QUANT - QNT/USD - 1H - Technical analysis published on 05/18/2024 (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
44%
22%
33%
My opinion
Bullish above 96.54 USD
My targets
98.61 USD (+0.68%)
100.47 USD (+2.58%)
My analysis
The bullish trend is currently very strong on QUANT - QNT/USD. As long as the price remains above the support at 96.54 USD, you could try to benefit from the boom. The first bullish objective is located at 98.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 100.47 USD as an objective. Crossing it would then enable buyers to target 104.77 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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 QUANT - QNT/USD price is 97.94 USD. The price is lower by -0.09% since the last closing and was traded between 97.20 USD and 98.08 USD over the period. The price is currently at +0.76% from its lowest and -0.14% from its highest.97.20
98.08
97.94
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this QUANT - QNT/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93.42 | 94.98 | 96.54 | 97.94 | 98.61 | 100.47 | 104.77 |
| Change (%) | -4.62% | -3.02% | -1.43% | - | +0.68% | +2.58% | +6.97% |
| Change | -4.52 | -2.96 | -1.40 | - | +0.67 | +2.53 | +6.83 |
| Level | Minor | Intermediate | Major | - | 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 | 89.56 | 91.49 | 94.76 | 96.69 | 99.96 | 101.89 | 105.16 |
| Camarilla | 96.60 | 97.08 | 97.55 | 98.03 | 98.51 | 98.98 | 99.46 |
| Woodie | 90.23 | 91.83 | 95.43 | 97.03 | 100.63 | 102.23 | 105.83 |
| Fibonacci | 91.49 | 93.48 | 94.70 | 96.69 | 98.68 | 99.90 | 101.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.55 | 89.26 | 92.41 | 98.12 | 101.27 | 106.98 | 110.13 |
| Camarilla | 93.13 | 93.95 | 94.76 | 95.57 | 96.38 | 97.19 | 98.01 |
| Woodie | 82.28 | 88.62 | 91.14 | 97.48 | 100.00 | 106.34 | 108.86 |
| Fibonacci | 89.26 | 92.64 | 94.73 | 98.12 | 101.50 | 103.59 | 106.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.25 | 57.68 | 78.60 | 106.03 | 126.95 | 154.38 | 175.30 |
| Camarilla | 86.23 | 90.67 | 95.10 | 99.53 | 103.96 | 108.39 | 112.83 |
| Woodie | 27.01 | 56.05 | 75.36 | 104.40 | 123.71 | 152.75 | 172.06 |
| Fibonacci | 57.68 | 76.15 | 87.56 | 106.03 | 124.50 | 135.91 | 154.38 |
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): | 58.34 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 11.51 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 97.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 98.46 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 95.66 | |
| Zig ZAG (10): | 97.55 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 66.09 | |
| TEMA (21): | 98.22 | |
| Williams %R (14): | -33.17 | |
| Chande Momentum Oscillator (20): | -0.54 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.56 |
| MA7: | 95.74 | |
| MA20: | 98.39 | |
| MA50: | 106.82 | |
| MA100: | 113.14 | |
| MAexp7: | 97.66 | |
| MAexp20: | 97.09 | |
| MAexp50: | 96.23 | |
| MAexp100: | 95.76 | |
| Price / MA7: | +2.30% | |
| Price / MA20: | -0.46% | |
| Price / MA50: | -8.31% | |
| Price / MA100: | -13.43% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +2.28% |
Quotes :
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Real time data
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