NASDAQ HEALTH CARE - 1H - Technical analysis published on 07/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 935.50 USD
My targets
946.34 USD (+0.69%)
961.16 USD (+2.27%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NASDAQ HEALTH CARE as long as the price remains well above 935.50 USD. The buyers' bullish objective is set at 946.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 961.16 USD. If there is any crossing, the next objective would be the resistance located at 966.08 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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
NASDAQ HEALTH CARE rating 939.83 USD. The price registered an increase of +2.11% on the session with the lowest point at 921.27 USD and the highest point at 939.86 USD. The deviation from the price is +2.01% for the low point and +0.00% for the high point.921.27
939.86
939.83
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ HEALTH CARE chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 919.24 | 927.04 | 935.50 | 939.83 | 946.34 | 961.16 | 966.08 |
| Change (%) | -2.19% | -1.36% | -0.46% | - | +0.69% | +2.27% | +2.79% |
| Change | -20.59 | -12.79 | -4.33 | - | +6.51 | +21.33 | +26.25 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 909.50 | 914.34 | 917.38 | 922.22 | 925.26 | 930.10 | 933.14 |
| Camarilla | 918.24 | 918.97 | 919.69 | 920.41 | 921.13 | 921.86 | 922.58 |
| Woodie | 908.59 | 913.89 | 916.47 | 921.77 | 924.35 | 929.65 | 932.23 |
| Fibonacci | 914.34 | 917.35 | 919.21 | 922.22 | 925.23 | 927.09 | 930.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 892.94 | 906.06 | 913.24 | 926.36 | 933.54 | 946.66 | 953.84 |
| Camarilla | 914.83 | 916.69 | 918.55 | 920.41 | 922.27 | 924.13 | 925.99 |
| Woodie | 889.96 | 904.58 | 910.26 | 924.88 | 930.56 | 945.18 | 950.86 |
| Fibonacci | 906.06 | 913.82 | 918.61 | 926.36 | 934.12 | 938.91 | 946.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 854.34 | 883.29 | 913.98 | 942.93 | 973.62 | 1,002.57 | 1,033.26 |
| Camarilla | 928.28 | 933.75 | 939.21 | 944.68 | 950.15 | 955.61 | 961.08 |
| Woodie | 855.22 | 883.73 | 914.86 | 943.37 | 974.50 | 1,003.01 | 1,034.14 |
| Fibonacci | 883.29 | 906.07 | 920.14 | 942.93 | 965.71 | 979.78 | 1,002.57 |
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): | 61.55 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 11.35 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 929.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 921.21 | |
| Elder Ray (13): | 7.67 | |
| Super Trend (3,10): | 926.38 | |
| Zig ZAG (10): | 939.01 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 98.95 | |
| TEMA (21): | 931.19 | |
| Williams %R (14): | -2.45 | |
| Chande Momentum Oscillator (20): | 12.62 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.95 |
| MA7: | 934.24 | |
| MA20: | 943.30 | |
| MA50: | 941.32 | |
| MA100: | 930.85 | |
| MAexp7: | 932.77 | |
| MAexp20: | 930.12 | |
| MAexp50: | 933.30 | |
| MAexp100: | 937.16 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +0.96% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.28% |
Quotes :
-
15 min delayed data
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NASDAQ US Indices
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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