.34 | 1.61 | 1.78 | 2.04 | 2.31 | 2.48 | 2.74 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.01 | 1.07 | 1.12 | 1.18 | 1.23 | 1.29 | 1.34 |
Camarilla | 1.13 | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 | 1.19 |
Woodie | 1.00 | 1.07 | 1.11 | 1.18 | 1.22 | 1.29 | 1.33 |
Fibonacci | 1.07 | 1.12 | 1.14 | 1.18 | 1.23 | 1.25 | 1.29 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.48 | 0.74 | 0.95 | 1.21 | 1.42 | 1.68 | 1.89 |
Camarilla | 1.03 | 1.07 | 1.12 | 1.16 | 1.20 | 1.25 | 1.29 |
Woodie | 0.46 | 0.73 | 0.93 | 1.20 | 1.40 | 1.67 | 1.87 |
Fibonacci | 0.74 | 0.92 | 1.03 | 1.21 | 1.39 | 1.50 | 1.68 |
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): | 55.78 | |
MACD (12,26,9): | 0.2000 | |
Directional Movement: | 24.95 | |
AROON (14): | 21.43 | |
DEMA (21): | 1.82 | |
Parabolic SAR (0,02-0,02-0,2): | 1.46 | |
Elder Ray (13): | -0.05 | |
Super Trend (3,10): | 2.24 | |
Zig ZAG (10): | 1.65 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 45.59 | |
TEMA (21): | 1.93 | |
Williams %R (14): | -60.47 | |
Chande Momentum Oscillator (20): | 0.47 | |
Repulse (5,40,3): | -11.7400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 1.7400 | |
Courbe Coppock: | 114.79 |
MA7: | 1.38 | |
MA20: | 1.24 | |
MA50: | 1.29 | |
MA100: | 1.24 | |
MAexp7: | 1.80 | |
MAexp20: | 1.60 | |
MAexp50: | 1.39 | |
MAexp100: | 1.31 | |
Price / MA7: | +14.49% | |
Price / MA20: | +27.42% | |
Price / MA50: | +22.48% | |
Price / MA100: | +27.42% | |
Price / MAexp7: | -12.22% | |
Price / MAexp20: | -1.25% | |
Price / MAexp50: | +13.67% | |
Price / MAexp100: | +20.61% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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