OMG NETWORK - OMG/USD - 1H - Technical analysis published on 04/27/2020 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
44%
22%
My opinion
Bullish above 0.626667 USD
My targets
0.673333 USD (+2.02%)
0.724000 USD (+9.70%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on OMISEGO - OMG/USD. As long as you are above the support located at 0.626667 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.673333 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.724000 USD as an objective. Crossing it would then enable buyers to target 0.928000 USD. If the support 0.626667 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMISEGO - OMG/USD rating is 0.660000 USD. On the day, this instrument gained +0.00% with the lowest point at 0.640000 USD and the highest point at 0.690000 USD. The deviation from the price is +3.13% for the low point and -4.35% for the high point.0.640000
0.690000
0.660000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this OMISEGO - OMG/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.562727 | 0.590000 | 0.620000 | 0.660000 | 0.724000 | 0.928000 | 1.045710 |
Change (%) | -14.74% | -10.61% | -6.06% | - | +9.70% | +40.61% | +58.44% |
Change | -0.097273 | -0.070000 | -0.040000 | - | +0.064000 | +0.268000 | +0.385710 |
Level | Major | Major | Intermediate | - | Minor | Minor | Major |
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 | 0.576667 | 0.593333 | 0.626667 | 0.643333 | 0.676667 | 0.693333 | 0.726667 |
Camarilla | 0.646250 | 0.650833 | 0.655417 | 0.660000 | 0.664583 | 0.669167 | 0.673750 |
Woodie | 0.585000 | 0.597500 | 0.635000 | 0.647500 | 0.685000 | 0.697500 | 0.735000 |
Fibonacci | 0.593333 | 0.612433 | 0.624233 | 0.643333 | 0.662433 | 0.674233 | 0.693333 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.433333 | 0.476667 | 0.553333 | 0.596667 | 0.673333 | 0.716667 | 0.793333 |
Camarilla | 0.597000 | 0.608000 | 0.619000 | 0.630000 | 0.641000 | 0.652000 | 0.663000 |
Woodie | 0.450000 | 0.485000 | 0.570000 | 0.605000 | 0.690000 | 0.725000 | 0.810000 |
Fibonacci | 0.476667 | 0.522507 | 0.550827 | 0.596667 | 0.642507 | 0.670827 | 0.716667 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.506667 | -0.093333 | 0.213333 | 0.626667 | 0.933333 | 1.346667 | 1.653333 |
Camarilla | 0.322000 | 0.388000 | 0.454000 | 0.520000 | 0.586000 | 0.652000 | 0.718000 |
Woodie | -0.560000 | -0.120000 | 0.160000 | 0.600000 | 0.880000 | 1.320000 | 1.600000 |
Fibonacci | -0.093333 | 0.181707 | 0.351627 | 0.626667 | 0.901707 | 1.071627 | 1.346667 |
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): | 45.83 | |
MACD (12,26,9): | -0.0007 | |
Directional Movement: | -8.860770 | |
AROON (14): | -100.000000 | |
DEMA (21): | 0.659262 | |
Parabolic SAR (0,02-0,02-0,2): | 0.678665 | |
Elder Ray (13): | -0.011699 | |
Super Trend (3,10): | 0.685430 | |
Zig ZAG (10): | 0.650000 | |
VORTEX (21): | 0.9655 | |
Stochastique (14,3,5): | 15.00 | |
TEMA (21): | 0.652255 | |
Williams %R (14): | -75.00 | |
Chande Momentum Oscillator (20): | -0.010000 | |
Repulse (5,40,3): | 0.4371 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0864 | |
Courbe Coppock: | 5.15 |
MA7: | 0.615714 | |
MA20: | 0.586500 | |
MA50: | 0.557200 | |
MA100: | 0.770100 | |
MAexp7: | 0.652314 | |
MAexp20: | 0.657737 | |
MAexp50: | 0.649438 | |
MAexp100: | 0.633311 | |
Price / MA7: | +7.19% | |
Price / MA20: | +12.53% | |
Price / MA50: | +18.45% | |
Price / MA100: | -14.30% | |
Price / MAexp7: | +1.18% | |
Price / MAexp20: | +0.34% | |
Price / MAexp50: | +1.63% | |
Price / MAexp100: | +4.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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