STELLAR - XLM/EUR - Weekly - Technical analysis published on 06/02/2020 (GMT)
- Who voted?
- 222
- 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 : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.045915 EUR
My targets
0.078486 EUR (+10.45%)
0.087382 EUR (+22.97%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for STELLAR - XLM/EUR as long as the price remains well above 0.045915 EUR. The buyers” bullish objective is set at 0.078486 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.087382 EUR. If there is any crossing, the next objective would be the resistance located at 0.153500 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.078486 EUR. On this resistance, against the trend traders who would like to go short on STELLAR - XLM/EUR with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.2
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 BogdanFl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STELLAR - XLM/EUR rating 0.071062 EUR. The price is up +18.49% over 5 days and has been traded over the last 5 days between 0.060150 EUR and 0.068874 EUR. This implies that the 5 day price is +18.14% from its lowest point and +3.18% from its highest point.0.060150
0.068874
0.071062
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
Here is a more detailed summary of the historical variations registered by STELLAR - XLM/EUR:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of STELLAR - XLM/EUR indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Weekly
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
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:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.029442 | 0.071062 | 0.078486 | 0.153500 | 0.241331 |
| Change (%) | -58.57% | - | +10.45% | +116.01% | +239.61% |
| Change | -0.041620 | - | +0.007424 | +0.082438 | +0.170269 |
| Level | Major | - | Intermediate | 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 | 0.058414 | 0.060640 | 0.064378 | 0.066604 | 0.070342 | 0.072568 | 0.076306 |
| Camarilla | 0.066477 | 0.067024 | 0.067570 | 0.068117 | 0.068664 | 0.069210 | 0.069757 |
| Woodie | 0.059171 | 0.061018 | 0.065135 | 0.066982 | 0.071099 | 0.072946 | 0.077063 |
| Fibonacci | 0.060640 | 0.062918 | 0.064325 | 0.066604 | 0.068882 | 0.070289 | 0.072568 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.052757 | 0.055435 | 0.060337 | 0.063015 | 0.067917 | 0.070595 | 0.075497 |
| Camarilla | 0.063155 | 0.063849 | 0.064544 | 0.065239 | 0.065934 | 0.066629 | 0.067324 |
| Woodie | 0.053869 | 0.055991 | 0.061449 | 0.063571 | 0.069029 | 0.071151 | 0.076609 |
| Fibonacci | 0.055435 | 0.058331 | 0.060119 | 0.063015 | 0.065911 | 0.067699 | 0.070595 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038509 | 0.045915 | 0.054800 | 0.062206 | 0.071091 | 0.078497 | 0.087382 |
| Camarilla | 0.059206 | 0.060699 | 0.062193 | 0.063686 | 0.065179 | 0.066673 | 0.068166 |
| Woodie | 0.039250 | 0.046285 | 0.055541 | 0.062576 | 0.071832 | 0.078867 | 0.088123 |
| Fibonacci | 0.045915 | 0.052138 | 0.055983 | 0.062206 | 0.068429 | 0.072274 | 0.078497 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.25 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 8.764714 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.057903 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023278 | |
| Elder Ray (13): | 0.008348 | |
| Super Trend (3,10): | 0.071339 | |
| Zig ZAG (10): | 0.070626 | |
| VORTEX (21): | 1.0860 | |
| Stochastique (14,3,5): | 86.86 | |
| TEMA (21): | 0.065352 | |
| Williams %R (14): | -4.41 | |
| Chande Momentum Oscillator (20): | 0.037286 | |
| Repulse (5,40,3): | 22.6768 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 44.81 |
| MA7: | 0.064449 | |
| MA20: | 0.062985 | |
| MA50: | 0.060005 | |
| MA100: | 0.051529 | |
| MAexp7: | 0.062962 | |
| MAexp20: | 0.057280 | |
| MAexp50: | 0.065079 | |
| MAexp100: | 0.077820 | |
| Price / MA7: | +10.26% | |
| Price / MA20: | +12.82% | |
| Price / MA50: | +18.43% | |
| Price / MA100: | +37.91% | |
| Price / MAexp7: | +12.86% | |
| Price / MAexp20: | +24.06% | |
| Price / MAexp50: | +9.19% | |
| Price / MAexp100: | -8.68% |
Quotes :
2020-06-02 08:19:29
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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/EUR - Weekly