Londinia Opportunities Analyses - 04/16/2024 (GMT) EXELON CORP. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	EXC
ISIN:

Londinia

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 bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 36.20 USD

My targets

34.92 USD (-2.49%)

33.62 USD (-6.12%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EXELON CORP. as long as the price remains well below 36.20 USD. The sellers' bearish objective is set at 34.92 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33.62 USD. In case of crossing, the next objective would be the support located at 31.32 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

8.2

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Additional analysis

Quotes

The EXELON CORP. price is 35.81 USD. The price is lower by -1.27% since the last closing and was traded between 35.75 USD and 36.35 USD over the period. The price is currently at +0.17% from its lowest and -1.49% from its highest.

35.75

36.35

35.81

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EXELON CORP.:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EXELON CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.32	33.62	34.92	35.81	35.88	36.20	36.52
Change (%)	-12.54%	-6.12%	-2.49%	-	+0.20%	+1.09%	+1.98%
Change	-4.49	-2.19	-0.89	-	+0.07	+0.39	+0.71
Level	Intermediate	Major	Minor	-	Major	Intermediate	Major

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	35.17	35.62	35.94	36.39	36.71	37.16	37.48
Camarilla	36.06	36.13	36.20	36.27	36.34	36.41	36.48
Woodie	35.12	35.59	35.89	36.36	36.66	37.13	37.43
Fibonacci	35.62	35.91	36.09	36.39	36.68	36.86	37.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.98	35.08	35.78	36.88	37.58	38.68	39.38
Camarilla	35.98	36.14	36.31	36.47	36.64	36.80	36.97
Woodie	33.77	34.98	35.57	36.78	37.37	38.58	39.17
Fibonacci	35.08	35.77	36.20	36.88	37.57	38.00	38.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.08	34.03	35.80	36.75	38.52	39.47	41.24
Camarilla	36.82	37.07	37.32	37.57	37.82	38.07	38.32
Woodie	33.49	34.24	36.21	36.96	38.93	39.68	41.65
Fibonacci	34.03	35.07	35.71	36.75	37.79	38.43	39.47

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):	31.85
MACD (12,26,9):	-0.2500
Directional Movement:	-22.84
AROON (14):	-100.00
DEMA (21):	36.17
Parabolic SAR (0,02-0,02-0,2):	36.73
Elder Ray (13):	-0.26
Super Trend (3,10):	36.92
Zig ZAG (10):	35.91
VORTEX (21):	0.8200
Stochastique (14,3,5):	12.83
TEMA (21):	36.08
Williams %R (14):	-92.35
Chande Momentum Oscillator (20):	-0.62
Repulse (5,40,3):	-1.3300
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	2.81

MA7:	36.85
MA20:	37.00
MA50:	36.02
MA100:	36.16
MAexp7:	36.14
MAexp20:	36.49
MAexp50:	36.83
MAexp100:	36.94
Price / MA7:	-2.82%
Price / MA20:	-3.22%
Price / MA50:	-0.58%
Price / MA100:	-0.97%
Price / MAexp7:	-0.91%
Price / MAexp20:	-1.86%
Price / MAexp50:	-2.77%
Price / MAexp100:	-3.06%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on EXELON CORP.. At the time of publication of this analysis, the latest news was as follows: