STELLAR - XLM/USD - Daily - Technical analysis published on 01/06/2022 (GMT)
- 182
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.300483 USD
My targets
0.256194 USD (-4.48%)
0.211171 USD (-21.26%)
My analysis
There is a bearish trend on STELLAR - XLM/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.300483 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.256194 USD. Then the price could move towards 0.211171 USD. Then 0.084982 USD by extension. Be careful, a return to above the resistance 0.300483 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STELLAR - XLM/USD rating 0.268197 USD. The price has increased by +0.72% since the last closing and was between 0.258206 USD and 0.270799 USD. This implies that the price is at +3.87% from its lowest and at -0.96% from its highest.0.258206
0.270799
0.268197
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STELLAR - XLM/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
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 | 0.084982 | 0.211171 | 0.256194 | 0.268197 | 0.300483 | 0.340777 | 0.396041 |
Change (%) | -68.31% | -21.26% | -4.48% | - | +12.04% | +27.06% | +47.67% |
Change | -0.183215 | -0.057026 | -0.012003 | - | +0.032286 | +0.072580 | +0.127844 |
Level | Minor | Minor | Major | - | Minor | Minor | 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 | 0.209551 | 0.232255 | 0.249274 | 0.271978 | 0.288997 | 0.311701 | 0.328720 |
Camarilla | 0.255368 | 0.259010 | 0.262651 | 0.266292 | 0.269933 | 0.273575 | 0.277216 |
Woodie | 0.206708 | 0.230834 | 0.246431 | 0.270557 | 0.286154 | 0.310280 | 0.325877 |
Fibonacci | 0.232255 | 0.247430 | 0.256804 | 0.271978 | 0.287153 | 0.296527 | 0.311701 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.208271 | 0.233756 | 0.255278 | 0.280763 | 0.302285 | 0.327770 | 0.349292 |
Camarilla | 0.263873 | 0.268182 | 0.272491 | 0.276800 | 0.281109 | 0.285418 | 0.289727 |
Woodie | 0.206290 | 0.232765 | 0.253297 | 0.279772 | 0.300304 | 0.326779 | 0.347311 |
Fibonacci | 0.233756 | 0.251713 | 0.262806 | 0.280763 | 0.298720 | 0.309813 | 0.327770 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.103463 | 0.175057 | 0.220834 | 0.292428 | 0.338205 | 0.409799 | 0.455576 |
Camarilla | 0.234333 | 0.245092 | 0.255851 | 0.266610 | 0.277369 | 0.288128 | 0.298887 |
Woodie | 0.090554 | 0.168603 | 0.207925 | 0.285974 | 0.325296 | 0.403345 | 0.442667 |
Fibonacci | 0.175057 | 0.219893 | 0.247593 | 0.292428 | 0.337264 | 0.364964 | 0.409799 |
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): | 44.89 | |
MACD (12,26,9): | -0.0043 | |
Directional Movement: | -9.400753 | |
AROON (14): | -64.285712 | |
DEMA (21): | 0.270617 | |
Parabolic SAR (0,02-0,02-0,2): | 0.294823 | |
Elder Ray (13): | -0.011980 | |
Super Trend (3,10): | 0.318571 | |
Zig ZAG (10): | 0.268732 | |
VORTEX (21): | 1.0040 | |
Stochastique (14,3,5): | 30.80 | |
TEMA (21): | 0.276955 | |
Williams %R (14): | -72.55 | |
Chande Momentum Oscillator (20): | -0.021065 | |
Repulse (5,40,3): | -3.0820 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2762 | |
Courbe Coppock: | 3.42 |
MA7: | 0.277454 | |
MA20: | 0.275040 | |
MA50: | 0.294418 | |
MA100: | 0.326273 | |
MAexp7: | 0.275731 | |
MAexp20: | 0.277935 | |
MAexp50: | 0.293815 | |
MAexp100: | 0.311396 | |
Price / MA7: | -3.34% | |
Price / MA20: | -2.49% | |
Price / MA50: | -8.91% | |
Price / MA100: | -17.80% | |
Price / MAexp7: | -2.83% | |
Price / MAexp20: | -3.60% | |
Price / MAexp50: | -8.81% | |
Price / MAexp100: | -13.96% |
Quotes :
-
Real time data
-
Cryptocompare
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…
Add a comment
Comments
0 comments on the analysis STELLAR - XLM/USD - Daily