ENZYME - MLN/USD - 1H - Technical analysis published on 11/11/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 16.31 USD
My targets
16.92 USD (+1.56%)
18.51 USD (+11.10%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 16.31 USD remains possible. It is advisable to trade ENZYME - MLN/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 16.31 USD. The next bullish objective for buyers is set at 16.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.51 USD. If there is any crossing, the next objective would be the resistance located at 20.04 USD. PS: if there is a bearish break in the support located at 16.31 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.8
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Additional analysis
Quotes
The ENZYME - MLN/USD rating is 16.66 USD. The price registered a decrease of -0.06% on the session with the lowest point at 16.63 USD and the highest point at 17.08 USD. The deviation from the price is +0.18% for the low point and -2.46% for the high point.16.63
17.08
16.66
Here is a more detailed summary of the historical variations registered by ENZYME - MLN/USD:
Technical
A technical analysis in 1H of this ENZYME - MLN/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.95 | 16.31 | 16.58 | 16.66 | 16.92 | 18.51 | 20.04 |
| Change (%) | -4.26% | -2.10% | -0.48% | - | +1.56% | +11.10% | +20.29% |
| Change | -0.71 | -0.35 | -0.08 | - | +0.26 | +1.85 | +3.38 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
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 | 14.68 | 15.40 | 16.04 | 16.76 | 17.40 | 18.12 | 18.76 |
| Camarilla | 16.30 | 16.42 | 16.55 | 16.67 | 16.80 | 16.92 | 17.04 |
| Woodie | 14.63 | 15.38 | 15.99 | 16.74 | 17.35 | 18.10 | 18.71 |
| Fibonacci | 15.40 | 15.92 | 16.24 | 16.76 | 17.28 | 17.60 | 18.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.41 | 13.30 | 14.80 | 15.69 | 17.19 | 18.08 | 19.58 |
| Camarilla | 15.64 | 15.86 | 16.08 | 16.30 | 16.52 | 16.74 | 16.96 |
| Woodie | 12.72 | 13.45 | 15.11 | 15.84 | 17.50 | 18.23 | 19.89 |
| Fibonacci | 13.30 | 14.21 | 14.78 | 15.69 | 16.60 | 17.17 | 18.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.58 | 12.27 | 13.96 | 16.65 | 18.34 | 21.03 | 22.72 |
| Camarilla | 14.44 | 14.84 | 15.24 | 15.64 | 16.04 | 16.44 | 16.85 |
| Woodie | 9.07 | 12.02 | 13.45 | 16.40 | 17.83 | 20.78 | 22.21 |
| Fibonacci | 12.27 | 13.95 | 14.98 | 16.65 | 18.33 | 19.36 | 21.03 |
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): | 50.69 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 0.34 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 16.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.11 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 17.40 | |
| Zig ZAG (10): | 16.74 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 47.83 | |
| TEMA (21): | 16.84 | |
| Williams %R (14): | -62.16 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | -0.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.59 |
| MA7: | 16.18 | |
| MA20: | 15.95 | |
| MA50: | 16.42 | |
| MA100: | 16.05 | |
| MAexp7: | 16.79 | |
| MAexp20: | 16.77 | |
| MAexp50: | 16.59 | |
| MAexp100: | 16.34 | |
| Price / MA7: | +2.97% | |
| Price / MA20: | +4.45% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +3.80% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +1.96% |
Quotes :
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Real time data
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