MICROSECTORS FANG INDEX 3X LEVERAGED E - 1H - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 158.61 USD
My targets
166.51 USD (+1.96%)
177.72 USD (+8.82%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on MICROSECTORS FANG INDEX 3X LEVERAGED E. This is a positive signal for buyers. As long as the price remains above 158.61 USD, a purchase could be considered. The first bullish objective is located at 166.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 177.72 USD as an objective. Crossing it would then enable buyers to target 180.21 USD. In the event of a return below 158.61 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICROSECTORS FANG INDEX 3X LEVERAGED E rating 163.31 USD. The price has increased by +6.03% since the last closing with the lowest point at 148.50 USD and the highest point at 163.33 USD. The deviation from the price is +9.97% for the low point and -0.01% for the high point.148.50
163.33
163.31
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this MICROSECTORS FANG INDEX 3X LEVERAGED E chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 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 : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 144.30 | 150.91 | 158.61 | 163.31 | 166.51 | 180.21 | 190.50 |
| Change (%) | -11.64% | -7.59% | -2.88% | - | +1.96% | +10.35% | +16.65% |
| Change | -19.01 | -12.40 | -4.70 | - | +3.20 | +16.90 | +27.19 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.46 | 145.59 | 149.81 | 152.94 | 157.16 | 160.29 | 164.51 |
| Camarilla | 152.00 | 152.67 | 153.35 | 154.02 | 154.69 | 155.37 | 156.04 |
| Woodie | 143.00 | 145.86 | 150.35 | 153.21 | 157.70 | 160.56 | 165.05 |
| Fibonacci | 145.59 | 148.40 | 150.14 | 152.94 | 155.75 | 157.49 | 160.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.78 | 129.39 | 139.76 | 148.37 | 158.74 | 167.35 | 177.72 |
| Camarilla | 144.91 | 146.65 | 148.39 | 150.13 | 151.87 | 153.61 | 155.35 |
| Woodie | 121.66 | 129.83 | 140.64 | 148.81 | 159.62 | 167.79 | 178.60 |
| Fibonacci | 129.39 | 136.64 | 141.12 | 148.37 | 155.62 | 160.10 | 167.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.29 | 106.64 | 128.39 | 159.74 | 181.49 | 212.84 | 234.59 |
| Camarilla | 135.53 | 140.40 | 145.26 | 150.13 | 155.00 | 159.87 | 164.73 |
| Woodie | 70.48 | 104.24 | 123.58 | 157.34 | 176.68 | 210.44 | 229.78 |
| Fibonacci | 106.64 | 126.93 | 139.46 | 159.74 | 180.03 | 192.56 | 212.84 |
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): | 65.50 | |
| MACD (12,26,9): | 2.0700 | |
| Directional Movement: | 16.04 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 156.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.03 | |
| Elder Ray (13): | 6.37 | |
| Super Trend (3,10): | 150.83 | |
| Zig ZAG (10): | 162.34 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 96.94 | |
| TEMA (21): | 157.91 | |
| Williams %R (14): | -4.80 | |
| Chande Momentum Oscillator (20): | 9.10 | |
| Repulse (5,40,3): | 6.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.98 |
| MA7: | 153.15 | |
| MA20: | 161.23 | |
| MA50: | 170.37 | |
| MA100: | 172.56 | |
| MAexp7: | 157.24 | |
| MAexp20: | 154.11 | |
| MAexp50: | 152.86 | |
| MAexp100: | 155.67 | |
| Price / MA7: | +6.63% | |
| Price / MA20: | +1.29% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | -5.36% | |
| Price / MAexp7: | +3.86% | |
| Price / MAexp20: | +5.97% | |
| Price / MAexp50: | +6.84% | |
| Price / MAexp100: | +4.91% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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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