STELLAR - XLM/USD - Daily - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 0.100116 USD
My targets
0.109950 USD (+4.58%)
0.132183 USD (+25.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STELLAR - XLM/USD as long as the price remains well above 0.100116 USD. The buyers” bullish objective is set at 0.109950 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.132183 USD. If there is any crossing, the next objective would be the resistance located at 0.181950 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 overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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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 STELLAR - XLM/USD rating is 0.105137 USD. On the day, this instrument gained +2.03% with the lowest point at 0.101000 USD and the highest point at 0.106434 USD. The deviation from the price is +4.10% for the low point and -1.22% for the high point.0.101000
0.106434
0.105137
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of STELLAR - XLM/USD in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight 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 : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 0.062928 | 0.086302 | 0.100116 | 0.105137 | 0.109950 | 0.181950 | 0.332700 |
| Change (%) | -40.15% | -17.91% | -4.78% | - | +4.58% | +73.06% | +216.44% |
| Change | -0.042209 | -0.018835 | -0.005021 | - | +0.004813 | +0.076813 | +0.227563 |
| Level | Intermediate | Major | Major | - | Major | Minor | 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 | 0.095667 | 0.097143 | 0.100097 | 0.101573 | 0.104527 | 0.106003 | 0.108957 |
| Camarilla | 0.101832 | 0.102238 | 0.102644 | 0.103050 | 0.103456 | 0.103862 | 0.104268 |
| Woodie | 0.096405 | 0.097513 | 0.100835 | 0.101943 | 0.105265 | 0.106373 | 0.109695 |
| Fibonacci | 0.097143 | 0.098836 | 0.099881 | 0.101573 | 0.103266 | 0.104311 | 0.106003 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070951 | 0.083965 | 0.093153 | 0.106167 | 0.115355 | 0.128369 | 0.137557 |
| Camarilla | 0.096235 | 0.098270 | 0.100305 | 0.102340 | 0.104375 | 0.106410 | 0.108446 |
| Woodie | 0.069037 | 0.083009 | 0.091239 | 0.105211 | 0.113441 | 0.127413 | 0.135643 |
| Fibonacci | 0.083965 | 0.092447 | 0.097686 | 0.106167 | 0.114649 | 0.119888 | 0.128369 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029636 | 0.047373 | 0.072041 | 0.089778 | 0.114446 | 0.132183 | 0.156851 |
| Camarilla | 0.085047 | 0.088934 | 0.092821 | 0.096708 | 0.100595 | 0.104482 | 0.108369 |
| Woodie | 0.033101 | 0.049106 | 0.075506 | 0.091511 | 0.117911 | 0.133916 | 0.160316 |
| Fibonacci | 0.047373 | 0.063572 | 0.073580 | 0.089778 | 0.105977 | 0.115985 | 0.132183 |
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): | 52.33 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 3.240904 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.106931 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.118303 | |
| Elder Ray (13): | -0.001029 | |
| Super Trend (3,10): | 0.090793 | |
| Zig ZAG (10): | 0.105474 | |
| VORTEX (21): | 0.9835 | |
| Stochastique (14,3,5): | 33.75 | |
| TEMA (21): | 0.104667 | |
| Williams %R (14): | -58.52 | |
| Chande Momentum Oscillator (20): | 0.003856 | |
| Repulse (5,40,3): | 5.2357 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3581 | |
| Courbe Coppock: | 0.70 |
| MA7: | 0.103993 | |
| MA20: | 0.105356 | |
| MA50: | 0.099470 | |
| MA100: | 0.085146 | |
| MAexp7: | 0.104359 | |
| MAexp20: | 0.104156 | |
| MAexp50: | 0.097887 | |
| MAexp100: | 0.088131 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | +5.70% | |
| Price / MA100: | +23.48% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +7.41% | |
| Price / MAexp100: | +19.30% |
Quotes :
2020-08-24 12:35:33
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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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