NORDSON CORP. - 1H - Technical analysis published on 03/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 269.63 USD
My targets
263.67 USD (-0.65%)
260.74 USD (-1.75%)
My analysis
NORDSON CORP. is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 269.63 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 263.67 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 260.74 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 257.83 USD. Beware of a possible return to above the resistance located at 269.63 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NORDSON CORP. price is 265.39 USD. The price is lower by -0.10% since the last closing with the lowest point at 264.55 USD and the highest point at 266.57 USD. The deviation from the price is +0.32% for the low point and -0.44% for the high point.264.55
266.57
265.39
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NORDSON CORP.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of NORDSON CORP. in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 257.83 | 260.74 | 263.67 | 265.39 | 265.81 | 269.63 | 275.67 |
| Change (%) | -2.85% | -1.75% | -0.65% | - | +0.16% | +1.60% | +3.87% |
| Change | -7.56 | -4.65 | -1.72 | - | +0.42 | +4.24 | +10.28 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.05 | 261.92 | 263.78 | 266.65 | 268.51 | 271.38 | 273.24 |
| Camarilla | 264.35 | 264.78 | 265.22 | 265.65 | 266.08 | 266.52 | 266.95 |
| Woodie | 258.56 | 261.67 | 263.29 | 266.40 | 268.02 | 271.13 | 272.75 |
| Fibonacci | 261.92 | 263.72 | 264.84 | 266.65 | 268.45 | 269.57 | 271.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 249.48 | 255.11 | 264.41 | 270.04 | 279.34 | 284.97 | 294.27 |
| Camarilla | 269.60 | 270.97 | 272.34 | 273.71 | 275.08 | 276.45 | 277.82 |
| Woodie | 251.32 | 256.03 | 266.25 | 270.96 | 281.18 | 285.89 | 296.11 |
| Fibonacci | 255.11 | 260.81 | 264.34 | 270.04 | 275.74 | 279.27 | 284.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.42 | 237.48 | 251.56 | 263.62 | 277.70 | 289.76 | 303.84 |
| Camarilla | 258.46 | 260.86 | 263.25 | 265.65 | 268.05 | 270.44 | 272.84 |
| Woodie | 226.44 | 237.99 | 252.58 | 264.13 | 278.72 | 290.27 | 304.86 |
| Fibonacci | 237.48 | 247.46 | 253.63 | 263.62 | 273.60 | 279.77 | 289.76 |
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): | 36.81 | |
| MACD (12,26,9): | -0.8500 | |
| Directional Movement: | -18.54 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 266.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 269.24 | |
| Elder Ray (13): | -1.95 | |
| Super Trend (3,10): | 269.71 | |
| Zig ZAG (10): | 264.55 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 14.24 | |
| TEMA (21): | 265.61 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -3.05 | |
| Repulse (5,40,3): | -0.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.61 |
| MA7: | 269.05 | |
| MA20: | 263.27 | |
| MA50: | 257.85 | |
| MA100: | 242.43 | |
| MAexp7: | 266.27 | |
| MAexp20: | 267.49 | |
| MAexp50: | 267.72 | |
| MAexp100: | 265.63 | |
| Price / MA7: | -1.36% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | +9.47% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.79% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -0.09% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on NORDSON CORP.. At the time of publication of this analysis, the latest news was as follows:
- Nordson Corporation Reports Third Quarter Fiscal 2023 Results and Narrows Annual Guidance
- Nordson’s Semiconductor Advanced Packaging Solutions Will Be Demonstrated at SEMICON Taiwan 2023
- Nordson Corporation Board of Directors Increases Dividend 5 Percent, Marking 60 Consecutive Years of Annual Dividend Increases
- Nordson Corporation Announces Earnings Release and Webcast for Third Quarter Fiscal Year 2023
- Nordson Corporation Announces Agreement to Acquire ARAG, Expanding its Core Dispense Capabilities into the Attractive Precision Agriculture Market
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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