NYXOAH - 1H - Technical analysis published on 05/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 8.74 EUR
My targets
8.39 EUR (-0.59%)
8.06 EUR (-4.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NYXOAH. As long as you are under the resistance located at 8.74 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.39 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8.06 EUR as an objective. Crossing it would then enable sellers to target 7.66 EUR. If the resistance 8.74 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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Additional analysis
Quotes
The NYXOAH rating is 8.44 EUR. On the day, this instrument gained +4.20% with the lowest point at 8.14 EUR and the highest point at 8.44 EUR. The deviation from the price is +3.69% for the low point and 0% for the high point.8.14
8.44
8.44
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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of NYXOAH in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. 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 : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.66 | 8.06 | 8.39 | 8.44 | 8.74 | 9.07 | 9.82 |
| Change (%) | -9.24% | -4.50% | -0.59% | - | +3.55% | +7.46% | +16.35% |
| Change | -0.78 | -0.38 | -0.05 | - | +0.30 | +0.63 | +1.38 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.94 | 8.04 | 8.24 | 8.34 | 8.54 | 8.64 | 8.84 |
| Camarilla | 8.36 | 8.39 | 8.41 | 8.44 | 8.47 | 8.50 | 8.52 |
| Woodie | 7.99 | 8.07 | 8.29 | 8.37 | 8.59 | 8.67 | 8.89 |
| Fibonacci | 8.04 | 8.16 | 8.23 | 8.34 | 8.46 | 8.53 | 8.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.94 | 8.04 | 8.24 | 8.34 | 8.54 | 8.64 | 8.84 |
| Camarilla | 8.36 | 8.39 | 8.41 | 8.44 | 8.47 | 8.50 | 8.52 |
| Woodie | 7.99 | 8.07 | 8.29 | 8.37 | 8.59 | 8.67 | 8.89 |
| Fibonacci | 8.04 | 8.16 | 8.23 | 8.34 | 8.46 | 8.53 | 8.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.78 | 6.04 | 7.68 | 9.94 | 11.58 | 13.84 | 15.48 |
| Camarilla | 8.25 | 8.61 | 8.96 | 9.32 | 9.68 | 10.04 | 10.39 |
| Woodie | 3.47 | 5.89 | 7.37 | 9.79 | 11.27 | 13.69 | 15.17 |
| Fibonacci | 6.04 | 7.53 | 8.45 | 9.94 | 11.43 | 12.35 | 13.84 |
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): | 47.78 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -5.86 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 8.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.66 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 8.69 | |
| Zig ZAG (10): | 8.44 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 88.64 | |
| TEMA (21): | 8.22 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 2.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 1.88 |
| MA7: | 8.89 | |
| MA20: | 8.99 | |
| MA50: | 10.47 | |
| MA100: | 10.05 | |
| MAexp7: | 8.35 | |
| MAexp20: | 8.41 | |
| MAexp50: | 8.71 | |
| MAexp100: | 8.89 | |
| Price / MA7: | -5.06% | |
| Price / MA20: | -6.12% | |
| Price / MA50: | -19.39% | |
| Price / MA100: | -16.02% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | -3.10% | |
| Price / MAexp100: | -5.06% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
Don't forget to follow the news on NYXOAH. At the time of publication of this analysis, the latest news was as follows:
- Nyxoah Announces Pricing of Offering
- Nyxoah Announces Proposed Offering of Ordinary Shares
- Nyxoah Reports First Quarter 2024 Financial and Operating Results
- Invitation to attend the annual and the extraordinary shareholders’ meetings of the Company to be held on June 12, 2024
- Nyxoah Appoints Dr. Maurits S. Boon, MD as Chief Medical Officer
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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