ENZYME - MLN/USD - 1H - Technical analysis published on 01/18/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 18.72 USD
My targets
18.35 USD (-1.34%)
17.82 USD (-4.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ENZYME - MLN/USD as long as the price remains well below 18.72 USD. The next bearish objective for sellers is set at 18.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.82 USD. If there is any crossing, the next objective would be the support located at 17.41 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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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 rating is 18.60 USD. On the day, this instrument lost -0.32% with the lowest point at 18.55 USD and the highest point at 19.16 USD. The deviation from the price is +0.27% for the low point and -2.92% for the high point.18.55
19.16
18.60
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 : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ENZYME - MLN/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 17.41 | 17.82 | 18.35 | 18.60 | 18.72 | 19.46 | 20.11 |
| Change (%) | -6.40% | -4.19% | -1.34% | - | +0.65% | +4.62% | +8.12% |
| Change | -1.19 | -0.78 | -0.25 | - | +0.12 | +0.86 | +1.51 |
| Level | Major | Minor | Major | - | Minor | Intermediate | 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 | 17.38 | 17.87 | 18.26 | 18.75 | 19.14 | 19.63 | 20.02 |
| Camarilla | 18.42 | 18.50 | 18.58 | 18.66 | 18.74 | 18.82 | 18.90 |
| Woodie | 17.34 | 17.85 | 18.22 | 18.73 | 19.10 | 19.61 | 19.98 |
| Fibonacci | 17.87 | 18.20 | 18.41 | 18.75 | 19.08 | 19.29 | 19.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.61 | 14.80 | 16.99 | 19.18 | 21.37 | 23.56 | 25.75 |
| Camarilla | 17.97 | 18.37 | 18.77 | 19.17 | 19.57 | 19.97 | 20.38 |
| Woodie | 12.60 | 14.80 | 16.98 | 19.18 | 21.36 | 23.56 | 25.74 |
| Fibonacci | 14.80 | 16.48 | 17.51 | 19.18 | 20.86 | 21.89 | 23.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.42 | 7.25 | 14.13 | 21.80 | 28.68 | 36.35 | 43.23 |
| Camarilla | 17.00 | 18.33 | 19.67 | 21.00 | 22.33 | 23.67 | 25.00 |
| Woodie | -0.83 | 7.05 | 13.73 | 21.60 | 28.28 | 36.15 | 42.83 |
| Fibonacci | 7.25 | 12.81 | 16.25 | 21.80 | 27.36 | 30.80 | 36.35 |
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): | 45.45 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -5.69 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 18.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.16 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 18.48 | |
| Zig ZAG (10): | 18.68 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 39.88 | |
| TEMA (21): | 18.85 | |
| Williams %R (14): | -78.54 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.38 |
| MA7: | 18.78 | |
| MA20: | 19.17 | |
| MA50: | 18.07 | |
| MA100: | 16.83 | |
| MAexp7: | 18.81 | |
| MAexp20: | 18.78 | |
| MAexp50: | 18.82 | |
| MAexp100: | 18.85 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -2.97% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +10.52% | |
| Price / MAexp7: | -1.12% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -1.17% | |
| Price / MAexp100: | -1.33% |
Quotes :
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Real time data
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Cryptocompare
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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