INDEX COOPERATIVE - INDEX/USD - 1H - Technical analysis published on 11/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1.64 USD
My targets
1.36 USD (-14.47%)
1.34 USD (-15.53%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.64 USD remains possible. It is advisable to trade INDEX COOPERATIVE - INDEX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.64 USD. The next bearish objective for sellers is set at 1.36 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.34 USD. In case of crossing, the next objective would be the support located at 1.15 USD. PS: if there is a bullish break in the resistance located at 1.64 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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Additional analysis
Quotes
The INDEX COOPERATIVE - INDEX/USD rating is 1.59 USD. The price has increased by +1.27% since the last closing and was between 1.40 USD and 1.65 USD. This implies that the price is at +13.57% from its lowest and at -3.64% from its highest.1.40
1.65
1.59
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on INDEX COOPERATIVE - INDEX/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of INDEX COOPERATIVE - INDEX/USD in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.83 | 1.15 | 1.36 | 1.59 | 1.64 | 2.14 | 2.34 |
| Change (%) | -47.80% | -27.67% | -14.47% | - | +3.14% | +34.59% | +47.17% |
| Change | -0.76 | -0.44 | -0.23 | - | +0.05 | +0.55 | +0.75 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.21 | 1.38 | 1.48 | 1.65 | 1.75 | 1.92 | 2.02 |
| Camarilla | 1.50 | 1.52 | 1.55 | 1.57 | 1.60 | 1.62 | 1.64 |
| Woodie | 1.17 | 1.36 | 1.44 | 1.63 | 1.71 | 1.90 | 1.98 |
| Fibonacci | 1.38 | 1.49 | 1.55 | 1.65 | 1.76 | 1.82 | 1.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.33 | 0.40 | 1.04 | 1.77 | 2.41 | 3.14 | 3.78 |
| Camarilla | 1.30 | 1.43 | 1.55 | 1.68 | 1.81 | 1.93 | 2.06 |
| Woodie | -0.38 | 0.38 | 1.00 | 1.75 | 2.37 | 3.12 | 3.74 |
| Fibonacci | 0.40 | 0.92 | 1.25 | 1.77 | 2.29 | 2.62 | 3.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.18 | 0.50 | 0.76 | 1.08 | 1.34 | 1.66 | 1.92 |
| Camarilla | 0.87 | 0.92 | 0.98 | 1.03 | 1.08 | 1.14 | 1.19 |
| Woodie | 0.16 | 0.49 | 0.74 | 1.07 | 1.32 | 1.65 | 1.90 |
| Fibonacci | 0.50 | 0.72 | 0.86 | 1.08 | 1.30 | 1.44 | 1.66 |
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): | 43.22 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -8.08 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.46 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.56 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 50.79 | |
| TEMA (21): | 1.55 | |
| Williams %R (14): | -47.62 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -3.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 4.48 |
| MA7: | 1.77 | |
| MA20: | 1.38 | |
| MA50: | 1.09 | |
| MA100: | 1.07 | |
| MAexp7: | 1.56 | |
| MAexp20: | 1.58 | |
| MAexp50: | 1.64 | |
| MAexp100: | 1.68 | |
| Price / MA7: | -10.17% | |
| Price / MA20: | +15.22% | |
| Price / MA50: | +45.87% | |
| Price / MA100: | +48.60% | |
| Price / MAexp7: | +1.92% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | -3.05% | |
| Price / MAexp100: | -5.36% |
Quotes :
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Real time data
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