MICROSECTORS FANG INDEX -3X INVERSE LE - 1H - Technical analysis published on 07/11/2022 (GMT)
- 178
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Neutral between 58.73 USD and 62.67 USD
My targets
-
My analysis
The short-term increase on MICROSECTORS FANG INDEX -3X INVERSE LE remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 62.67 USD. The first support is located at 58.73 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 INVERSE LE rating 59.69 USD. The price registered an increase of +11.28% on the session with the lowest point at 56.04 USD and the highest point at 60.73 USD. The deviation from the price is +6.51% for the low point and -1.71% for the high point.56.04
60.73
59.69
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MICROSECTORS FANG INDEX -3X INVERSE LE in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being 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, 13 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 51.63 | 55.23 | 58.73 | 59.69 | 62.67 | 69.15 | 73.64 |
| Change (%) | -13.50% | -7.47% | -1.61% | - | +4.99% | +15.85% | +23.37% |
| Change | -8.06 | -4.46 | -0.96 | - | +2.98 | +9.46 | +13.95 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.88 | 49.77 | 51.71 | 53.60 | 55.54 | 57.43 | 59.37 |
| Camarilla | 52.59 | 52.94 | 53.29 | 53.64 | 53.99 | 54.34 | 54.69 |
| Woodie | 47.90 | 49.78 | 51.73 | 53.61 | 55.56 | 57.44 | 59.39 |
| Fibonacci | 49.77 | 51.24 | 52.14 | 53.60 | 55.07 | 55.97 | 57.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.46 | 41.07 | 47.35 | 57.96 | 64.24 | 74.85 | 81.13 |
| Camarilla | 49.00 | 50.54 | 52.09 | 53.64 | 55.19 | 56.74 | 58.29 |
| Woodie | 28.31 | 39.99 | 45.20 | 56.88 | 62.09 | 73.77 | 78.98 |
| Fibonacci | 41.07 | 47.52 | 51.51 | 57.96 | 64.41 | 68.40 | 74.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.01 | 37.31 | 51.26 | 65.56 | 79.51 | 93.81 | 107.76 |
| Camarilla | 57.44 | 60.03 | 62.62 | 65.21 | 67.80 | 70.39 | 72.98 |
| Woodie | 22.84 | 37.22 | 51.09 | 65.47 | 79.34 | 93.72 | 107.59 |
| Fibonacci | 37.31 | 48.10 | 54.77 | 65.56 | 76.35 | 83.02 | 93.81 |
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): | 57.71 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | 14.71 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 55.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 52.20 | |
| Elder Ray (13): | 2.99 | |
| Super Trend (3,10): | 54.12 | |
| Zig ZAG (10): | 59.48 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 88.96 | |
| TEMA (21): | 56.97 | |
| Williams %R (14): | -12.80 | |
| Chande Momentum Oscillator (20): | 6.70 | |
| Repulse (5,40,3): | 1.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 9.91 |
| MA7: | 58.90 | |
| MA20: | 63.97 | |
| MA50: | 67.58 | |
| MA100: | 60.26 | |
| MAexp7: | 57.83 | |
| MAexp20: | 56.82 | |
| MAexp50: | 58.66 | |
| MAexp100: | 61.06 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | -6.69% | |
| Price / MA50: | -11.68% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | +3.22% | |
| Price / MAexp20: | +5.05% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | -2.24% |
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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