WOO - WOO/USD - Weekly - Technical analysis published on 05/20/2024 (GMT)
- 130
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 0.259500 USD and 0.332677 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 0.259500 USD. The first resistance is located at 0.332677 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by WOO NETWORK - WOO/USD.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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 MikeJones. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WOO NETWORK - WOO/USD rating is 0.306675 USD. Over 5 days, this instrument gained +19.56% and was traded between 0.276566 USD and 0.309517 USD over the period. The price is currently at +10.89% from its lowest point and -0.92% from its highest point.0.276566
0.309517
0.306675
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of WOO NETWORK - WOO/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.107078 | 0.156231 | 0.259500 | 0.306675 | 0.332677 | 0.470167 | 0.614836 |
| Change (%) | -65.08% | -49.06% | -15.38% | - | +8.48% | +53.31% | +100.48% |
| Change | -0.199597 | -0.150444 | -0.047175 | - | +0.026002 | +0.163492 | +0.308161 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Major |
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 | 0.277265 | 0.285270 | 0.292080 | 0.300085 | 0.306895 | 0.314900 | 0.321710 |
| Camarilla | 0.294815 | 0.296173 | 0.297531 | 0.298889 | 0.300247 | 0.301605 | 0.302963 |
| Woodie | 0.276667 | 0.284971 | 0.291482 | 0.299786 | 0.306297 | 0.314601 | 0.321112 |
| Fibonacci | 0.285270 | 0.290930 | 0.294426 | 0.300085 | 0.305745 | 0.309241 | 0.314900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.215548 | 0.233918 | 0.268529 | 0.286899 | 0.321510 | 0.339880 | 0.374491 |
| Camarilla | 0.288571 | 0.293428 | 0.298284 | 0.303141 | 0.307998 | 0.312854 | 0.317711 |
| Woodie | 0.223670 | 0.237978 | 0.276651 | 0.290959 | 0.329632 | 0.343940 | 0.382613 |
| Fibonacci | 0.233918 | 0.254156 | 0.266660 | 0.286899 | 0.307137 | 0.319641 | 0.339880 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.077688 | 0.084983 | 0.186615 | 0.349286 | 0.450918 | 0.613589 | 0.715221 |
| Camarilla | 0.215565 | 0.239793 | 0.264020 | 0.288248 | 0.312476 | 0.336704 | 0.360931 |
| Woodie | -0.108207 | 0.069723 | 0.156097 | 0.334026 | 0.420400 | 0.598329 | 0.684703 |
| Fibonacci | 0.084983 | 0.185946 | 0.248322 | 0.349286 | 0.450249 | 0.512625 | 0.613589 |
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): | 45.54 | |
| MACD (12,26,9): | -0.0038 | |
| Directional Movement: | -0.064005 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.365034 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.510725 | |
| Elder Ray (13): | -0.048194 | |
| Super Trend (3,10): | 0.550572 | |
| Zig ZAG (10): | 0.305516 | |
| VORTEX (21): | 0.9511 | |
| Stochastique (14,3,5): | 11.19 | |
| TEMA (21): | 0.326569 | |
| Williams %R (14): | -85.79 | |
| Chande Momentum Oscillator (20): | -0.302947 | |
| Repulse (5,40,3): | 2.0301 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.1283 | |
| Courbe Coppock: | 46.43 |
| MA7: | 0.289679 | |
| MA20: | 0.288183 | |
| MA50: | 0.324519 | |
| MA100: | 0.406016 | |
| MAexp7: | 0.322459 | |
| MAexp20: | 0.355102 | |
| MAexp50: | 0.315427 | |
| MAexp100: | 0.240236 | |
| Price / MA7: | +5.87% | |
| Price / MA20: | +6.42% | |
| Price / MA50: | -5.50% | |
| Price / MA100: | -24.47% | |
| Price / MAexp7: | -4.89% | |
| Price / MAexp20: | -13.64% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | +27.66% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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