NORTHERN TRUST CORP. - Daily - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 102.36 USD
My targets
94.52 USD (-3.05%)
91.46 USD (-6.19%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 102.36 USD remains possible. It is advisable to trade NORTHERN TRUST CORP. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 102.36 USD. The next bearish objective for sellers is set at 94.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 91.46 USD. In case of crossing, the next objective would be the support located at 86.80 USD. PS: if there is a bullish break in the resistance located at 102.36 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3
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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 NORTHERN TRUST CORP. price is 97.49 USD. The price registered a decrease of -0.02% on the session with the lowest point at 97.49 USD and the highest point at 98.38 USD. The deviation from the price is 0% for the low point and -0.90% for the high point.97.49
98.38
97.49
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NORTHERN TRUST CORP. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 86.80 | 91.46 | 94.52 | 97.49 | 102.36 | 112.05 | 117.89 |
| Change (%) | -10.97% | -6.19% | -3.05% | - | +5.00% | +14.93% | +20.93% |
| Change | -10.69 | -6.03 | -2.97 | - | +4.87 | +14.56 | +20.40 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 93.71 | 94.59 | 96.05 | 96.93 | 98.39 | 99.27 | 100.73 |
| Camarilla | 96.87 | 97.08 | 97.30 | 97.51 | 97.73 | 97.94 | 98.15 |
| Woodie | 94.00 | 94.74 | 96.34 | 97.08 | 98.68 | 99.42 | 101.02 |
| Fibonacci | 94.59 | 95.48 | 96.04 | 96.93 | 97.82 | 98.38 | 99.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.71 | 90.33 | 94.80 | 97.42 | 101.89 | 104.51 | 108.98 |
| Camarilla | 97.33 | 97.98 | 98.63 | 99.28 | 99.93 | 100.58 | 101.23 |
| Woodie | 88.65 | 90.79 | 95.74 | 97.88 | 102.83 | 104.97 | 109.92 |
| Fibonacci | 90.33 | 93.04 | 94.71 | 97.42 | 100.13 | 101.80 | 104.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.69 | 77.19 | 86.83 | 99.33 | 108.97 | 121.47 | 131.11 |
| Camarilla | 90.39 | 92.42 | 94.45 | 96.48 | 98.51 | 100.54 | 102.57 |
| Woodie | 63.27 | 76.48 | 85.41 | 98.62 | 107.55 | 120.76 | 129.69 |
| Fibonacci | 77.19 | 85.64 | 90.87 | 99.33 | 107.78 | 113.01 | 121.47 |
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): | 49.97 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | 0.79 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 96.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 94.06 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 101.70 | |
| Zig ZAG (10): | 97.73 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 53.00 | |
| TEMA (21): | 97.63 | |
| Williams %R (14): | -43.48 | |
| Chande Momentum Oscillator (20): | 1.93 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 1.52 |
| MA7: | 97.92 | |
| MA20: | 97.27 | |
| MA50: | 100.62 | |
| MA100: | 105.44 | |
| MAexp7: | 97.76 | |
| MAexp20: | 97.74 | |
| MAexp50: | 100.43 | |
| MAexp100: | 104.45 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -3.11% | |
| Price / MA100: | -7.54% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -2.93% | |
| Price / MAexp100: | -6.66% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on NORTHERN TRUST CORP. at the time of the analysis were as follows:
- Northern Trust Grows UK Pension Assets Under Custody by More Than US$72 Billion in 2019
- Northern Trust Asset Management Launches Sustainable Quantitative Solutions
- Northern Trust Selected by Storebrand as Asset Servicing Provider for Cross-Border Distribution Through New Luxembourg Fund Range
- Northern Trust Enhances Collateral Management Services to Help Clients Optimize Performance and Meet Margin Obligations
- Northern Trust Bolsters Institutional Sales and Product Management Teams
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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