NATIONAL HEALTHCARE - Daily - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
6%
78%
17%
My opinion
Bearish under 98.14 USD
My targets
90.16 USD (-1.65%)
77.00 USD (-16.00%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NATIONAL HEALTHCARE as long as the price remains well below 98.14 USD. The sellers' bearish objective is set at 90.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 77.00 USD. If there is any crossing, the next objective would be the support located at 67.39 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NATIONAL HEALTHCARE rating 91.67 USD. The price registered a decrease of -0.64% on the session and was traded between 91.39 USD and 92.49 USD over the period. The price is currently at +0.31% from its lowest and -0.89% from its highest.91.39
92.49
91.67
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NATIONAL HEALTHCARE in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 67.39 | 77.00 | 90.16 | 91.67 | 98.14 |
| Change (%) | -26.49% | -16.00% | -1.65% | - | +7.06% |
| Change | -24.28 | -14.67 | -1.51 | - | +6.47 |
| Level | Intermediate | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.05 | 89.74 | 91.00 | 92.69 | 93.95 | 95.64 | 96.90 |
| Camarilla | 91.45 | 91.72 | 91.99 | 92.26 | 92.53 | 92.80 | 93.07 |
| Woodie | 87.84 | 89.63 | 90.79 | 92.58 | 93.74 | 95.53 | 96.69 |
| Fibonacci | 89.74 | 90.87 | 91.56 | 92.69 | 93.82 | 94.51 | 95.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.45 | 87.94 | 90.10 | 93.59 | 95.75 | 99.24 | 101.40 |
| Camarilla | 90.71 | 91.22 | 91.74 | 92.26 | 92.78 | 93.30 | 93.81 |
| Woodie | 83.79 | 87.61 | 89.44 | 93.26 | 95.09 | 98.91 | 100.74 |
| Fibonacci | 87.94 | 90.10 | 91.43 | 93.59 | 95.75 | 97.08 | 99.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.26 | 84.40 | 91.53 | 96.67 | 103.80 | 108.94 | 116.07 |
| Camarilla | 95.29 | 96.41 | 97.54 | 98.66 | 99.79 | 100.91 | 102.03 |
| Woodie | 80.26 | 84.90 | 92.53 | 97.17 | 104.80 | 109.44 | 117.07 |
| Fibonacci | 84.40 | 89.09 | 91.98 | 96.67 | 101.36 | 104.25 | 108.94 |
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): | 41.99 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -7.87 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 94.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.40 | |
| Elder Ray (13): | -2.28 | |
| Super Trend (3,10): | 99.04 | |
| Zig ZAG (10): | 91.55 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 7.55 | |
| TEMA (21): | 93.08 | |
| Williams %R (14): | -97.86 | |
| Chande Momentum Oscillator (20): | -7.11 | |
| Repulse (5,40,3): | -2.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 8.57 |
| MA7: | 93.61 | |
| MA20: | 96.04 | |
| MA50: | 95.02 | |
| MA100: | 87.83 | |
| MAexp7: | 93.44 | |
| MAexp20: | 94.60 | |
| MAexp50: | 93.35 | |
| MAexp100: | 88.00 | |
| Price / MA7: | -2.07% | |
| Price / MA20: | -4.55% | |
| Price / MA50: | -3.53% | |
| Price / MA100: | +4.37% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -3.10% | |
| Price / MAexp50: | -1.80% | |
| Price / MAexp100: | +4.17% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on NATIONAL HEALTHCARE at the time of the generation of this analysis was as follows:
- Perimeter Medical Imaging AI Announces Expanded Commercial Presence within National Healthcare Provider System with Follow-On Placement of Perimeter S-Series OCT at Additional Hospital Site
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of National HealthCare Corporation (NYSE: NHC) and Encourages Investors to Contact the Firm
- Perimeter Medical Imaging AI Announces Further Commercial Expansion in North Texas with Follow-On Placement of Perimeter S-Series OCT within National Healthcare Provider System
- Huntridge Family Clinic Reopens Doors With National Healthcare Non-Profit
- NHC Reports Second Quarter 2023 Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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