VERTEX ENERGY INC - 1H - Technical analysis published on 06/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.758 USD
My targets
0.847 USD (+8.55%)
0.870 USD (+11.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VERTEX ENERGY INC as long as the price remains well above 0.758 USD. The buyers” bullish objective is set at 0.847 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.870 USD. If there is any crossing, the next objective would be the resistance located at 0.971 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.9
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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 VERTEX ENERGY INC price is 0.780 USD. The price registered an increase of +13.04% on the session with the lowest point at 0.700 USD and the highest point at 0.781 USD. The deviation from the price is +11.43% for the low point and -0.13% for the high point.0.700
0.781
0.780
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of VERTEX ENERGY INC in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.597 | 0.650 | 0.720 | 0.780 | 0.870 | 0.971 | 1.203 |
| Change (%) | -23.46% | -16.67% | -7.69% | - | +11.54% | +24.49% | +54.23% |
| Change | -0.183 | -0.130 | -0.060 | - | +0.090 | +0.191 | +0.423 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.623 | 0.637 | 0.663 | 0.677 | 0.703 | 0.717 | 0.743 |
| Camarilla | 0.679 | 0.683 | 0.686 | 0.690 | 0.694 | 0.697 | 0.701 |
| Woodie | 0.630 | 0.640 | 0.670 | 0.680 | 0.710 | 0.720 | 0.750 |
| Fibonacci | 0.637 | 0.652 | 0.661 | 0.677 | 0.692 | 0.701 | 0.717 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.551 | 0.586 | 0.620 | 0.655 | 0.689 | 0.724 | 0.758 |
| Camarilla | 0.636 | 0.642 | 0.649 | 0.655 | 0.661 | 0.668 | 0.674 |
| Woodie | 0.552 | 0.586 | 0.621 | 0.655 | 0.690 | 0.724 | 0.759 |
| Fibonacci | 0.586 | 0.612 | 0.628 | 0.655 | 0.681 | 0.697 | 0.724 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.127 | 0.318 | 0.487 | 0.678 | 0.847 | 1.038 | 1.207 |
| Camarilla | 0.556 | 0.589 | 0.622 | 0.655 | 0.688 | 0.721 | 0.754 |
| Woodie | 0.115 | 0.313 | 0.475 | 0.673 | 0.835 | 1.033 | 1.195 |
| Fibonacci | 0.318 | 0.456 | 0.541 | 0.678 | 0.816 | 0.901 | 1.038 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.85 | |
| MACD (12,26,9): | 0.0120 | |
| Directional Movement: | 11.948 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 0.700 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.652 | |
| Elder Ray (13): | 0.037 | |
| Super Trend (3,10): | 0.660 | |
| Zig ZAG (10): | 0.740 | |
| VORTEX (21): | 1.0850 | |
| Stochastique (14,3,5): | 81.05 | |
| TEMA (21): | 0.707 | |
| Williams %R (14): | -7.88 | |
| Chande Momentum Oscillator (20): | 0.060 | |
| Repulse (5,40,3): | 8.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1370 | |
| Courbe Coppock: | 4.90 |
| MA7: | 0.680 | |
| MA20: | 0.653 | |
| MA50: | 0.598 | |
| MA100: | 0.918 | |
| MAexp7: | 0.705 | |
| MAexp20: | 0.684 | |
| MAexp50: | 0.668 | |
| MAexp100: | 0.649 | |
| Price / MA7: | +14.71% | |
| Price / MA20: | +19.45% | |
| Price / MA50: | +30.43% | |
| Price / MA100: | -15.03% | |
| Price / MAexp7: | +10.64% | |
| Price / MAexp20: | +14.04% | |
| Price / MAexp50: | +16.77% | |
| Price / MAexp100: | +20.18% |
Quotes :
2020-06-05 15:21:51
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on VERTEX ENERGY INC at the time of the analysis were as follows:
- Vertex Energy Reports First Quarter 2020 Results
- Vertex Energy, Inc. Announces First Quarter 2020 Results Conference Call Date
- Vertex Energy, Inc. Provides Business Update
- Vertex Energy, Inc. Reports Fourth Quarter And Full-Year 2019 Results
- Vertex Energy, Inc. Announces Fourth Quarter And Full-Year 2019 Results Conference Call Date
This member declared not having a position on this financial instrument or a related financial instrument.
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