MICROSECTORS FANG INDEX -3X INVERSE LE - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 50.11 USD
My targets
44.50 USD (-9.11%)
44.18 USD (-9.76%)
My analysis
MICROSECTORS FANG INDEX -3X INVERSE LE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 50.11 USD. The next support located at 44.50 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 44.18 USD. Below this support, sellers could then target 40.06 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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Additional analysis
Quotes
The MICROSECTORS FANG INDEX -3X INVERSE LE price is 48.96 USD. On the day, this instrument gained +4.84% with the lowest point at 46.80 USD and the highest point at 49.13 USD. The deviation from the price is +4.62% for the low point and -0.35% for the high point.46.80
49.13
48.96
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICROSECTORS FANG INDEX -3X INVERSE LE:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MICROSECTORS FANG INDEX -3X INVERSE LE indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
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 | 33.68 | 40.06 | 44.50 | 48.96 | 53.07 | 58.98 | 63.90 |
| Change (%) | -31.21% | -18.18% | -9.11% | - | +8.39% | +20.47% | +30.51% |
| Change | -15.28 | -8.90 | -4.46 | - | +4.11 | +10.02 | +14.94 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 41.09 | 43.85 | 45.27 | 48.03 | 49.45 | 52.21 | 53.63 |
| Camarilla | 45.55 | 45.93 | 46.32 | 46.70 | 47.08 | 47.47 | 47.85 |
| Woodie | 40.43 | 43.52 | 44.61 | 47.70 | 48.79 | 51.88 | 52.97 |
| Fibonacci | 43.85 | 45.44 | 46.43 | 48.03 | 49.62 | 50.61 | 52.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.18 | 50.11 | 55.15 | 61.08 | 66.12 | 72.05 | 77.09 |
| Camarilla | 57.17 | 58.18 | 59.18 | 60.19 | 61.20 | 62.20 | 63.21 |
| Woodie | 43.74 | 49.89 | 54.71 | 60.86 | 65.68 | 71.83 | 76.65 |
| Fibonacci | 50.11 | 54.30 | 56.89 | 61.08 | 65.27 | 67.86 | 72.05 |
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): | 36.02 | |
| MACD (12,26,9): | -2.5200 | |
| Directional Movement: | -15.43 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 47.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.60 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 51.34 | |
| Zig ZAG (10): | 48.63 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 20.78 | |
| TEMA (21): | 46.40 | |
| Williams %R (14): | -63.62 | |
| Chande Momentum Oscillator (20): | -1.97 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7100 | |
| Courbe Coppock: | 18.64 |
| MA7: | 54.71 | |
| MA20: | 57.79 | |
| MA50: | 65.63 | |
| MA100: | 60.44 | |
| MAexp7: | 48.12 | |
| MAexp20: | 50.43 | |
| MAexp50: | 54.26 | |
| MAexp100: | 56.94 | |
| Price / MA7: | -10.51% | |
| Price / MA20: | -15.28% | |
| Price / MA50: | -25.40% | |
| Price / MA100: | -18.99% | |
| Price / MAexp7: | +1.75% | |
| Price / MAexp20: | -2.91% | |
| Price / MAexp50: | -9.77% | |
| Price / MAexp100: | -14.01% |
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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