Londinia Opportunities Analyses - 06/08/2023 (GMT) DIME COMMUNITY BANCSHARES - 1H
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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 15.40 USD
My targets
15.77 USD (+1.74%)
16.29 USD (+5.10%)
My analysis
DIME COMMUNITY BANCSHARES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.40 USD. The next resistance located at 15.77 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 16.29 USD. After this resistance, buyers could then target 16.99 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
DIME COMMUNITY BANCSHARES rating 15.50 USD. On the day, this instrument gained +2.79% with the lowest point at 15.24 USD and the highest point at 15.50 USD. The deviation from the price is +1.71% for the low point and 0% for the high point.15.24
15.50
15.50
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on DIME COMMUNITY BANCSHARES were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of DIME COMMUNITY BANCSHARES in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.51 | 14.47 | 15.40 | 15.50 | 16.29 | 16.99 | 17.50 |
| Change (%) | -12.84% | -6.65% | -0.65% | - | +5.10% | +9.61% | +12.90% |
| Change | -1.99 | -1.03 | -0.10 | - | +0.79 | +1.49 | +2.00 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
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 | 14.10 | 14.51 | 14.79 | 15.20 | 15.48 | 15.89 | 16.17 |
| Camarilla | 14.89 | 14.95 | 15.02 | 15.08 | 15.14 | 15.21 | 15.27 |
| Woodie | 14.05 | 14.48 | 14.74 | 15.17 | 15.43 | 15.86 | 16.12 |
| Fibonacci | 14.51 | 14.77 | 14.93 | 15.20 | 15.46 | 15.62 | 15.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.96 | 12.63 | 13.23 | 13.90 | 14.50 | 15.17 | 15.77 |
| Camarilla | 13.48 | 13.60 | 13.71 | 13.83 | 13.95 | 14.06 | 14.18 |
| Woodie | 11.93 | 12.61 | 13.20 | 13.88 | 14.47 | 15.15 | 15.74 |
| Fibonacci | 12.63 | 13.12 | 13.42 | 13.90 | 14.39 | 14.69 | 15.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.81 | 11.00 | 12.61 | 14.80 | 16.41 | 18.60 | 20.21 |
| Camarilla | 13.17 | 13.51 | 13.86 | 14.21 | 14.56 | 14.91 | 15.26 |
| Woodie | 8.51 | 10.86 | 12.31 | 14.66 | 16.11 | 18.46 | 19.91 |
| Fibonacci | 11.00 | 12.46 | 13.35 | 14.80 | 16.26 | 17.15 | 18.60 |
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): | 65.52 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 19.78 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 15.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.80 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 14.41 | |
| Zig ZAG (10): | 15.50 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 81.64 | |
| TEMA (21): | 15.47 | |
| Williams %R (14): | -5.92 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 17.46 |
| MA7: | 14.48 | |
| MA20: | 14.18 | |
| MA50: | 15.54 | |
| MA100: | 17.70 | |
| MAexp7: | 15.21 | |
| MAexp20: | 14.81 | |
| MAexp50: | 14.43 | |
| MAexp100: | 14.37 | |
| Price / MA7: | +7.04% | |
| Price / MA20: | +9.31% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -12.43% | |
| Price / MAexp7: | +1.91% | |
| Price / MAexp20: | +4.66% | |
| Price / MAexp50: | +7.42% | |
| Price / MAexp100: | +7.86% |
Quotes :
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15 min delayed data
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