ENZYME - MLN/USD - 1H - Technical analysis published on 10/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 15.61 USD
My targets
14.87 USD (-2.04%)
13.65 USD (-10.08%)
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 15.61 USD, a sale could be considered. The first bearish objective is located at 14.87 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 13.65 USD as an objective. Crossing it would then enable sellers to target 13.02 USD. If the price were to return above 15.61 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
3.6
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Additional analysis
Quotes
The ENZYME - MLN/USD price is 15.18 USD. On the day, this instrument lost -2.13% with the lowest point at 15.01 USD and the highest point at 16.35 USD. The deviation from the price is +1.13% for the low point and -7.16% for the high point.15.01
16.35
15.18
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ENZYME - MLN/USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 13.02 | 13.65 | 14.87 | 15.18 | 15.61 | 18.66 | 21.07 |
| Change (%) | -14.23% | -10.08% | -2.04% | - | +2.83% | +22.92% | +38.80% |
| Change | -2.16 | -1.53 | -0.31 | - | +0.43 | +3.48 | +5.89 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 11.13 | 13.20 | 14.36 | 16.43 | 17.59 | 19.66 | 20.82 |
| Camarilla | 14.62 | 14.92 | 15.21 | 15.51 | 15.81 | 16.10 | 16.40 |
| Woodie | 10.67 | 12.97 | 13.90 | 16.20 | 17.13 | 19.43 | 20.36 |
| Fibonacci | 13.20 | 14.44 | 15.20 | 16.43 | 17.67 | 18.43 | 19.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.07 | 10.86 | 13.18 | 15.97 | 18.29 | 21.08 | 23.40 |
| Camarilla | 14.11 | 14.57 | 15.04 | 15.51 | 15.98 | 16.45 | 16.92 |
| Woodie | 7.85 | 10.74 | 12.96 | 15.85 | 18.07 | 20.96 | 23.18 |
| Fibonacci | 10.86 | 12.81 | 14.02 | 15.97 | 17.92 | 19.13 | 21.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.64 | 8.80 | 12.00 | 16.16 | 19.36 | 23.52 | 26.72 |
| Camarilla | 13.18 | 13.85 | 14.53 | 15.20 | 15.88 | 16.55 | 17.22 |
| Woodie | 4.16 | 8.56 | 11.52 | 15.92 | 18.88 | 23.28 | 26.24 |
| Fibonacci | 8.80 | 11.61 | 13.35 | 16.16 | 18.97 | 20.71 | 23.52 |
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): | 41.08 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -6.80 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.23 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 16.00 | |
| Zig ZAG (10): | 15.18 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 10.39 | |
| TEMA (21): | 15.04 | |
| Williams %R (14): | -85.38 | |
| Chande Momentum Oscillator (20): | -0.66 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 7.95 |
| MA7: | 14.54 | |
| MA20: | 15.18 | |
| MA50: | 14.75 | |
| MA100: | 16.15 | |
| MAexp7: | 15.25 | |
| MAexp20: | 15.54 | |
| MAexp50: | 15.56 | |
| MAexp100: | 15.23 | |
| Price / MA7: | +4.40% | |
| Price / MA20: | -0% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | -6.01% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -2.32% | |
| Price / MAexp50: | -2.44% | |
| Price / MAexp100: | -0.33% |
Quotes :
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Real time data
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