Londinia Opportunities Analyses - 05/17/2024 (GMT) REMITLY GLOBAL INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	RELY
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 14.70 USD

My targets

13.18 USD (-6.77%)

12.24 USD (-13.46%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on REMITLY GLOBAL INC. as long as the price remains well below 14.70 USD. The sellers' bearish objective is set at 13.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.24 USD. In case of crossing, the next objective would be the support located at 12.00 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 not called into question, despite technical indicators being neutral.

Force

7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

REMITLY GLOBAL INC. rating 14.14 USD. On the day, this instrument lost -0.42% and was traded between 13.97 USD and 14.29 USD over the period. The price is currently at +1.22% from its lowest and -1.05% from its highest.

13.97

14.29

14.14

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of REMITLY GLOBAL INC. in 1H shows a overall strongly 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.09	12.00	14.14	14.14	16.16	18.82	21.42
Change (%)	-35.71%	-15.13%	0%	-	+14.29%	+33.10%	+51.49%
Change	-5.05	-2.14	0	-	+2.02	+4.68	+7.28
Level	Minor	Intermediate	Intermediate	-	Major	Major	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	13.85	13.98	14.09	14.22	14.33	14.46	14.57
Camarilla	14.13	14.16	14.18	14.20	14.22	14.24	14.27
Woodie	13.84	13.98	14.08	14.22	14.32	14.46	14.56
Fibonacci	13.98	14.07	14.13	14.22	14.31	14.37	14.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.24	13.18	13.76	14.70	15.28	16.22	16.80
Camarilla	13.91	14.05	14.19	14.33	14.47	14.61	14.75
Woodie	12.05	13.09	13.57	14.61	15.09	16.13	16.61
Fibonacci	13.18	13.76	14.12	14.70	15.28	15.64	16.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.95	15.28	16.55	18.88	20.15	22.48	23.75
Camarilla	16.84	17.17	17.50	17.83	18.16	18.49	18.82
Woodie	12.43	15.02	16.03	18.62	19.63	22.22	23.23
Fibonacci	15.28	16.65	17.50	18.88	20.25	21.10	22.48

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):	36.07
MACD (12,26,9):	-0.0800
Directional Movement:	-7.63
AROON (14):	-71.43
DEMA (21):	14.10
Parabolic SAR (0,02-0,02-0,2):	14.21
Elder Ray (13):	-0.11
Super Trend (3,10):	14.45
Zig ZAG (10):	14.15
VORTEX (21):	0.9100
Stochastique (14,3,5):	30.98
TEMA (21):	14.15
Williams %R (14):	-52.63
Chande Momentum Oscillator (20):	-0.08
Repulse (5,40,3):	0.5700
ROCnROLL:	-1
TRIX (15,9):	-0.0600
Courbe Coppock:	1.25

MA7:	14.31
MA20:	16.03
MA50:	18.53
MA100:	18.53
MAexp7:	14.15
MAexp20:	14.18
MAexp50:	14.47
MAexp100:	15.26
Price / MA7:	-1.19%
Price / MA20:	-11.79%
Price / MA50:	-23.69%
Price / MA100:	-23.69%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.28%
Price / MAexp50:	-2.28%
Price / MAexp100:	-7.34%

Quotes : - 15 min delayed data - Actions NASDAQ

News

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