ENZYME - MLN/USD - 1H - Technical analysis published on 10/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 29.30 USD
My targets
26.57 USD (-3.45%)
23.28 USD (-15.41%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ENZYME - MLN/USD, which is a positive signal for sellers. As long as the price remains above 29.30 USD, a sale could be considered. The first bearish objective is located at 26.57 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.28 USD as an objective. Crossing it would then enable sellers to target 18.73 USD. If the price were to return above 29.30 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
ENZYME - MLN/USD rating 27.52 USD. The price registered an increase of +4.09% on the session and was traded between 26.49 USD and 27.66 USD over the period. The price is currently at +3.89% from its lowest and -0.51% from its highest.26.49
27.66
27.52
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of ENZYME - MLN/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.73 | 23.28 | 26.57 | 27.52 | 31.43 | 36.02 | 41.39 |
| Change (%) | -31.94% | -15.41% | -3.45% | - | +14.21% | +30.89% | +50.40% |
| Change | -8.79 | -4.24 | -0.95 | - | +3.91 | +8.50 | +13.87 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.93 | 22.19 | 24.31 | 28.57 | 30.69 | 34.95 | 37.07 |
| Camarilla | 24.69 | 25.27 | 25.86 | 26.44 | 27.03 | 27.61 | 28.20 |
| Woodie | 16.87 | 21.66 | 23.25 | 28.04 | 29.63 | 34.42 | 36.01 |
| Fibonacci | 22.19 | 24.62 | 26.13 | 28.57 | 31.00 | 32.51 | 34.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -11.17 | 3.75 | 19.75 | 34.67 | 50.67 | 65.59 | 81.59 |
| Camarilla | 27.25 | 30.08 | 32.92 | 35.75 | 38.58 | 41.42 | 44.25 |
| Woodie | -10.63 | 4.02 | 20.29 | 34.94 | 51.21 | 65.86 | 82.13 |
| Fibonacci | 3.75 | 15.56 | 22.86 | 34.67 | 46.48 | 53.78 | 65.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.06 | 14.95 | 17.14 | 21.03 | 23.22 | 27.11 | 29.30 |
| Camarilla | 17.67 | 18.23 | 18.78 | 19.34 | 19.90 | 20.46 | 21.01 |
| Woodie | 10.22 | 14.53 | 16.30 | 20.61 | 22.38 | 26.69 | 28.46 |
| Fibonacci | 14.95 | 17.27 | 18.70 | 21.03 | 23.35 | 24.78 | 27.11 |
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): | 42.74 | |
| MACD (12,26,9): | -0.7300 | |
| Directional Movement: | -0.86 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 27.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.86 | |
| Elder Ray (13): | -0.42 | |
| Super Trend (3,10): | 29.67 | |
| Zig ZAG (10): | 27.24 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 10.99 | |
| TEMA (21): | 26.93 | |
| Williams %R (14): | -81.86 | |
| Chande Momentum Oscillator (20): | -1.37 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 7.78 |
| MA7: | 26.39 | |
| MA20: | 21.93 | |
| MA50: | 21.32 | |
| MA100: | 23.72 | |
| MAexp7: | 27.29 | |
| MAexp20: | 28.14 | |
| MAexp50: | 28.93 | |
| MAexp100: | 27.98 | |
| Price / MA7: | +4.28% | |
| Price / MA20: | +25.49% | |
| Price / MA50: | +29.08% | |
| Price / MA100: | +16.02% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | -2.20% | |
| Price / MAexp50: | -4.87% | |
| Price / MAexp100: | -1.64% |
Quotes :
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Real time data
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