NEW RESIDENTIAL INVESTMENT - Daily - Technical analysis published on 03/11/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
NEW RESIDENTIAL INVESTMENT Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 10.22 USD
My targets
11.53 USD (+7.33%)
12.31 USD (+14.65%)
My analysis
The bullish trend is currently very strong on NEW RESIDENTIAL INVESTMENT. As long as the price remains above the support at 10.22 USD, you could try to benefit from the boom. The first bullish objective is located at 11.53 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.31 USD as an objective. Crossing it would then enable buyers to target 13.96 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by aymanm738.
Additional analysis
Quotes
The NEW RESIDENTIAL INVESTMENT price is 10.74 USD. The price registered an increase of +1.23% on the session and was between 10.65 USD and 10.86 USD. This implies that the price is at +0.85% from its lowest and at -1.10% from its highest.10.65
10.86
10.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NEW RESIDENTIAL INVESTMENT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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 resistance
Type : Bearish
Timeframe : Daily
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 | 8.87 | 9.39 | 10.22 | 10.74 | 13.96 | 16.10 | 18.67 |
| Change (%) | -17.41% | -12.57% | -4.84% | - | +29.98% | +49.91% | +73.84% |
| Change | -1.87 | -1.35 | -0.52 | - | +3.22 | +5.36 | +7.93 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
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 | 10.43 | 10.54 | 10.64 | 10.75 | 10.85 | 10.96 | 11.06 |
| Camarilla | 10.68 | 10.70 | 10.72 | 10.74 | 10.76 | 10.78 | 10.80 |
| Woodie | 10.43 | 10.54 | 10.64 | 10.75 | 10.85 | 10.96 | 11.06 |
| Fibonacci | 10.54 | 10.62 | 10.67 | 10.75 | 10.83 | 10.88 | 10.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.90 | 9.35 | 9.88 | 10.33 | 10.86 | 11.31 | 11.84 |
| Camarilla | 10.13 | 10.22 | 10.31 | 10.40 | 10.49 | 10.58 | 10.67 |
| Woodie | 8.93 | 9.37 | 9.91 | 10.35 | 10.89 | 11.33 | 11.87 |
| Fibonacci | 9.35 | 9.73 | 9.96 | 10.33 | 10.71 | 10.94 | 11.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.08 | 8.71 | 9.49 | 10.12 | 10.90 | 11.53 | 12.31 |
| Camarilla | 9.89 | 10.02 | 10.15 | 10.28 | 10.41 | 10.54 | 10.67 |
| Woodie | 8.17 | 8.75 | 9.58 | 10.16 | 10.99 | 11.57 | 12.40 |
| Fibonacci | 8.71 | 9.25 | 9.58 | 10.12 | 10.66 | 10.99 | 11.53 |
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): | 62.20 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 6.46 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 10.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.89 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 9.64 | |
| Zig ZAG (10): | 10.74 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 84.83 | |
| TEMA (21): | 10.66 | |
| Williams %R (14): | -9.92 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 14.06 |
| MA7: | 10.55 | |
| MA20: | 10.19 | |
| MA50: | 9.89 | |
| MA100: | 9.30 | |
| MAexp7: | 10.54 | |
| MAexp20: | 10.28 | |
| MAexp50: | 9.91 | |
| MAexp100: | 9.43 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +5.40% | |
| Price / MA50: | +8.59% | |
| Price / MA100: | +15.48% | |
| Price / MAexp7: | +1.90% | |
| Price / MAexp20: | +4.47% | |
| Price / MAexp50: | +8.38% | |
| Price / MAexp100: | +13.89% |
Quotes :
2021-03-10 20:59:59
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on NEW RESIDENTIAL INVESTMENT. At the time of publication of this analysis, the latest news was as follows:
- Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC
- New Residential Announces Pricing of Public Offering of Common Stock
- New Residential Announces Public Offering of Common Stock
- New Residential Announces Fourth Quarter & Full Year 2018 Results
- Catella Residential Investment Management Acquires Residential Project Developments in Nuremberg and Stuttgart
This member declared not having a position on this financial instrument or a related financial instrument.
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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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