Londinia Opportunities Analyses - 06/08/2023 (GMT) TRIP.COM GROUP LTD. - 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
72%
11%
17%
My opinion
Bullish above 35.18 USD
My targets
37.04 USD (+3.72%)
37.91 USD (+6.16%)
My analysis
The bullish trend is currently very strong on TRIP.COM GROUP LTD.. As long as the price remains above the support at 35.18 USD, you could try to benefit from the boom. The first bullish objective is located at 37.04 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37.91 USD as an objective. Crossing it would then enable buyers to target 40.06 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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Additional analysis
Quotes
TRIP.COM GROUP LTD. rating 35.71 USD. The price registered an increase of +4.14% on the session with the lowest point at 35.22 USD and the highest point at 36.14 USD. The deviation from the price is +1.39% for the low point and -1.19% for the high point.35.22
36.14
35.71
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TRIP.COM GROUP LTD.:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TRIP.COM GROUP LTD. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. 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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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 | 34.35 | 35.18 | 35.63 | 35.71 | 37.91 | 40.06 | 44.57 |
| Change (%) | -3.81% | -1.48% | -0.22% | - | +6.16% | +12.18% | +24.81% |
| Change | -1.36 | -0.53 | -0.08 | - | +2.20 | +4.35 | +8.86 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.36 | 33.20 | 33.74 | 34.58 | 35.12 | 35.96 | 36.50 |
| Camarilla | 33.91 | 34.04 | 34.16 | 34.29 | 34.42 | 34.54 | 34.67 |
| Woodie | 32.22 | 33.13 | 33.60 | 34.51 | 34.98 | 35.89 | 36.36 |
| Fibonacci | 33.20 | 33.72 | 34.05 | 34.58 | 35.10 | 35.43 | 35.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.15 | 29.46 | 31.94 | 33.25 | 35.73 | 37.04 | 39.52 |
| Camarilla | 33.38 | 33.73 | 34.07 | 34.42 | 34.77 | 35.12 | 35.46 |
| Woodie | 28.74 | 29.75 | 32.53 | 33.54 | 36.32 | 37.33 | 40.11 |
| Fibonacci | 29.46 | 30.91 | 31.80 | 33.25 | 34.70 | 35.59 | 37.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.66 | 27.68 | 29.63 | 32.65 | 34.60 | 37.62 | 39.57 |
| Camarilla | 30.21 | 30.67 | 31.12 | 31.58 | 32.04 | 32.49 | 32.95 |
| Woodie | 24.13 | 27.41 | 29.10 | 32.38 | 34.07 | 37.35 | 39.04 |
| Fibonacci | 27.68 | 29.58 | 30.75 | 32.65 | 34.55 | 35.72 | 37.62 |
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): | 65.57 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 17.83 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 35.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.27 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 34.51 | |
| Zig ZAG (10): | 35.72 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 84.76 | |
| TEMA (21): | 35.65 | |
| Williams %R (14): | -22.75 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | -0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 2.16 |
| MA7: | 33.91 | |
| MA20: | 33.28 | |
| MA50: | 34.70 | |
| MA100: | 35.93 | |
| MAexp7: | 35.50 | |
| MAexp20: | 34.96 | |
| MAexp50: | 34.09 | |
| MAexp100: | 33.61 | |
| Price / MA7: | +5.31% | |
| Price / MA20: | +7.30% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | -0.61% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +2.15% | |
| Price / MAexp50: | +4.75% | |
| Price / MAexp100: | +6.25% |
Quotes :
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15 min delayed data
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