NYXOAH - Daily - Technical analysis published on 01/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 4.53 EUR
My targets
4.04 EUR (-6.91%)
3.82 EUR (-11.98%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NYXOAH as long as the price remains well below 4.53 EUR. The sellers' bearish objective is set at 4.04 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.82 EUR. In case of crossing, the next objective would be the support located at 3.54 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 NYXOAH rating is 4.34 EUR. On the day, this instrument gained +3.33% with the lowest point at 4.29 EUR and the highest point at 4.40 EUR. The deviation from the price is +1.17% for the low point and -1.36% for the high point.4.29
4.40
4.34
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NYXOAH chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.34 | 4.53 | 6.72 | 7.65 |
| Change (%) | - | +4.38% | +54.84% | +76.27% |
| Change | - | +0.19 | +2.38 | +3.31 |
| Level | - | Minor | Major | 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 | 4.07 | 4.13 | 4.17 | 4.23 | 4.27 | 4.33 | 4.37 |
| Camarilla | 4.17 | 4.18 | 4.19 | 4.20 | 4.21 | 4.22 | 4.23 |
| Woodie | 4.05 | 4.13 | 4.15 | 4.23 | 4.25 | 4.33 | 4.35 |
| Fibonacci | 4.13 | 4.17 | 4.20 | 4.23 | 4.27 | 4.30 | 4.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.71 | 3.95 | 4.11 | 4.35 | 4.51 | 4.75 | 4.91 |
| Camarilla | 4.15 | 4.19 | 4.22 | 4.26 | 4.30 | 4.33 | 4.37 |
| Woodie | 3.66 | 3.93 | 4.06 | 4.33 | 4.46 | 4.73 | 4.86 |
| Fibonacci | 3.95 | 4.11 | 4.20 | 4.35 | 4.51 | 4.60 | 4.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.54 | 3.82 | 4.04 | 4.32 | 4.54 | 4.82 | 5.04 |
| Camarilla | 4.12 | 4.17 | 4.21 | 4.26 | 4.31 | 4.35 | 4.40 |
| Woodie | 3.51 | 3.81 | 4.01 | 4.31 | 4.51 | 4.81 | 5.01 |
| Fibonacci | 3.82 | 4.01 | 4.13 | 4.32 | 4.51 | 4.63 | 4.82 |
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): | 41.69 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -3.22 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 4.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.18 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 4.73 | |
| Zig ZAG (10): | 4.34 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 4.31 | |
| Williams %R (14): | -52.00 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -1.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 4.47 |
| MA7: | 4.35 | |
| MA20: | 4.40 | |
| MA50: | 4.83 | |
| MA100: | 5.92 | |
| MAexp7: | 4.33 | |
| MAexp20: | 4.44 | |
| MAexp50: | 4.90 | |
| MAexp100: | 5.49 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -10.14% | |
| Price / MA100: | -26.69% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | -2.25% | |
| Price / MAexp50: | -11.43% | |
| Price / MAexp100: | -20.95% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on NYXOAH at the time of the analysis were as follows:
- Nyxoah Announces Real World Case Series Demonstrating Positive Results in Treating CCC Patients with Genio®
- Nyxoah to Participate in the Piper Sandler 35th Annual Healthcare Conference
- Nyxoah Reports Third Quarter 2023 Financial and Operating Results
- Nyxoah Announces Partnership with ResMed in Germany
- Nyxoah Reports Second Quarter and First Half 2023 Financial and Operating Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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