AGM GROUP HOLDINGS INC. - Daily - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 19.23 USD
My targets
16.22 USD (-3.45%)
13.19 USD (-21.49%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on AGM GROUP HOLDINGS INC. as long as the price remains well below 19.23 USD. The next bearish objective for sellers is set at 16.22 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 13.19 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
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 AGM GROUP HOLDINGS INC. rating is 16.80 USD. The price registered an increase of +1.57% on the session and was traded between 16.60 USD and 16.85 USD over the period. The price is currently at +1.20% from its lowest and -0.30% from its highest.16.60
16.85
16.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AGM GROUP HOLDINGS INC.:
Technical
Technical analysis of AGM GROUP HOLDINGS INC. in Daily shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.19 | 16.22 | 16.80 | 19.23 | 24.00 | 30.99 |
| Change (%) | -21.49% | -3.45% | - | +14.46% | +42.86% | +84.46% |
| Change | -3.61 | -0.58 | - | +2.43 | +7.20 | +14.19 |
| Level | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.00 | 15.66 | 15.99 | 16.65 | 16.98 | 17.64 | 17.97 |
| Camarilla | 16.05 | 16.14 | 16.23 | 16.32 | 16.41 | 16.50 | 16.59 |
| Woodie | 14.84 | 15.58 | 15.83 | 16.57 | 16.82 | 17.56 | 17.81 |
| Fibonacci | 15.66 | 16.04 | 16.27 | 16.65 | 17.03 | 17.26 | 17.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.74 | 15.29 | 16.39 | 16.93 | 18.03 | 18.58 | 19.67 |
| Camarilla | 17.03 | 17.18 | 17.33 | 17.48 | 17.63 | 17.78 | 17.93 |
| Woodie | 15.02 | 15.43 | 16.66 | 17.07 | 18.30 | 18.71 | 19.95 |
| Fibonacci | 15.29 | 15.92 | 16.31 | 16.93 | 17.56 | 17.95 | 18.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.24 | 12.15 | 14.82 | 16.73 | 19.39 | 21.31 | 23.97 |
| Camarilla | 16.22 | 16.64 | 17.06 | 17.48 | 17.90 | 18.32 | 18.74 |
| Woodie | 10.61 | 12.34 | 15.19 | 16.92 | 19.77 | 21.49 | 24.35 |
| Fibonacci | 12.15 | 13.90 | 14.98 | 16.73 | 18.48 | 19.56 | 21.31 |
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): | 49.74 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 1.52 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 16.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.46 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 14.36 | |
| Zig ZAG (10): | 16.54 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 38.40 | |
| TEMA (21): | 16.70 | |
| Williams %R (14): | -70.72 | |
| Chande Momentum Oscillator (20): | 0.49 | |
| Repulse (5,40,3): | -3.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.00 |
| MA7: | 16.63 | |
| MA20: | 16.94 | |
| MA50: | 17.00 | |
| MA100: | 16.71 | |
| MAexp7: | 16.71 | |
| MAexp20: | 16.84 | |
| MAexp50: | 16.94 | |
| MAexp100: | 17.96 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -1.18% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -6.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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