DOGNESS (INTERNATIONAL) - Daily - Technical analysis published on 10/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.80 USD
My targets
2.48 USD (+13.24%)
4.08 USD (+86.30%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOGNESS (INTERNATIONAL) as long as the price remains well above 1.80 USD. The buyers” bullish objective is set at 2.48 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.08 USD. If there is any crossing, the next objective would be the resistance located at 4.92 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The DOGNESS (INTERNATIONAL) price is 2.19 USD. The price has increased by +36.03% since the last closing and was between 2.09 USD and 3.42 USD. This implies that the price is at +4.78% from its lowest and at -35.96% from its highest.2.09
3.42
2.19
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this DOGNESS (INTERNATIONAL) chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.66 | 1.73 | 1.80 | 2.19 | 2.48 | 4.08 | 4.92 |
| Change (%) | -24.20% | -21.00% | -17.81% | - | +13.24% | +86.30% | +124.66% |
| Change | -0.53 | -0.46 | -0.39 | - | +0.29 | +1.89 | +2.73 |
| Level | Minor | Minor | Major | - | Minor | 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 | 1.34 | 1.48 | 1.54 | 1.68 | 1.74 | 1.88 | 1.94 |
| Camarilla | 1.56 | 1.57 | 1.59 | 1.61 | 1.63 | 1.65 | 1.67 |
| Woodie | 1.31 | 1.46 | 1.51 | 1.66 | 1.71 | 1.86 | 1.91 |
| Fibonacci | 1.48 | 1.55 | 1.60 | 1.68 | 1.75 | 1.80 | 1.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.91 | 0.98 | 1.06 | 1.13 | 1.21 | 1.28 | 1.36 |
| Camarilla | 1.11 | 1.12 | 1.14 | 1.15 | 1.16 | 1.18 | 1.19 |
| Woodie | 0.93 | 0.98 | 1.08 | 1.13 | 1.23 | 1.28 | 1.38 |
| Fibonacci | 0.98 | 1.03 | 1.07 | 1.13 | 1.18 | 1.22 | 1.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 0.96 | 1.01 | 1.08 | 1.13 | 1.20 | 1.25 |
| Camarilla | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 | 1.09 |
| Woodie | 0.88 | 0.96 | 1.00 | 1.08 | 1.12 | 1.20 | 1.24 |
| Fibonacci | 0.96 | 1.01 | 1.03 | 1.08 | 1.13 | 1.15 | 1.20 |
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): | 80.24 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 64.43 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.17 | |
| Elder Ray (13): | 1.21 | |
| Super Trend (3,10): | 1.73 | |
| Zig ZAG (10): | 2.64 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 64.83 | |
| TEMA (21): | 1.86 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 1.30 | |
| Repulse (5,40,3): | -13.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1200 | |
| Courbe Coppock: | 114.07 |
| MA7: | 1.68 | |
| MA20: | 1.29 | |
| MA50: | 1.18 | |
| MA100: | 1.29 | |
| MAexp7: | 1.76 | |
| MAexp20: | 1.42 | |
| MAexp50: | 1.27 | |
| MAexp100: | 1.24 | |
| Price / MA7: | +30.36% | |
| Price / MA20: | +69.77% | |
| Price / MA50: | +85.59% | |
| Price / MA100: | +69.77% | |
| Price / MAexp7: | +24.43% | |
| Price / MAexp20: | +54.23% | |
| Price / MAexp50: | +72.44% | |
| Price / MAexp100: | +76.61% |
Quotes :
2020-10-23 16:42:18
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on DOGNESS (INTERNATIONAL). At the time of publication of this analysis, the latest news was as follows:
- Dogness Announces Strategic Partnership with Huayuan Pet and Chongai Trading
- Dogness (International) Corporation Attended 2020 Shenzhen Pet Expo
- Dogness Receives NASDAQ Notification Regarding Minimum Total Holders Requirements
- Dogness (International) Corporation Announces Second Half and Full Fiscal Year 2019 Financial Results
- Dogness (International) Corporation Announces Expansion into Australia
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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