Based on today's classical pivot point (P1) with the value of $17.82, Compound has support levels of $17.48, $17.19, and the strongest at $16.85. Similarly, Compound resistance levels are at $18.11, $18.45, and $18.74.
| # | Price | Strength |
|---|---|---|
| S1 | $17.48 | |
| S2 | $17.19 | |
| S3 | $16.85 |
| # | Price | Strength |
|---|---|---|
| R1 | $18.11 | |
| R2 | $18.45 | |
| R3 | $18.74 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 47.46 | NEUTRAL |
| Stoch RSI (14) | 59.86 | NEUTRAL |
| Stochastic Fast (14) | 60.46 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 13.68 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.83 | NEUTRAL |
| Momentum (10) | 0.62 | BUY |
| MACD (12, 26) | 0.08 | NEUTRAL |
| Williams Percent Range (14) | -39.54 | NEUTRAL |
| Bull Bear Power (13) | 0.95 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 41.42 | NEUTRAL |
| VWMA (10) | 17.66 | BUY |
| Hull Moving Average (9) | 17.26 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 20.40 | NEUTRAL |
Over the past 7 days, Compound price was most positively correlated with the price of Cosmos (ATOM), Aerodrome Finance (AERO), Lido DAO Token (LDO), Immutable X (IMX) and Internet Computer (ICP) and most negatively correlated with the price of OKB (OKB), APENFT (NFT), Midnight (NIGHT), DeXe (DEXE) and Decred (DCR).
| Name | Correlation |
|---|---|
| Cosmos | 0.845 |
| Aerodrome Finance | 0.802 |
| Lido DAO Token | 0.760 |
| Immutable X | 0.750 |
| Internet Computer | 0.736 |
| Name | Correlation |
|---|---|
| OKB | -0.403 |
| APENFT | -0.375 |
| Midnight | -0.370 |
| DeXe | -0.296 |
| Decred | -0.179 |
Compound price is positively correlated with the top 10 coins by market cap with a price of 0.535, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.363.
Currencies that are positively correlated with Compound indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Compound, a move in one direction for Compound would translate into a move in the opposite direction for the negatively correlated coin.
