ENZYME - MLN/USD - 1H - Technical analysis published on 11/11/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 16.45 USD
My targets
16.88 USD (+1.63%)
17.42 USD (+4.88%)
My analysis
ENZYME - MLN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16.45 USD. The next resistance located at 16.88 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 17.42 USD. After this resistance, buyers could then target 18.76 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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 ENZYME - MLN/USD price is 16.61 USD. On the day, this instrument lost -0.18% with the lowest point at 16.14 USD and the highest point at 16.72 USD. The deviation from the price is +2.91% for the low point and -0.66% for the high point.16.14
16.72
16.61
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ENZYME - MLN/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 | 15.86 | 16.24 | 16.45 | 16.61 | 16.66 | 16.88 | 18.76 |
| Change (%) | -4.52% | -2.23% | -0.96% | - | +0.30% | +1.63% | +12.94% |
| Change | -0.75 | -0.37 | -0.16 | - | +0.05 | +0.27 | +2.15 |
| Level | Minor | Major | Intermediate | - | Minor | Major | 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 | 15.47 | 15.80 | 16.22 | 16.55 | 16.97 | 17.30 | 17.72 |
| Camarilla | 16.43 | 16.50 | 16.57 | 16.64 | 16.71 | 16.78 | 16.85 |
| Woodie | 15.52 | 15.82 | 16.27 | 16.57 | 17.02 | 17.32 | 17.77 |
| Fibonacci | 15.80 | 16.09 | 16.26 | 16.55 | 16.84 | 17.01 | 17.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.36 | 14.88 | 15.38 | 15.90 | 16.40 | 16.92 | 17.42 |
| Camarilla | 15.60 | 15.69 | 15.79 | 15.88 | 15.97 | 16.07 | 16.16 |
| Woodie | 14.35 | 14.88 | 15.37 | 15.90 | 16.39 | 16.92 | 17.41 |
| Fibonacci | 14.88 | 15.27 | 15.51 | 15.90 | 16.29 | 16.53 | 16.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.51 | 11.07 | 13.62 | 16.18 | 18.73 | 21.29 | 23.84 |
| Camarilla | 14.76 | 15.22 | 15.69 | 16.16 | 16.63 | 17.10 | 17.57 |
| Woodie | 8.50 | 11.07 | 13.61 | 16.18 | 18.72 | 21.29 | 23.83 |
| Fibonacci | 11.07 | 13.03 | 14.23 | 16.18 | 18.14 | 19.34 | 21.29 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.38 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.32 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 16.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.17 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 16.21 | |
| Zig ZAG (10): | 16.55 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 66.46 | |
| TEMA (21): | 16.51 | |
| Williams %R (14): | -29.57 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.03 |
| MA7: | 16.30 | |
| MA20: | 15.95 | |
| MA50: | 15.51 | |
| MA100: | 15.56 | |
| MAexp7: | 16.52 | |
| MAexp20: | 16.50 | |
| MAexp50: | 16.46 | |
| MAexp100: | 16.37 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +4.14% | |
| Price / MA50: | +7.09% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +1.47% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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