NEAR - NEAR/USD - Daily - Technical analysis published on 09/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 4.72 USD
My targets
4.15 USD (-4.16%)
My analysis
NEAR - NEAR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.72 USD. The next support located at 4.15 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEAR - NEAR/USD price is 4.33 USD. On the day, this instrument lost -0.23% and was traded between 4.20 USD and 4.38 USD over the period. The price is currently at +3.10% from its lowest and -1.14% from its highest.4.20
4.38
4.33
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this NEAR - NEAR/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.15 | 4.33 | 5.98 | 8.50 | 11.79 |
| Change (%) | -4.16% | - | +38.11% | +96.30% | +172.29% |
| Change | -0.18 | - | +1.65 | +4.17 | +7.46 |
| Level | Major | - | Minor | Minor | Minor |
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 | 3.97 | 4.08 | 4.21 | 4.32 | 4.45 | 4.56 | 4.69 |
| Camarilla | 4.27 | 4.30 | 4.32 | 4.34 | 4.36 | 4.38 | 4.41 |
| Woodie | 3.98 | 4.09 | 4.22 | 4.33 | 4.46 | 4.57 | 4.70 |
| Fibonacci | 4.08 | 4.17 | 4.23 | 4.32 | 4.41 | 4.47 | 4.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.08 | 3.45 | 3.69 | 4.06 | 4.30 | 4.67 | 4.91 |
| Camarilla | 3.75 | 3.81 | 3.86 | 3.92 | 3.98 | 4.03 | 4.09 |
| Woodie | 3.01 | 3.42 | 3.62 | 4.03 | 4.23 | 4.64 | 4.84 |
| Fibonacci | 3.45 | 3.69 | 3.83 | 4.06 | 4.30 | 4.44 | 4.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.94 | 2.32 | 3.34 | 4.72 | 5.74 | 7.12 | 8.14 |
| Camarilla | 3.71 | 3.93 | 4.15 | 4.37 | 4.59 | 4.81 | 5.03 |
| Woodie | 0.77 | 2.23 | 3.17 | 4.63 | 5.57 | 7.03 | 7.97 |
| Fibonacci | 2.32 | 3.23 | 3.80 | 4.72 | 5.63 | 6.20 | 7.12 |
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): | 46.95 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -0.97 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 4.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.73 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 4.92 | |
| Zig ZAG (10): | 4.28 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 56.94 | |
| TEMA (21): | 4.03 | |
| Williams %R (14): | -26.93 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 3.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4300 | |
| Courbe Coppock: | 24.05 |
| MA7: | 4.13 | |
| MA20: | 4.43 | |
| MA50: | 4.51 | |
| MA100: | 4.29 | |
| MAexp7: | 4.24 | |
| MAexp20: | 4.38 | |
| MAexp50: | 4.52 | |
| MAexp100: | 5.31 | |
| Price / MA7: | +4.84% | |
| Price / MA20: | -2.26% | |
| Price / MA50: | -3.99% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | +2.12% | |
| Price / MAexp20: | -1.14% | |
| Price / MAexp50: | -4.20% | |
| Price / MAexp100: | -18.46% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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