MICROSECTORS FANG INDEX -3X INVERSE LE - 1H - Technical analysis published on 07/28/2022 (GMT)
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- Timeframe : 1H
- - 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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 52.46 USD
My targets
44.50 USD (-4.96%)
38.66 USD (-17.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICROSECTORS FANG INDEX -3X INVERSE LE as long as the price remains well below 52.46 USD. The sellers' bearish objective is set at 44.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 38.66 USD. In case of crossing, the next objective would be the support located at 36.44 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROSECTORS FANG INDEX -3X INVERSE LE rating is 46.82 USD. The price registered a decrease of -0.47% on the session and was traded between 46.59 USD and 50.75 USD over the period. The price is currently at +0.49% from its lowest and -7.74% from its highest.46.59
50.75
46.82
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICROSECTORS FANG INDEX -3X INVERSE LE chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 36.44 | 44.50 | 46.82 | 53.07 | 58.98 | 63.87 |
| Change (%) | -22.17% | -4.96% | - | +13.35% | +25.97% | +36.42% |
| Change | -10.38 | -2.32 | - | +6.25 | +12.16 | +17.05 |
| Level | Minor | Intermediate | - | Major | Intermediate | Intermediate |
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 | 37.65 | 42.04 | 44.54 | 48.93 | 51.43 | 55.82 | 58.32 |
| Camarilla | 45.15 | 45.78 | 46.41 | 47.04 | 47.67 | 48.30 | 48.94 |
| Woodie | 36.71 | 41.57 | 43.60 | 48.46 | 50.49 | 55.35 | 57.38 |
| Fibonacci | 42.04 | 44.67 | 46.30 | 48.93 | 51.56 | 53.19 | 55.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.73 | 38.66 | 44.53 | 52.46 | 58.33 | 66.26 | 72.13 |
| Camarilla | 46.60 | 47.86 | 49.13 | 50.39 | 51.66 | 52.92 | 54.19 |
| Woodie | 29.69 | 38.15 | 43.49 | 51.95 | 57.29 | 65.75 | 71.09 |
| Fibonacci | 38.66 | 43.94 | 47.19 | 52.46 | 57.74 | 60.99 | 66.26 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.63 | |
| MACD (12,26,9): | -1.2900 | |
| Directional Movement: | -16.90 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 48.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.01 | |
| Elder Ray (13): | -1.62 | |
| Super Trend (3,10): | 51.89 | |
| Zig ZAG (10): | 47.14 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 11.88 | |
| TEMA (21): | 47.67 | |
| Williams %R (14): | -92.52 | |
| Chande Momentum Oscillator (20): | -4.48 | |
| Repulse (5,40,3): | -3.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 23.23 |
| MA7: | 49.93 | |
| MA20: | 56.24 | |
| MA50: | 63.14 | |
| MA100: | 60.21 | |
| MAexp7: | 48.16 | |
| MAexp20: | 49.89 | |
| MAexp50: | 51.74 | |
| MAexp100: | 54.25 | |
| Price / MA7: | -6.23% | |
| Price / MA20: | -16.75% | |
| Price / MA50: | -25.85% | |
| Price / MA100: | -22.24% | |
| Price / MAexp7: | -2.78% | |
| Price / MAexp20: | -6.15% | |
| Price / MAexp50: | -9.51% | |
| Price / MAexp100: | -13.70% |
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.
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