Londinia Opportunities Analyses - 12/03/2021 (GMT) TRI CONTINENTAL - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	TY
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 34.91 USD

My targets

34.55 USD (-0.58%)

33.36 USD (-4.00%)

My analysis

TRI CONTINENTAL is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.91 USD. The next support located at 34.55 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 33.36 USD. Below this support, sellers could then target 32.17 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.7

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

TRI CONTINENTAL rating 34.75 USD. On the day, this instrument lost -0.37% with the lowest point at 34.71 USD and the highest point at 35.20 USD. The deviation from the price is +0.12% for the low point and -1.28% for the high point.

34.71

35.20

34.75

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TRI CONTINENTAL chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	33.36	34.39	34.55	34.75	34.78	34.91	35.14
Change (%)	-4.00%	-1.04%	-0.58%	-	+0.09%	+0.46%	+1.12%
Change	-1.39	-0.36	-0.20	-	+0.03	+0.16	+0.39
Level	Major	Intermediate	Intermediate	-	Minor	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	34.23	34.44	34.66	34.87	35.09	35.30	35.52
Camarilla	34.76	34.80	34.84	34.88	34.92	34.96	35.00
Woodie	34.24	34.44	34.67	34.87	35.10	35.30	35.53
Fibonacci	34.44	34.60	34.71	34.87	35.03	35.14	35.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.69	34.23	34.71	35.25	35.73	36.27	36.75
Camarilla	34.90	34.99	35.09	35.18	35.27	35.37	35.46
Woodie	33.65	34.22	34.67	35.24	35.69	36.26	36.71
Fibonacci	34.23	34.62	34.86	35.25	35.64	35.88	36.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.29	33.99	34.39	35.09	35.49	36.19	36.59
Camarilla	34.48	34.58	34.68	34.78	34.88	34.98	35.08
Woodie	33.13	33.92	34.23	35.02	35.33	36.12	36.43
Fibonacci	33.99	34.41	34.67	35.09	35.51	35.77	36.19

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):	40.19
MACD (12,26,9):	-0.1000
Directional Movement:	-11.92
AROON (14):	-21.43
DEMA (21):	34.81
Parabolic SAR (0,02-0,02-0,2):	35.24
Elder Ray (13):	-0.16
Super Trend (3,10):	35.27
Zig ZAG (10):	34.71
VORTEX (21):	0.8800
Stochastique (14,3,5):	31.48
TEMA (21):	34.82
Williams %R (14):	-64.61
Chande Momentum Oscillator (20):	-0.16
Repulse (5,40,3):	-0.2900
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.01

MA7:	35.01
MA20:	35.36
MA50:	34.71
MA100:	34.37
MAexp7:	34.86
MAexp20:	34.94
MAexp50:	35.12
MAexp100:	35.23
Price / MA7:	-0.74%
Price / MA20:	-1.73%
Price / MA50:	+0.12%
Price / MA100:	+1.11%
Price / MAexp7:	-0.32%
Price / MAexp20:	-0.54%
Price / MAexp50:	-1.05%
Price / MAexp100:	-1.36%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on TRI CONTINENTAL at the time of the generation of this analysis was as follows: