MMEX RESOURCES CORP. MMEX
MMEX RESOURCES CORP. MMEX
- USD (-)
- 15 min delayed data - NASDAQ OTCBB
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MMEX
ISIN:

MMEX RESOURCES CORP. MMEX - 1H - Technical analysis published on 04/15/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.0015 USD
My targets
0.0013 USD (-7.14%)
0.0009 USD (-35.71%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on MMEX RESOURCES CORP. MMEX as long as the price remains well below 0.0015 USD. The next bearish objective for sellers is set at 0.0013 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.0009 USD. If there is any crossing, the next objective would be the support located at 0.0001 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by scoxino.

Additional analysis

Quotes

The MMEX RESOURCES CORP. MMEX price is 0.0014 USD. On the day, this instrument gained +0.00% and was traded between 0.0013 USD and 0.0015 USD over the period. The price is currently at +7.69% from its lowest and -6.67% from its highest.

0.0013
0.0015
0.0014

A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this MMEX RESOURCES CORP. MMEX chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.0001 0.0013 0.0014 0.0016 0.0028 0.0032
Change (%) -92.86% -7.14% - +14.29% +100.00% +128.57%
Change -0.0013 -0.0001 - +0.0002 +0.0014 +0.0018
Level Intermediate Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.00100.00110.00130.00140.00160.00170.0019
Camarilla0.00130.00140.00140.00140.00140.00150.0015
Woodie0.00100.00110.00130.00140.00160.00170.0019
Fibonacci0.00110.00130.00130.00140.00160.00160.0017


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.00090.00130.00150.00190.00210.00250.0027
Camarilla0.00150.00160.00170.00170.00180.00180.0019
Woodie0.00080.00130.00140.00190.00200.00250.0026
Fibonacci0.00130.00150.00170.00190.00210.00230.0025


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0014-0.00020.00110.00230.00360.00480.0061
Camarilla0.00160.00180.00210.00230.00250.00280.0030
Woodie-0.0015-0.00020.00110.00230.00360.00480.0061
Fibonacci-0.00020.00080.00140.00230.00330.00390.0048

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): 41.46
MACD (12,26,9): 0.0000
Directional Movement: 0.4536
AROON (14): 92.8571
DEMA (21): 0.0028
Parabolic SAR (0,02-0,02-0,2): 0.0027
Elder Ray (13): 0.0005
Super Trend (3,10): 0.0021
Zig ZAG (10): 0.0031
VORTEX (21): 0.8121
Stochastique (14,3,5): 80.56
TEMA (21): 0.0017
Williams %R (14): -50.00
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): 11.6111
ROCnROLL: -1
TRIX (15,9): -1.0485
Courbe Coppock: 3.26
MA7: 0.0017
MA20: 0.0019
MA50: 0.0034
MA100: 0.0018
MAexp7: 0.0019
MAexp20: 0.0018
MAexp50: 0.0018
MAexp100: 0.0020
Price / MA7: -17.65%
Price / MA20: -26.32%
Price / MA50: -58.82%
Price / MA100: -22.22%
Price / MAexp7: -26.32%
Price / MAexp20: -22.22%
Price / MAexp50: -22.22%
Price / MAexp100: -30.00%

Quotes : - 15 min delayed data - NASDAQ OTCBB

This member declared not having a position on this financial instrument or a related financial instrument.

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