RADWORKS - RAD/USD - 1H - Technical analysis published on 09/12/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Neutral between 1.29 USD and 1.32 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.32 USD. The first support is located at 1.29 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by RADWORKS - RAD/USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The RADWORKS - RAD/USD price is 1.31 USD. The price has increased by +4.80% since the last closing and was between 1.25 USD and 1.31 USD. This implies that the price is at +4.80% from its lowest and at 0% from its highest.1.25
1.31
1.31
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RADWORKS - RAD/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.23 | 1.29 | 1.31 | 1.32 | 1.43 | 1.48 |
| Change (%) | -6.11% | -1.53% | - | +0.76% | +9.16% | +12.98% |
| Change | -0.08 | -0.02 | - | +0.01 | +0.12 | +0.17 |
| Level | Intermediate | Major | - | Major | Intermediate | Minor |
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 | 1.10 | 1.16 | 1.21 | 1.27 | 1.32 | 1.38 | 1.43 |
| Camarilla | 1.22 | 1.23 | 1.24 | 1.25 | 1.26 | 1.27 | 1.28 |
| Woodie | 1.09 | 1.16 | 1.20 | 1.27 | 1.31 | 1.38 | 1.42 |
| Fibonacci | 1.16 | 1.21 | 1.23 | 1.27 | 1.32 | 1.34 | 1.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.13 | 1.21 | 1.31 | 1.39 | 1.49 | 1.57 | 1.67 |
| Camarilla | 1.35 | 1.37 | 1.38 | 1.40 | 1.42 | 1.43 | 1.45 |
| Woodie | 1.13 | 1.22 | 1.31 | 1.40 | 1.49 | 1.58 | 1.67 |
| Fibonacci | 1.21 | 1.28 | 1.33 | 1.39 | 1.46 | 1.51 | 1.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.54 | 0.91 | 1.10 | 1.47 | 1.66 | 2.03 | 2.22 |
| Camarilla | 1.15 | 1.20 | 1.25 | 1.30 | 1.35 | 1.40 | 1.45 |
| Woodie | 0.46 | 0.87 | 1.02 | 1.43 | 1.58 | 1.99 | 2.14 |
| Fibonacci | 0.91 | 1.12 | 1.25 | 1.47 | 1.68 | 1.81 | 2.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.88 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 5.91 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.23 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.25 | |
| Zig ZAG (10): | 1.31 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 93.33 | |
| TEMA (21): | 1.27 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 4.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 0.70 |
| MA7: | 1.33 | |
| MA20: | 1.33 | |
| MA50: | 1.44 | |
| MA100: | 1.53 | |
| MAexp7: | 1.28 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.30 | |
| MAexp100: | 1.32 | |
| Price / MA7: | -1.50% | |
| Price / MA20: | -1.50% | |
| Price / MA50: | -9.03% | |
| Price / MA100: | -14.38% | |
| Price / MAexp7: | +2.34% | |
| Price / MAexp20: | +2.34% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | -0.76% |
Quotes :
-
Real time data
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Cryptocompare
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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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