Londinia Opportunities Analyses - 06/08/2023 (GMT) FULL TRUCK ALLIANCE CO. - 1H

FULL TRUCK ALLIANCE CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Type: Stocks
Ticker: YMM
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • U.S. Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.57 USD
My targets
6.84 USD (+2.55%)
7.03 USD (+5.40%)
My analysis
FULL TRUCK ALLIANCE CO. 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 6.57 USD. The next resistance located at 6.84 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 7.03 USD. After this resistance, buyers could then target 8.66 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
8.6

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

FULL TRUCK ALLIANCE CO. rating 6.67 USD. The price registered an increase of +2.93% on the session with the lowest point at 6.55 USD and the highest point at 6.68 USD. The deviation from the price is +1.83% for the low point and -0.15% for the high point.

6.55
6.68
6.67

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by FULL TRUCK ALLIANCE CO.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of FULL TRUCK ALLIANCE CO. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.57 6.11 6.57 6.67 6.70 6.84 7.03
Change (%) -16.49% -8.40% -1.50% - +0.45% +2.55% +5.40%
Change -1.10 -0.56 -0.10 - +0.03 +0.17 +0.36
Level Intermediate Major Minor - Major 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
Standard5.806.086.286.566.767.047.24
Camarilla6.356.396.446.486.526.576.61
Woodie5.766.066.246.546.727.027.20
Fibonacci6.086.266.386.566.746.867.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.645.135.726.216.807.297.88
Camarilla6.016.116.216.316.416.516.61
Woodie4.695.165.776.246.857.327.93
Fibonacci5.135.545.806.216.626.887.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.134.775.295.936.457.097.61
Camarilla5.495.605.705.815.926.026.13
Woodie4.074.745.235.906.397.067.55
Fibonacci4.775.215.495.936.376.657.09

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): 62.85
MACD (12,26,9): 0.1100
Directional Movement: 24.69
AROON (14): 50.00
DEMA (21): 6.61
Parabolic SAR (0,02-0,02-0,2): 6.48
Elder Ray (13): 0.12
Super Trend (3,10): 6.27
Zig ZAG (10): 6.64
VORTEX (21): 1.1700
Stochastique (14,3,5): 64.27
TEMA (21): 6.63
Williams %R (14): -36.28
Chande Momentum Oscillator (20): 0.20
Repulse (5,40,3): 0.3800
ROCnROLL: 1
TRIX (15,9): 0.2500
Courbe Coppock: 11.39
MA7: 6.29
MA20: 6.00
MA50: 6.48
MA100: 7.08
MAexp7: 6.57
MAexp20: 6.46
MAexp50: 6.27
MAexp100: 6.14
Price / MA7: +6.04%
Price / MA20: +11.17%
Price / MA50: +2.93%
Price / MA100: -5.79%
Price / MAexp7: +1.52%
Price / MAexp20: +3.25%
Price / MAexp50: +6.38%
Price / MAexp100: +8.63%

Quotes : - 15 min delayed data - Actions NYSE