BIONOMICS LTD. - 1H - Technical analysis published on 03/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
BIONOMICS LTD. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 2.41 USD
My targets
2.64 USD (+3.53%)
2.98 USD (+16.75%)
My analysis
The strong short-term increase in BIONOMICS LTD. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 2.41 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 2.64 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.98 USD as an objective. Crossing it would then enable buyers to target 3.74 USD. Caution, a return under 2.41 USD could jeopardize the reversal.
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
2.5
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This analysis was given by aba0550.
Additional analysis
Quotes
The BIONOMICS LTD. price is 2.55 USD. The price has increased by +41.67% since the last closing and was between 1.92 USD and 2.60 USD. This implies that the price is at +32.81% from its lowest and at -1.92% from its highest.1.92
2.60
2.55
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BIONOMICS LTD. indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.55 | 2.64 | 3.74 | 4.63 |
| Change (%) | - | +3.53% | +46.67% | +81.57% |
| Change | - | +0.09 | +1.19 | +2.08 |
| Level | - | Intermediate | Minor | Minor |
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 | 1.27 | 1.53 | 1.67 | 1.93 | 2.07 | 2.33 | 2.47 |
| Camarilla | 1.69 | 1.73 | 1.76 | 1.80 | 1.84 | 1.87 | 1.91 |
| Woodie | 1.20 | 1.50 | 1.60 | 1.90 | 2.00 | 2.30 | 2.40 |
| Fibonacci | 1.53 | 1.69 | 1.78 | 1.93 | 2.09 | 2.18 | 2.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.47 | 1.84 | 2.04 | 2.41 | 2.61 | 2.98 | 3.18 |
| Camarilla | 2.09 | 2.15 | 2.20 | 2.25 | 2.30 | 2.36 | 2.41 |
| Woodie | 1.40 | 1.80 | 1.97 | 2.37 | 2.54 | 2.94 | 3.11 |
| Fibonacci | 1.84 | 2.05 | 2.19 | 2.41 | 2.62 | 2.76 | 2.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.02 | 1.23 | 2.12 | 3.37 | 4.26 | 5.51 | 6.40 |
| Camarilla | 2.41 | 2.61 | 2.80 | 3.00 | 3.20 | 3.39 | 3.59 |
| Woodie | -0.21 | 1.14 | 1.93 | 3.28 | 4.07 | 5.42 | 6.21 |
| Fibonacci | 1.23 | 2.05 | 2.56 | 3.37 | 4.19 | 4.70 | 5.51 |
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): | 54.16 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 4.05 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 2.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.82 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 1.76 | |
| Zig ZAG (10): | 2.24 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 83.02 | |
| TEMA (21): | 2.12 | |
| Williams %R (14): | -17.59 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 6.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4100 | |
| Courbe Coppock: | 1.84 |
| MA7: | 2.17 | |
| MA20: | 2.80 | |
| MA50: | 3.39 | |
| MA100: | 5.07 | |
| MAexp7: | 2.15 | |
| MAexp20: | 2.12 | |
| MAexp50: | 2.26 | |
| MAexp100: | 2.54 | |
| Price / MA7: | +17.51% | |
| Price / MA20: | -8.93% | |
| Price / MA50: | -24.78% | |
| Price / MA100: | -49.70% | |
| Price / MAexp7: | +18.60% | |
| Price / MAexp20: | +20.28% | |
| Price / MAexp50: | +12.83% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
Don't forget to follow the news on BIONOMICS LTD.. At the time of publication of this analysis, the latest news was as follows:
- Bionomics Reports Promising Full Results Analysis from PREVAIL Phase 2 Study of BNC210 Social Anxiety Disorder (SAD)
- Bionomics’ Half-Year Report
- Quarterly Activities and Cashflow Report
- Bionomics Reports Topline Results in PREVAIL Phase 2 Study of BNC210 in Social Anxiety Disorder
- Bionomics appoints Spyridon “Spyros” Papapetropoulos as President and Chief Executive Officer
This member declared not having a position on this financial instrument or a related financial instrument.
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