STELLAR - XLM/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XLMUSD
ISIN:

STELLAR - XLM/USD - Daily - Technical analysis published on 09/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

72%

22%

My opinion

Bullish above 0.057220 USD

My targets

0.088431 USD (+12.36%)

0.118551 USD (+50.64%)

My analysis

The strong short-term increase in Stellar - XLM/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.057220 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.088431 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.118551 USD as an objective. Crossing it would then enable buyers to target 0.143124 USD. Caution, a return under 0.057220 USD could jeopardize the reversal.

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

2.5

Comment on the analysis

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

The Stellar - XLM/USD rating is 0.078700 USD. On the day, this instrument gained +23.63% with the lowest point at 0.063501 USD and the highest point at 0.089999 USD. The deviation from the price is +23.94% for the low point and -12.55% for the high point.

0.063501

0.089999

0.078700

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:

Technical

Technical analysis of this Daily chart of Stellar - XLM/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

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

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.057220	0.078700	0.088431	0.118551	0.143124
Change (%)	-27.29%	-	+12.36%	+50.64%	+81.86%
Change	-0.021480	-	+0.009731	+0.039851	+0.064424
Level	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.050419	0.054279	0.058967	0.062827	0.067515	0.071375	0.076063
Camarilla	0.061305	0.062089	0.062872	0.063656	0.064440	0.065223	0.066007
Woodie	0.050834	0.054486	0.059382	0.063034	0.067930	0.071582	0.076478
Fibonacci	0.054279	0.057544	0.059561	0.062827	0.066092	0.068109	0.071375

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.051631	0.054480	0.056103	0.058952	0.060575	0.063424	0.065047
Camarilla	0.056497	0.056907	0.057317	0.057727	0.058137	0.058547	0.058957
Woodie	0.051019	0.054174	0.055491	0.058646	0.059963	0.063118	0.064435
Fibonacci	0.054480	0.056188	0.057243	0.058952	0.060660	0.061715	0.063424

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.029433	0.044917	0.053449	0.068933	0.077465	0.092949	0.101481
Camarilla	0.055377	0.057578	0.059780	0.061981	0.064183	0.066384	0.068585
Woodie	0.025957	0.043179	0.049973	0.067195	0.073989	0.091211	0.098005
Fibonacci	0.044917	0.054091	0.059759	0.068933	0.078107	0.083775	0.092949

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):	73.55
MACD (12,26,9):	-0.0010
Directional Movement:	40.074951
AROON (14):	28.571426
DEMA (21):	0.060665
Parabolic SAR (0,02-0,02-0,2):	0.057515
Elder Ray (13):	0.013944
Super Trend (3,10):	0.061315
Zig ZAG (10):	0.078517
VORTEX (21):	0.9612
Stochastique (14,3,5):	50.40
TEMA (21):	0.063464
Williams %R (14):	-37.05
Chande Momentum Oscillator (20):	0.019758
Repulse (5,40,3):	18.0260
ROCnROLL:	1
TRIX (15,9):	-0.6519
Courbe Coppock:	4.46

MA7:	0.061766
MA20:	0.061172
MA50:	0.068424
MA100:	0.086328
MAexp7:	0.064458
MAexp20:	0.063012
MAexp50:	0.069648
MAexp100:	0.080836
Price / MA7:	+27.42%
Price / MA20:	+28.65%
Price / MA50:	+15.02%
Price / MA100:	-8.84%
Price / MAexp7:	+22.10%
Price / MAexp20:	+24.90%
Price / MAexp50:	+13.00%
Price / MAexp100:	-2.64%

This member declared not having a position on this financial instrument or a related financial instrument.

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